LABOR HAS BEEN URGED TO USE BREEXIT FREEDOMS to Scrap EU Rules That Are Hiking Prices for Britons.
A New Report Warns Consumers are paying to much for products like Electronic, Cosmetics, Books and Cloting.
The import regulations prevent the uk from accessing cheper, branded goods from outside of the bloc.
The paper by the institute for economic affairs free market ther Tank Argues that axing them could be cut the costs for consumers and save the NHS hundreds of millions of mills.
Co-author and IEA public police folow Matthew LESH Said: “Brits have been paying far too much for Levi's Jeans, Chanel No. 5 And iPhones for Too Long.
“Outdated imports act as an artificial tax, inflating prices and boosting corporate profits at our expense.
“Now, after Brexit, it makes to get to the welcome imports from the EU when blocking them from ElseWhere.
“It is high time we like the playing field, let counter work for us, and put money back in People's Pockets.”
Parallel important restrictions prevent the import of genuine, branded gouds without the consent of the intellectual property right.
Martin Howe, Report Co-Author and Leading Intellectual Property Barrister, Added: “Trade marks are meant to allow brand overners to stop deception or confusion.
“But an eu rule we still haven is reformed five years after leaving lets brand overseas use to keep them on the genuine goods from the uk market from the rest of the World.
“This allows multinations to overcharge uk consumers compared with elseWhere and we should not have our intellectual property laws to be used to suppress a freely commented.
The Previous Tory Government consuled on the regime in 2021 But Did Not Make a Final Decision Before the General Election.
A Government Spokesman Said: “Parallel Importation Laws Can Play an Important Role for Many Business Sectors, as part of a balanced and stable iP framework.
“Our Current Exhaustion of IP Rights Regime Enables IP-Protected Goods to Be Parallel Imported from the European Economic Area.
“We are considering what the uk's Future Exhaustion Regime Should be. And if there is to be a change, how any change should be impressed. “
“We understand that businesses are for an update on this matter and announcement will be made in due course.”