The Trade Remedies Authority, a new independent body with powers to help defend UK economic interests from unfair international trading practices, has launched today. The TRA will investigate complaints from UK industries about unfair trading practices and unforeseen surges in imports.
The TRA will operate as an arms-length body of the Department for International Trade to investigate possible cases of dumping and subsidised imports through robust and objective analysis of evidence. Where appropriate, it will recommend the imposition of new trade remedy measures, such as tariffs, to stop injury to UK producers harmed by the unfair trading practices.
The new body’s investigators will be reviewing 43 existing EU trade remedy measures relevant to UK industry which were transitioned when the UK left the EU Customs Union Eleven of these transition reviews are currently live, covering products from a range of sectors, including steel, fisheries and biodiesel.
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