Home News Economics Britain is ready to remain in its customs union after 2021

Britain is ready to remain in its customs union after 2021

25
0
Britain customs union

Share This On Social

Britain is ready to remain in its customs union after 2021. This week, the leading British government ministers working on Brexit’s strategy have agreed to a new plan to avoid a physical border with Ireland after rejecting previous EU proposals.
Britain plans to leave the EU in March next year, but has secured a transitional arrangement that keeps its trade relations with the EU unchanged by the end of 2020, as long as a final agreement is reached in the coming months.
The British Prime Minister Theresa May said Britain would leave the customs union, allowing the country to enter into trade agreements with other countries. However, its ministers are divided on what kind of customs system the EU is looking for in London.
At yesterday’s meeting, the ministers agreed that Britain should try to stay in the customs union if the border control technology provided in one of the government’s proposals is not ready in time for 2021. The officials have warned it could be delayed until 2023.
Theresa May’s spokesman refused to comment on the information.
On Monday, the EU Chief Negotiator Michel Barnier said that since March, no significant progress has been made on the Brexit talks. May wants to clarify plans ahead of the EU summit in June and make an agreement on Britain’s new relationship with the EU in October.