UK and EU formally inform WTO of post-Brexit tariff quota plan

London and Brussels press ahead with proposal already rejected by US and other World Trade Organisation members

Britain and the EU have formally informed members of the World Trade Organisation how they plan to split up the EU’s tariff quotas and farm subsidies after Brexit in a plan already rejected by the White House.

In a joint letter, the two parties, who are involved in intense negotiations over Britain’s departure from the EU, said they had come to an agreement on a key aspect of trading relationships with the rest of the world after Brexit.

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from The Guardian http://ift.tt/2z0rTxE