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In fact exports from the Channel Islands account for a very small percentage of the CD/DVD market". Significant lobbying by UK retailers affected by LVCR was reported widely on the BBC in 2011. In 2011 the UK Treasury announced that from 1 April 2012, LVCR would no longer apply to goods imported from the Channel Islands.
The economy of Jersey is a highly developed social market [8] economy. It is largely driven by international financial services and legal services, which accounted for 39.5% of total GVA in 2019, a 4% increase on 2018. [9] Jersey is considered to be an offshore financial centre. [10]
The United Kingdom–Crown Dependencies Customs Union ( UK-CD Customs Union) or customs arrangements with the Crown Dependencies is a customs union that covers the British Islands. [4] [d] On 1 January 2021, the United Kingdom extended its membership of the World Trade Organization (WTO) to the Channel Islands. [6] [7] [8]
The Crown Dependencies [c] are three offshore island territories in the British Islands that are self-governing possessions of the British Crown: the Bailiwick of Guernsey and the Bailiwick of Jersey, both located in the English Channel and together known as the Channel Islands, and the Isle of Man in the Irish Sea between Great Britain and Ireland.
The Channel Islands [note 1] are an archipelago in the English Channel, off the French coast of Normandy. They are divided into two Crown Dependencies: the Bailiwick of Jersey, which is the largest of the islands; and the Bailiwick of Guernsey, consisting of Guernsey, Alderney, Sark, Herm and some smaller islands.
Jersey and the other Channel Islands, have never been part of the EU, nor associate members. When the UK acceded to the EU in 1973, Jersey became a Community Territory (and later a member state territory). Jersey was part of the EU customs union and had free movement of goods and trade between the island and the EU. Jersey did not appear on the ...
Jersey ( / ˈdʒɜːrzi / JUR-zee; Jèrriais: Jèrri [ʒɛri] ), officially known as the Bailiwick of Jersey, [d] [12] [13] [14] is an island country in Northwestern Europe and self-governing British Crown Dependency near the coast of north-west France. [15] [16] [17] It is the largest of the Channel Islands and is 14 miles (23 km) from the ...
One of the favourable trade deals with England was the ability to import wool (England needing an export market but was at war with most of Europe). [ 17 ] : 108 The production of knitwear in the island reached such a scale that it threatened the island's ability to produce its own food, so laws were passed regulating who could knit with whom ...