New partnership to provide tariff data (1)
Cross-border body Intertrade Ireland, think-tank ESRI (Economic and Social Research Institute) and the Central Statistics Office are joining forces to provide businesses with product-specific information on the WTO tariffs which will apply if the UK leaves the single market and customs union in 2019.
Intertrade CEO Thomas Hunter McGowan told a Brexit information breakfast in Monaghan that the tariff tables published by the WTO show broad sectoral categories which are not very useful for businesses on the ground and particularly for SMEs.
“Whatever you are exporting across the border, whether it be yoghurt or plastic buckets, you will be able to look it up in our tariff tables and see what rate applies,” he said.
The product-level tariff information will be available early in the new year.