Car parts will not attract an import tariff if the UK Leaves the EU under a ‘no deal’ scenario, scrutiny of a 1,477-page hard Brexit plan has revealed.
The BBC has reported that, under a temporary scheme, 87% of imports by value would be eligible for zero-tariff access, compared to the 80% of imports which are currently tariff free.
Car parts – including engines – from the EU would be one such area of tariff free trade, it said, as part of attempts to protect the automotive sector and its manufacturing operations.
More generally, imports of cars from the EU will attract a tariff of 10.6%, adding around £1,500 to a typical family car, according to the Society of Motor Manufacturers and Traders (SMMT).
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