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 18:26 2018 Friday ,14 December

Mashrou’ Leila headline Apple event in Dubai

GMT 13:29 2018 Friday ,14 December

Turkey targets military over alleged Gulen links

GMT 14:29 2016 Tuesday ,20 December

Marc Anthony divorcing Venezuelan model wife

GMT 17:29 2018 Tuesday ,23 January

Bollywood star urges Davos set to fight sexism

GMT 15:56 2018 Sunday ,07 January

From obscurity to superstar status, Coutinho's rise

GMT 10:08 2017 Friday ,24 March

Brazil on brink, Messi revives Argentina

GMT 20:26 2011 Thursday ,25 August

The Shah: A poisonous legacy that haunts Iran

GMT 22:03 2017 Tuesday ,19 December

Marie Moatti leaves Hermès

GMT 07:46 2017 Thursday ,14 September

Al Shamri calls for supporting the banks

GMT 19:37 2017 Sunday ,02 April

Iraqi PM stresses government's quest for reform

GMT 07:58 2017 Monday ,20 November

Honda recalls 800,000 minivans over faulty seats

GMT 16:10 2018 Friday ,14 December

Bahrain press headlines For 14 Dec 2018

GMT 10:42 2018 Monday ,03 December

Abbas arrives in Rome to counteract Israeli policy

GMT 11:20 2018 Sunday ,07 October

Index begins week’s trading in decline

GMT 10:39 2017 Sunday ,20 August

Alexandria governor Mohamed Sultan in Shanghai

GMT 13:33 2013 Friday ,04 January

Skyfall gives the ‘Golden Eye’ to Oscar glory

GMT 16:30 2011 Sunday ,11 December

Jumeirah appointed to manage luxury Rome hotel

GMT 14:57 2011 Friday ,24 June

Michelle Obama visits AIDS clinic in Botswana

GMT 19:11 2011 Saturday ,16 April

Cuba to celebrate 50 years since Bay of Pigs

GMT 18:32 2017 Monday ,28 August

UAE CP receives Guinean president
 
 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