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UK says would cut tariffs, no checks on Irish border in no-deal Brexit

Britain said on Wednesday it would eliminate import tariffs on a wide range of goods and avoid a so-called hard border between Ireland and Northern Ireland in the event of a no-deal Brexit.

Under the tariff plan for a no-deal Brexit that would last for up to 12 months 87 percent of total imports to the United Kingdom by value would be eligible for tariff-free access, up from 80 percent now.

The new system would mean 82 percent of imports from the EU would be tariff-free, down from 100 percent now, while 92 percent of imports from the rest of the world would pay no duties at the border, up from 56 percent now.






Article source: http://www.dailystar.com.lb//Business/International/2019/Mar-13/478711-uk-says-would-cut-tariffs-no-checks-on-irish-border-in-no-deal-brexit.ashx