UK welcomes the Ottawa Group’s trade and health initiative

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By Caribbean News Global Caribbean News Global fav UK welcomes the Ottawa Group’s trade and health initiative

ENGLAND/CANADA – Challenged with coronavirus, the biggest threat the UK has faced in decades and its devastating impact, the department for international trade announced its engagement with countries bilaterally, and through multilateral institutions, “will aim to strengthen global supply chains and remove barriers to trade.”

A statement from the international trade secretary Liz Truss welcomed the Ottawa Group’s trade and health initiative.

“Coronavirus has shown us the importance of keeping trade flowing and building diverse supply chains that are robust in a crisis. As we take every step to combat this virus, I am delighted to announce the UK’s support for the Ottawa Group’s Trade and Health Initiative at the WTO.

“My department has worked tirelessly to reduce barriers to trade and support businesses in the UK and overseas to navigate the crisis as well as help source over 30 billion items of PPE and medical equipment, including thousands of ventilators from across the globe to be shipped and delivered to the front line. The UK is committed to removing tariffs and avoiding the use of export restrictions on Covid-critical products and will use the G7 presidency next year to create a global approach to health security.”

A statement from Department for International Trade said: “We support the Ottawa Group’s Trade and Health Initiative at the World Trade Organisation General Council and stand ready to work with all international partners to continue the flow of essential goods in tackling the COVID-19 pandemic.

“This includes measures already implemented by the UK, such as:

  1. Tariff suspensions: From January 1, 2021, almost all pharmaceuticals and most medical devices (including ventilators) will enter the UK tariff free. That includes gloves, protective equipment, thermometers and other COVID-critical products. Vaccines will also be able to enter the UK tariff free.
  2. Limiting the use of export restrictions: avoiding the use of any export restrictions that address shortages of supply, unless necessary and if so, applying them in a transparent, proportional and time-limited way. More information can be found here.”

“These measures build on the statement of the G20 trade and investment ministers in May and come after the speech made by the prime minister at the United Nations General Assembly, where he announced the UK will cancel tariffs and avoid the use of export restrictions on many essential medical products such as gloves, protective equipment, thermometers and other COVID-critical products.”

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