In the event of a Brexit hard, London will remove 87% of the customs duties

The Uk will reduce drastically its customs duties in the event of a Brexit, without agreement and will not proceed to customs controls at its border with Irelan

In the event of a Brexit hard, London will remove 87% of the customs duties

The Uk will reduce drastically its customs duties in the event of a Brexit, without agreement and will not proceed to customs controls at its border with Ireland to avoid a physical border, announced on Wednesday the british government. In this new customs regime, which will come into force in the evening of march 29 in the absence of a divorce agreement with the european Union or of the postponement of the Brexit, 87% of the imports are not subject to customs duties. It would be put in place for a period of up to twelve months, pending the establishment of a customs regime permanent. "If we leave (the EU) without the consent, we will delete the majority of our customs, now for some of the industries that are most susceptible," said at a press-the secretary of State for trade policy, George Hollingbery.

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"This balanced approach will support jobs in the british and avoid a potential price spike, which would affect severely the households", he added. The customs duties on certain productions of food, including beef, lamb, pork, poultry and some dairy products, would be reduced in most cases, but would not be deleted, to protect the british producers. Concerning the automotive sector, the government has announced that the manufacturers "would not be subject to additional customs duty on parts imported from the EU in order to avoid any disruption in the supply chains".

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This new regime would not apply to imports from countries with which the Uk has already concluded a free trade agreement, as well as approximately 70 developing countries that have preferential access to the british market. As for the border, northern irish, no customs duty or customs control should be applied. "We recognize that this approach presents challenges, including the flow of goods is not monitored in the United Kingdom, and of potential misuse", the government said in a press release. London says he is ready to "begin urgent discussions" with the european Commission and the irish government on the subject.

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Date Of Update: 15 March 2019, 00:00
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