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International Trade Update: UK Autumn Budget measures, WTO safeguards, EU e-commerce enforcement and import registrations, plus HMRC customs guidance—week ending 31 October 2024

Published on: 31 October 2024

Published by a LexisNexis International Trade expert
Legal News
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Article summary

In this issue:

  • Key developments and materials
  • WTO
  • Trade in goods
  • Customs
  • Daily and weekly news alerts

Key developments and materials

Autumn Budget 2024—key International Trade announcements

In the Autumn Budget 2024 on 30 October 2024, the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP, set out measures to reinforce the international trade landscape. Plans include funding to amplify the UK’s trade and investment across the globe, engagement to advance Free Trade Agreements, and steps to deliver the UK’s Trade Strategy, among a range of further announcements and updates. Reeves observed that a range of trends will reshape both UK and global trade, stressing that adjusting to these shifts will underpin sustainable growth. See: LNB News 30/10/2024 33.

WTO

WTO reviews recent safeguard notifications

The World Trade Organisation (WTO) has examined safeguard notifications from 11 members submitted since the WTO Committee on Safeguards’ previous meeting in April 2024. During the session, discussions also covered the EU’s and UK’s safeguard measures on specified steel products, Viet Nam’s safeguard on particular semi‑finished and finished alloy and non‑alloy steel products, and Indonesia’s safeguard on articles of apparel and clothing accessories...

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