LONDON, March 9 (Reuters) – The British government plans
to play a bigger role in tackling unfair trade practices, it
said on Thursday, reducing the role of an independent body set
up after Brexit to adjudicate trade disputes.
The Trade Remedies Authority (TRA) was established in 2021
to exercise Britain’s new powers to police trade and investigate
unfair practices after the country left the European Union.
But trade minister Kemi Badenoch announced new proposals on
Thursday to change how the system works.
“The proposals I am announcing today maintain the TRA’s
expert independent analytical and investigative role, while also
giving ministers greater power to look at wider public interest
considerations,” she said in a statement.
The new proposals come after a U-turn in the approach to the
dumping of Chinese reinforcement steel in Britain.
Last July, the TRA recommended that anti-dumping measures on
the reinforcing steel – known as HFP Rebar – should be dropped.
But earlier this month, after a lengthy reappraisal, it
decided the duties should be extended after all, a move welcomed
by ministers as protecting the steel industry from unfair
competition.
On Thursday, the government cited post-Brexit powers to
protect industries from Chinese dumping of steel as one of the
key areas where ministers would gain greater discretion, and the
proposed changes empower them to break with TRA recommendations.
Badenoch said the government would have the “flexibility to
make decisions that balance the interests of UK producers,
importers and consumers,” adding the changes would also allow
ministers “to apply an alternative remedy from that recommended
by the TRA.”
“This will only be where justified and in line with the
evidence provided,” she said.
The TRA said the announcement extended its remit to include
cases concerning bilateral safeguards under Britain’s new free
trade agreements.
“I welcome the fact that this Government review has
recognised the value the TRA holds as an independent body,” TRA
Chair Simon Walker said.
“We look forward to working closely with the Department for
Business and Trade to ensure our current and future users of
trade remedies understand the changes so they can be implemented
smoothly.”
(Reporting by Alistair Smout; Editing by Mark Potter and Hugh
Lawson)
