20 May 2020 --- The UK government has announced a new most-favored-nation (MFN) tariff regime, the UK Global Tariff (UKGT), as part of its Brexit transition. “It will scrap red tape and other unnecessary barriers to trade, reduce cost pressures and increase choice for consumers and back UK industries to compete on the global stage,” its guidance outlines. While the policy has been positively received in the local F&B sector, the overlying need to soon establish a bilateral EU trade deal is flagged by some stakeholders.
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