The UK Said That They Would Live According To The WTO Rules After Brexit
The UK will adhere to the rules of the World Trade Organization (WTO) when allocating subsidies to various sectors of its economy, the British government said in a statement published on its official website on September 9.
"When allocating subsidies, the UK will follow the rules of the world trade organization (WTO) and other international agreements that replace EU laws from January 1," the report said. However, instructions based on these rules should be published by the end of 2020.
"From January 1, the UK will no longer be bound by EU requirements and will be able to develop its subsidy regime that will work for the British economy," the document emphasizes. At the same time, it's worth noting that Scottish firms will not be deprived of subsidies in comparison with English ones and Vice versa.
It's worth noting that the plan will operate alongside a new bill currently under consideration in Parliament, which is designed to protect jobs and trade across the UK at the end of the transition period.