UK Government releases 'Future Customs Arrangements: A Future Partnership Paper'

The UK Government releases a consultation paper on the future of customs agreements with the EU post-exit

Published on 16th August 2017

 

In the first of a series of papers setting out the UK Government's thinking on the future relationship with the EU post-exit, a discussion and consultation paper on the issue of customs and free trade was released on 15th August.

 

In the paper, the Government acknowledges that the UK will leave the EU Customs Union which controls tariffs on imported goods. The goals of any agreement, according to the Government, will be to:

 

  • Ensure UK-EU trade is as frictionless as possible
  • Avoid a 'hard border' between Ireland/Northern Ireland
  • Establish an international trade policy

 

To achieve these objectives the paper suggests two possible approaches:

  • A streamlined customs arrangement between UK-EU, or
  • A new customs partnership

 

Mention is also made of an ideal interim period for the implementation of new arrangements, to avoid a 'cliff-edge' uncertain trade landscape for businesses following the EU Exit. 

 

During preparations for the paper, the Government worked in consultation with businesses across industries to understand their key issues, and will follow this initial statement with a Customs White Paper in the coming months. To read the full paper, click on the link below.

 

The Chamber will continue to communicate the EU Exit proposals and plans as they unfold over the coming months and encourage our member companies in Singapore to contact us with their comments and concerns, which we will in turn communicate on behalf of the wider Chamber network. 

 

CLICK TO READ THE HM GOVERNMENT FUTURE CUSTOMS ARRANGEMENTS PARTNERSHIP PAPER

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