On Tuesday 26 June, the EU Council authorised the European Commission to open negotiations within the World Trade Organisation (WTO) on the post-Brexit apportionment of the existing EU tariff quotas between the future 27 EU member states and the United Kingdom.
After the UK leaves the EU, the EU will continue to apply its scheduled commitments for goods, but its existing quantitative commitments, in particular the tariff rate quotas for agricultural, fish and industrial products, will...