UK Trade with EU

Department for Exiting the European Union written question – answered on 5th February 2018.

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Photo of The Earl of Kinnoull The Earl of Kinnoull Crossbench

To ask Her Majesty's Government whether, as part of their Brexit negotiating strategy, they are seeking to ensure that during the transition period following the UK’s withdrawal from the EU all current trading terms will continue to apply for UK business trading with the EU27; and whether they intend to offer such reciprocal obligations on the UK as would be required to enable this to happen.

Photo of Lord Callanan Lord Callanan Minister of State (Department for Exiting the European Union)

We have proposed an implementation period, based on the existing structure of EU rules and regulations. During this period the UK’s and the EU’s access to each other’s markets will continue on current terms. It is in the interests of both the UK and the EU to agree the terms of this period as quickly as possible, in order to provide vital certainty to businesses and citizens. We are confident that there is broad agreement between the UK and EU positions on the implementation period, and that we will come to an agreement by March.

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