The EU closes an agreement with China to redistribute import quotas after Brexit
18 May 202693 views
Who is affected:
European importers of Chinese products subject to OMC tariff contingents
Summary
The EU and China agree on how to redistribute the tariff quotas that they previously shared with the United Kingdom, now that it is no longer part of the Union.
Detailed analysis
PRO
Following the United Kingdom's withdrawal from the EU, the tariff contingents negotiated in the OMC list CLXXV had to be renegotiated to reflect that the European market is now smaller. This agreement between the EU and China, formalized through exchange of notes under article XXVIII of GATT 1994, establishes the new d…
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