To ask Her Majesty's Government what assessment they have made of whether, under World Trade Organisation rules, novation would enable the UK to continue to trade with countries that currently have free trade agreements with the EU; and on what tariff terms.
8 August 2018
The Government is committed to ensuring continuity for the effects of the UK’s existing free trade agreements, including preferential tariff terms, as we leave the EU. To achieve this, the UK will enter into new agreements with partner countries in place of the EU free trade agreements in which we participate as a Member State, in line with WTO rules on Regional Trade Agreements. Necessary changes will be made to ensure that these preferential trading arrangements can continue to operate in a bilateral context. Tariff terms vary from treaty to treaty and we intend to replicate the effect of those already agreed with the EU, as far as possible.