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<p>The UK remains committed to leaving the EU with a deal prior to the 31st October,
however should it leave without a deal, UK producers may face new tariffs on some
of their exports, which importers of their products will be liable to pay. The annual
gross value of these tariffs would be subject to the volume of trade that is likely
to take place after exit, as well as the tariff rates applied by specific trading
partners.</p><p> </p><p>Information on the current EU’s Most Favoured Nation (MFN)
tariff rates are published by the Commission at the following website: <a href="https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32018R1602&from=EN"
target="_blank">https://eur-lex.europa.eu/legal-content/EN/TXT/PDF/?uri=CELEX:32018R1602&from=EN</a></p><p>
</p><p>UK producers who export to existing preferential trading partners by virtue
of existing EU free trade agreements may face these countries’ MFN tariff rates, but
only where these agreements have not been successfully rolled over prior to leaving.
To date, the UK has signed or agreed in principle agreements with countries that account
for 63% of the UK’s trade with all the countries with which the UK is seeking continuity
in the event of a potential No Deal (based on total goods and services trade - imports
and exports - with the UK, according to ONS data, 2018). Work is continuing intensively
on remaining agreements.</p><p> </p><p>There will be no change to the tariff rates
faced by UK exporters exporting to countries with which we do not have a preferential
trading agreement.</p>
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