We fully recognise the importance of the UK’s machinery sector. The Government’s objective remains to secure trade with Europe that is tariff-free and as frictionless as possible in all sectors, including in heavy machinery. We will pursue an ambitious and comprehensive free trade agreement with the EU to achieve this. This includes zero tariffs on trade in goods and minimising the regulatory and market access barriers for both goods and services.
We will need to build a bridge from our exit to our future partnership, to allow business time to adjust, and to allow new systems to be put in place. Therefore we are proposing a time-limited implementation period where we continue to have access to one another’s markets on current terms. We expect this to last for a period of around two years. We are pressing to agree this as early as possible, so as to provide certainty but will of course be subject to ongoing negotiations.