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Search results for 'trade remedies' (5)
Countervailing duties (CVD) are specific tariffs imposed on imported goods to offset subsidies provided by foreign governments to their domestic producers, ensuring fair competition.
Trade Remedies or Trade Measures are internationally agreed trade control methods implemented at the country level to balance domestic and international markets, safeguarding the local domestic market.
The need for trade remedies stems from the challenges of operating globally. Trading internationally carries risks, such as opening the domestic market to the threat of competition. Introducing trade remedies in these scenarios can counterbalance these threats, protecting the UK’s domestic industries. As of 2025, the United Kingdom imposes anti-dumping duties on various imported goods to protect domestic industries from unfair trade practices. These duties are additional charges levied on products sold in the UK at prices below their standard value, often due to subsidies or dumping by exporting countries.
The economic interest test (EIT) is a component of the UK’s trade remedies framework, which looks at the impacts of our import duties on the UK economy. For example, if a UK company produces goods and the same or similar goods are also imported, or one of the components needs to be imported, how will import duty affect the UK economy?
This new independent unit is responsible for investigations into Anti-Dumping and Countervailing import duty issues (AD/CVD) to help defend UK economic interests from unfair international trading practices. The Trade Act 2021 received Royal Assent on 29 April 2021, after a seemingly long time spent passing through the various committee stages in Parliament. The TRA has now replaced the interim Trade Remedies Investigations Directorate (TRID), which was part of the Department for International Trade. Though a non-governmental public body, the TRA will also work on individual cases to impose trade defence measures as recommended by the Secretary of State for International Trade (SoS). Read More Training courses that cover this subject include Import Essentials The Importers’ Workshop – 2 days Introduction to Customs Procedures
