May wants 'end state' customs plan up and running by end 2021
Reuters
Published Jun 07, 2018 23:13
May wants 'end state' customs plan up and running by end 2021
CANADIAN FORCES BASE BAGOTVILLE, Quebec (Reuters) - Britain expects to have a permanent solution on post-Brexit customs arrangements in place by the end of 2021 at the latest, and it does not want to use the backstop arrangement it has proposed to Brussels in case of delays, Prime Minister Theresa May said on Thursday.
"We expect that that end-state customs agreement will, at the latest, be in by December 2021, and we’ll be working to make sure that it is in earlier than that," May told reporters on her way to the G7 summit in Canada. When asked twice if she could guarantee that outcome, she did not directly reply.
May wants the permanent solution ready by the end of December 2020, but earlier on Thursday she proposed a one-year backstop arrangement in case of technical difficulties in setting up a new system. Neither the new system nor the backstop have been agreed yet by Brussels.
Get The App
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.