The UK’s new independent trade remedies system will protect UK businesses from injury caused by unfair trading practices, such as dumping and subsidies, and unforeseen surges in imports, when we leave the European Union.
Claire Bassett, Trade Remedies Authority (TRA) Chief Executive Designate, updated the International Trade Committee today on the progress that has been made to ensure the TRA will be ready for 29 March 2019.
DIT has already recruited 70% of the future TRA’s staff, with 90 staff now appointed.
Over one-third of those in post have now completed the comprehensive technical training programme and are armed with the relevant accounting, legal and economic skills required to conduct trade remedies investigations.
The UK system will be compliant with World Trade Organisation rules, including for the conduct of investigations and provisions on the calculations of dumping and injury. There will be a statutory appeals system for trade remedies decisions.
The TRA will launch a new website, which will allow people to submit applications and evidence as part of the review and investigations process. The new platform has undergone several rounds of user and development testing and will be ready to be launched by the time the UK leaves the EU.
TRA Chief Executive, Claire Bassett said:
We are committed to ensuring that UK industry continues to have the protection it needs against injury caused by unfair trading practices, or unforeseen surges in imports, once we have left the EU. That is why the Department have developed an independent trade remedies framework and I am looking forward to leading the TRA, to deliver this.
The TRA will form a key part of the UK’s new independent trade policy, as we prepare to take control of our own trade agenda for the first time in more than 40 years.
The new authority will be based in Reading and will be responsible for investigating cases of unfair trading practices and unforeseen surges in imports that injure UK businesses. It will be able to recommend new measures for the protection of domestic industries.