The proposal is contained in the Government's first "future partnership paper", published on Tuesday by the Department for Exiting the European Union (DExEU).
The plan is designed to keep the Cabinet united after disagreements over whether the UK should remain in the customs union.
It confirms the UK will ultimately leave the system but proposes a "temporary customs union between the UK and the EU" as a "possible approach" to getting a "smooth and orderly" transfer.
The customs union allows goods to travel across the EU free of tariffs and checks.
Remaining part of this system would restrict Britain's ability to sign independent trade deals with non-EU countries, with a common external tariff applied outside the zone.
Turkey already has its own customs union with the EU for industrialised goods, which enables participation in complex manufacturing supply chains.
No comments:
Post a Comment