Overseas Trade: Crown Dependencies

Treasury written question – answered on 1st May 2018.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (International Trade)

To ask Mr Chancellor of the Exchequer, pursuant to the oral contribution of the Financial Secretary to the Treasury and Paymaster General of 26 April 2018, on customs and borders, what estimate he has made of the financial contribution to trade (a) as an amount and (b) as a proportion of total UK overseas trade of trade conducted between the UK and a Crown Dependencies customs union in each year of the first five years after such a union is formally established.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The Crown Dependencies are currently part of the EU Customs Union, by virtue of the UK’s membership.

When the UK leaves the EU, the Crown Dependencies’ relationship with the EU will also change and they will leave the Customs Union alongside the UK.

The Government is working closely with the Crown Dependencies to maintain our trading relationships after EU exit.

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