uk to seek temporary customs union after brexit
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

To EU-UK trade in goods

UK to seek 'temporary customs union' after Brexit

Egypt Today, egypt today

Egypt Today, egypt today UK to seek 'temporary customs union' after Brexit

Temporary customs union
London - Egypt Today

Britain said Tuesday that it would seek a "temporary customs union" with the European Union after Brexit, in an opening gambit for trade negotiations that received a cool response from Brussels.
The government proposed to continue for around two years the kind of tariff-free arrangements that apply now to EU-UK trade in goods, to give businesses more time to adapt to new post-Brexit systems.
But unlike under the current customs union, London said it wanted to be able to negotiate free trade agreements with non-EU countries during the interim period, which would then be implemented afterwards.
Brexit minister David Davis told BBC radio it was "sensible" to have a "shortish period in which we maintain the current arrangements", lasting "something like two years".
The proposal was welcomed by the Confederation of British Industry, Britain's big business lobby group, but critics dismissed it as "fantasy".
Britain has said it will leave the EU customs union and single market -- its largest trading partner -- when it leaves the bloc in March 2019, but wants trade to continue as smoothly as possible.
The European Commission, the EU's executive arm, said Tuesday that it would "take note" of the proposals, but warned: "'Frictionless trade' is not possible outside the single market and customs union."
- 'Red tape bombshell' -
Experts have said it will be extremely difficult, if not impossible, to negotiate a new EU-UK trade agreement before Britain leaves the bloc, raising fears of a damaging "cliff edge".
"One possible approach would be a temporary customs union between the UK and the EU," the Brexit ministry said in a statement, as it published a policy paper on future trading relations.
The CBI's deputy director Josh Hardie said the proposal was "encouraging", adding: "The clock is ticking and what matters now is giving companies the confidence to continue investing as quickly as possible."
The policy paper set out Britain's first proposals for the future customs arrangements with the EU, including one option to streamline and simplify administrative processes for the movement of goods.
This could be similar to an arrangement between Australia and New Zealand, though the paper admitted this would see "an increase in administration compared with being inside the EU customs union".
An "innovative and untested" alternative could be a new customs partnership in which Britain adopts the EU's external customs border to allow for free EU-UK trade, but applies its own tariffs for goods from third countries destined only for Britain.
"One of the options is basically deep cooperation, and the other seems to me like continuing within the customs union but without calling it the customs union," said Professor Alan Winters, director of the UK Trade Policy Observatory at the University of Sussex.
He described the proposals as "vague and aspirational" -- a view echoed by John Springford, director of research at the Centre for European Reform think tank, who accused the government of "constructive ambiguity".
Opposition Labour lawmaker Chuka Umunna, a prominent pro-European, said the government's plan was "a fantasy" -- a position echoed by Guy Verhofstadt, the European Parliament's outspoken Brexit negotiator.
"They might promise frictionless trade, but they are offering a red tape bombshell for British business," Umunna said in a statement.
- Unacceptable to Brexit voters -
A third round of Brexit negotiations is due to begin at the end of August, focused on Britain's financial settlement, expatriate rights, and the border between British-controlled Northern Ireland and Ireland.
London argues that customs arrangements are crucial to resolving the Irish border issue, but Brussels insists that trade talks cannot begin until there is broad agreement on the other issues.
"The quicker UK & EU 27 agree on citizens, settling accounts and Ireland, the quicker we can discuss customs and future relationship," EU chief negotiator Michel Barnier said on Twitter on Tuesday.
Leading Brexit campaigner Nigel Farage warned the proposal of the transitional deal was effectively a continuation of Britain's EU membership.
He predicted it would see continued free migration, jurisdiction of the European Court of Justice and British payments into the bloc.
"None of those three things are acceptable to Brexit voters in any way at all," he told the BBC.

egypttoday
egypttoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

uk to seek temporary customs union after brexit uk to seek temporary customs union after brexit



GMT 10:24 2016 Wednesday ,23 March

cartoon fifteen

GMT 14:59 2017 Tuesday ,14 March

US to keep AAA-rating after debt ceiling

GMT 11:28 2011 Thursday ,14 July

Green energy bullish

GMT 17:07 2012 Friday ,23 November

Police accused in protest deaths acquitted in Egypt

GMT 00:21 2017 Wednesday ,11 January

Iran to start gas exports to Iraq once payments made

GMT 13:50 2017 Wednesday ,11 January

‘Queen’ of fashion, Rania, Amal bag top mag

GMT 13:07 2014 Wednesday ,12 November

Chris Brown and Trey Songz announce concert tour

GMT 15:00 2017 Tuesday ,12 December

'New sense of optimism' in Brexit talks

GMT 14:21 2011 Wednesday ,03 August

Al-Jazeera rolls into US

GMT 13:14 2011 Wednesday ,14 December

Fitness boost for Richards

GMT 18:43 2012 Wednesday ,30 May

Ideas to shame a rapist

GMT 09:03 2017 Thursday ,29 June

Man gets jail for paid sex with other men in Dubai

GMT 05:27 2017 Saturday ,11 March

EU, ASEAN to put free-trade pact back on agenda

GMT 07:25 2017 Thursday ,07 December

Bitcoin charges through $14,000

GMT 07:15 2017 Wednesday ,29 November

Brazil's economy,shifting political landscape

GMT 09:24 2018 Wednesday ,12 December

LuLu supports KFUPM Rectors Cup marathon

GMT 15:46 2012 Tuesday ,20 November

UK will support Syrian rebel group against Assad

GMT 07:22 2011 Sunday ,07 August

Somali Shebaab rebels abandon Mogadishu positions
 
 Egypt Today Facebook,egypt today facebook  Egypt Today Twitter,egypt today twitter Egypt Today Rss,egypt today rss  Egypt Today Youtube,egypt today youtube  Egypt Today Youtube,egypt today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

egypttoday egypttoday egypttoday egypttoday
egypttoday egypttoday egypttoday
egypttoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
egypttoday, Egypttoday, Egypttoday