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Sanctions


This subtopic provides an overview of sanctions. It is aimed at lawyers who need a high-level overview of the legal framework. This subtopic contains the following guidance:

  1. •

    Practice Note: The UK sanctions framework under SAMLA

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Latest International Trade News

DBT announces UK's official accession to CPTPP trade agreement

The Department for Business and Trade has announced that the UK has officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on 15 December 2024. This accession is expected to boost the UK economy by £2bn annually in the long run, with benefits estimated for all UK nations and regions. The agreement introduces lower tariffs and fewer barriers for UK businesses trading with CPTPP countries, establishes new free trade deals with Malaysia and Brunei, and implements modern 'rules of origin' provisions for key sectors. The DBT also highlights potential reductions in consumer goods prices and easier export of services for UK firms to CPTPP markets.

Weekly roundup of HMRC import, export and customs guidance—16 December 2024

Details of updates to HMRC import, export and customs guidance for the period from 10 to 16 December 2024.

WTO reports surge in trade restrictions amid growing global uncertainty

The World Trade Organization has released its annual trade monitoring report, revealing a significant increase in trade-restrictive measures. The WTO has reported that new trade restrictions introduced by members covered USD 887.7bn worth of trade, a substantial rise from the previous year's USD 337.1bn. Despite a parallel increase in trade-facilitating measures, the WTO has warned of a growing stockpile of import restrictions affecting 11.8% of world imports. The organisation has also noted a rise in export restrictions and trade remedy initiations, alongside emerging evidence of trade fragmentation linked to geopolitical tensions.

International Trade weekly highlights—12 December 2024

This week's edition of International Trade weekly highlights includes: the World Trade Organization (WTO) announcing Jordan's initiation of safeguard investigation, the EU and Mercosur creating a 700-million-people market with 'historic' trade agreement, the Council of the EU approving a fishing deal with the UK for shared stocks in 2025, the Trade Remedies Authority initiating a review of countervailing measure on Indonesian biodiesel, and a weekly roundup of HMRC import, export and customs guidance.

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