All balance-of-payments restrictions are subject to periodic review in the Committee under Article XII, paragraph 4, paragraph b), or Article XVIII, paragraph 12, point b), subject to the possibility of modifying the periodicity of consultations in agreement with the advisor or as part of a specific review procedure recommended by the General Council. Recognising the contribution to the expansion of world trade, which can be made by closer integration between the economies of the parties to these agreements, the Safeguards Agreement indicates that there is no prejudation of the interpretation of Article XIX and Article XXIV, paragraph 8, of the 1994 GATT. See WTO agreement on safeguards, p. 19, art. 2.1, No.1. Recognising the provisions of Articles XII and XVIII:B of the 1994 GATT and the declaration on trade measures for balance-of-payments adopted on 28 November 1979 (BISD 26S/205-209, known as the “1979 declaration” in that agreement) and to clarify these provisions; Facilitating and promoting trade in developing countries and not creating unjustified barriers or difficulties to trade by other parties; “Members recognize that it is desirable to increase trade freedom through the development of closer integration of the countries parties to these agreements through voluntary agreements.” As described in the contractING PARTIES decision of 25 June 1971, which refers to the definition of “general, non-reciprocal and non-discriminatory preferences that benefit developing countries” (BISD 18S/24). “Over the past few months, I have been pleased to receive lexology news feeds and find good quality and relevant articles in general. I like the fact that the email will contain a brief reference to the subject matter of the articles, which allows me to skip the News Feed very quickly and decide which articles should be read in detail. ” in reference to ARTICLE XXIV of the GATT of 1994; A member informed the General Council that the import restrictive measures adopted for balance-of-payments purposes had been amended or amended, as well as any changes to the time frames for the lifting of the measures announced in paragraph 1. Substantial changes are communicated to the General Council before or no later than 30 days after they are announced. Each member makes a consolidated notification to the secretariat each year, including any changes to legislation, regulations, declarations of principle or public notices, for consideration by members. Communications include, where possible, comprehensive information at the tariff lines on the nature of the measures applied, the criteria used for their management, product coverage and trade flows. 336 In this context, we note the standard provisions used by the Commission for the review of regional trade agreements, as stated in WT/REG3/1.

(3) The reasonable period of time covered by Article XXIV, paragraph 5, point c), should exceed ten years only in exceptional cases. If the members of an interim agreement believe that ten years would not be enough, they will have to explain in detail the trade in goods to the Council for a longer period of time. If we leave the EU, we can continue to impose zero tariffs on products originating in the EU and they can continue to impose zero tariffs on products originating in the UK if we have a free trade agreement (FTA) with the EU, which falls under Article XXIV, paragraph 8, point b). In a non-agreement scenario, the UK could choose to continue to apply zero tariffs on products imported from the EU in order to minimise trade and price disruptions. Under the principle of the most favoured nation, the United Kingdom should offer zero tariffs to all third countries.