The PEM convention would reduce exporters’ post-Brexit difficulties with supply chains

https://archive.is/HjHUk

The UK announced it was considering whether to join the Pan-Euro-Mediterranean (PEM) convention as part of its new trade strategy published last week, arguing it could help boost the UK’s flagging goods exports. However, the European Commission has made clear to the UK that it would not currently support such a move, according to four people familiar with discussions

  • atro_city@fedia.io
    252·
    3 days ago

    EU officials familiar with the discussion said the Commission had decided that the UK joining PEM was not currently in the EU’s interests, because it would increase the risk of products unfairly qualifying for low-tariff access to the bloc.

    Makes sense