Trade Agreements: USA
The question
To ask the Secretary of State for Business and Trade, with reference to page 2 of his Department's publication entitled General terms for the United States of America and the United Kingdom of Great Britain and Northern Ireland Economic Prosperity Deal, how he will allocate the 100,000 vehicle quota among companies.
Answered by Mr Douglas Alexander
The United States as part of the UK-US Economic Prosperity Deal, has created a quota of 100,000 vehicles for UK automotive imports at a 10 percent tariff rate, down from 27.5% We have been engaging with industry to seek their views on how we can ensure that the quota works for industry as a whole. The quota has been implemented today, 30 June, by the US and came into effect at 00:01 US Eastern time.
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