On 3 December the Leader of the House announced the provisional date for the second reading of the Taxation (Post-Transition Period) Bill 2019-21 would be 9 December 2020. To date the Bill has not been published.
Documents to download
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Promoting trade with the Commonwealth (209 KB, PDF)
Background
In March 2017, the UK will co-host the inaugural Commonwealth Trade Ministers Meeting. The objective will be to reaffirm the commitment of Commonwealth member countries to a “transparent free and fair multilateral trading system,” and to define an ambitious Commonwealth led “Agenda for Growth”, supporting the target of increasing intra-Commonwealth trade to US$1 trillion by 2020.
Trade statistics
In 2015, UK exports of goods and services to the Commonwealth were £47.4 billion (9.2% of total UK exports).
In the same year, UK imports from the Commonwealth were £45.5 billion (8.3% of total UK imports).
UK exports to the Commonwealth peaked at £54.7 billion in 2011 before falling to £47.4 billion in 2015.
UK imports from the Commonwealth peaked at £52.0 billion in 2011 before falling to £45.5 billion in 2015.
The UK’s trade is heavily focussed on a small number of 51 Commonwealth countries – Australia, Canada, India, Singapore and South Africa accounted for 70% of UK exports to Commonwealth countries and 65% of UK imports from the Commonwealth in 2015.
Documents to download
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Promoting trade with the Commonwealth (209 KB, PDF)
Related posts
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This note gives some key statistics on UK-Commonwealth trade.
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International Inflation: Harmonised Index of Comsumer Prices data on international inflation rates.
