The UK’s new Trade Remedies Authority (TRA), to be established under the Trade Bill currently going through Parliament, will be paying particular attention to the latest report from the European Commission.
Please note that on 12 May 2020, it was announced that the Job Retention Scheme has been extended until the end of October. From August, the Scheme is likely to run slightly differently to allow the sharing of wage costs between the employer and the Government where employees are brought back to work on a part-time basis.
On 20 March, Chancellor Rishi Sunak announced a package of “temporary, timely and targeted measures” to support public services, people and businesses through this period of disruption caused by the coronavirus pandemic.
If employers were reading the newspapers at the beginning of last week, they could have been forgiven for expecting a major shift in the Government’s approach to dealing with the coronavirus, if not quite a return to “normal”.
Recent seizures of fake medical supplies being marketed as protection against COVID-19 underscore the need to address a growing international trade in counterfeit pharmaceuticals that is costing billions of pounds a year and putting lives at risk.
Early evidence shows that the current pandemic is causing international trade to collapse, threatening access to goods and critical supplies as countries adopt radical measures which put transport systems and supply lines under tremendous stress.
The proposed trade agreement with the United States that featured so prominently during the Brexit debate has moved a step closer to reality with the launch of the first round of free trade agreement (FTA) negotiations.