Today the Government has published the new UK Global Tariff (UKGT). The UKGT will replace the EU’s Common External Tariff on 1 January 2021. This tariff will only apply to goods from countries which the UK does not have a preferential trading relationship with.
In response to the news, Peter Davidson, Executive Director of the Tank Storage Association, said: “This bespoke regime will apply from 1 January 2021 and replace the EU’s common external tariff. The UK’s bulk liquid storage sector supports growth and prosperity by importing, exporting, storing and blending liquid products that are integral to our daily lives, from transport and heating fuels to chemicals, agricultural and food-grade products. It is good to see the government listen to sectors, such as ours, that play a significant and leading role in international trade. Looking ahead, we will continue working closely and constructively with the government on behalf of our sector to ensure that we can continue to deliver and thrive.”
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Notes to editors
The Tank Storage Association (TSA) represents the interests of over 60 member companies engaged in the storage of bulk liquids and the provision of products and services to the sector. Collectively, its members operate over 290 terminals and distribution hubs in the UK and have over 10 million cubic metres of storage capacity in the United Kingdom (UK) and Republic of Ireland (ROI). TSA’s members provide and support an essential interface between sea, road, rail and pipeline logistics for many different substances including transport and heating fuels, chemicals, animal feed and foodstuffs.
Nunzia Florio, Communications Specialist: T. +44 (0)7903 388584 – Email email@example.com