Tariffs, quotas, and the impossible task of disaggregation

As part of its exit from the EU, the UK is having to consider its trading relationship with not just the rest of Europe but also the rest of the world. International trade is governed by a series of rules which is set by the World Trade Organisation, an international body. These rules include provisions for transfer of currency, standards, and discrimination between countries. There are also a set of standard tariffs on goods – which vary by the type of produce. Continue reading “Tariffs, quotas, and the impossible task of disaggregation”