Customs Union and Single Market Explained
With the EU agreeing Theresa May’s Brexit deal and Cabinet members and MPs rebelling against the ‘soft’ withdrawal agreement. The words ‘single customs union’ and ‘single market’ have come into the conversation again.
Below we explain the differences between the two:
The UK exports 45% of its goods to the EU, and withdrawing could cause the UK to face tariffs or restrictions when it trades with the EU member states.
Within the market, goods, services and people are allowed to move freely from country to country.
Single market rules state that people from EU member countries can move freely between each member state.
Ensure compliance, resolve difficulties, manage efficiencies and reduce duty.
CFSP Bureau Services
Customs Freight Simplified Procedures, a simplified electronic paperless gateway.
Specialist Customs Regimes
Compliance and assistance for the many specialist Customs regimes.
UK prime minister - Theresa May – has confirmed her resignation today following months of turmoil over Brexit. She confirmed she will quit as leader of the conservatives on 7th June and remain as prime minister until a new leader is elected.In today’s statement, she...
According to latest news, the cross party Brexit talks between the Conservative and Labour parties have failed to find a compromise and are now set to end without an agreement in place.Leaving the EU with a Customs Union agreement seems to have been central to the...
According to recent reports, cross party talks are progressing as a means of resolving the Brexit issue, which suggests we may be moving towards a scenario where the UK remains in the Customs Union.While it has been suggested that a high number of Tory MP's won't vote...