keep The Customs Tariff (Preferential Trade Arrangements) (Amendment) Regulations 2022
Amendment regulations updating preferential tariff schedules and origin reference documents for 14 UK trade agreements (Albania, Andean Countries, Chile, Faroe Islands, Iceland, Norway, Japan, North Macedonia, Serbia, Singapore, South African Customs Union/Mozambique, Vietnam). Updates version numbers and dates to reflect latest negotiated tariff documents effective 28th June 2022.
These amendments maintain existing preferential trade arrangements by updating tariff schedules to their latest versions. Deleting this would create uncertainty in tariff classification for UK trading partners and potentially disrupt the preferential (lower) tariff rates already negotiated. This regulation facilitates trade rather than restricting it, ensuring businesses can correctly apply the correct preferential tariffs under UK's bilateral agreements.