Note: the committee doesn’t endorse agreements. Apparently it managed to do so once on NAFTA. Since then it’s been split on the meaning of “substantially all the trade”, which FTAs have to cover under GATT Art24
The detail shows that in only two cases (beef, sheepmeat) is the protection for 15 yrs, and even then the impact of a “cap” is not what it might seem at first sight. For rice, dairy products and sugar, the protection is for zero, five or eight years.
• the starting point (2021 tariffs and quotas)
• the size and expansion rate of the quotas
• how the in-quota tariff compares with the starting point
• what the out-of-quota or safeguard tariff is
A bit more detail. Looks like the 15-year protection for farmers = a gradual expansion of existing tariff quotas (limited quantities allowed in duty-free, expanding to unlimited over 15 yrs)
What are the UK’s existing tariff quotas for Australia? …
The #G7TradeMinisters have nothing to say on improving external transparency so the world knows what is happening in the WTO and in other trade negotiations
First some nice words on being committed to “free and fair trade” (who isn’t?), tackling the pandemic (who isn’t?), sustainable development goals (who isn’t?), and support @wto reform (who isn’t?)