Trade bill introduced to parliament

What happened?

On 9 October 2017, the government published a white paper to discuss the upcoming UK Trade Bill.  On 7 November 2017, the government introduced this bill to parliament, and issued a factsheet to accompany it.  This bill will be debated, and possibly amended before it becomes law.

A Customs Bill expected shortly – it appears this will be named the Taxation (Crossborder Trade) Bill.  This bill will be a “Ways and Means” debate because it concerns taxes or other charges levied to fund Government spending.  A Ways and Means Bill is usually approved without debate after it has passed its second reading;

What is the Trade Bill?

The EU currently negotiates and agrees trade agreements on the UK’s behalf.  The European Communities Act 1972 (ECA) gives the EU powers to do most of the strategic and policy level work with respect to trade.  The ECA will be repealed by the EU (Withdrawal) Bill.  The UK therefore requires new national law to replace the current EU legislation.  The Trade Bill will bring these powers back to the UK and will commit us – in our own name – to various international obligations.

Where can I find more information?

Please contact us for a free consultation.

Follow these links to read the full papers:

Trade Bill – First reading – Nov 2017

Trade Bill – Factsheet – November 2017

Trade Bill – White Paper

Customs Bill White Paper 

See related articles:

Preparing for Brexit: Customs 101

Brexit: A brief history and the customs implications

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