UK to Remain in EU Customs Union Until End of 2020
The United Kingdom will remain a part of the EU customs union during an "implementation period" that ends Dec. 31, 2020, the UK said in a draft agreement released March 19. The draft includes agreed upon language for "ongoing customs…
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procedures." Both sides also agree to allow the UK to "sign and ratify new trade deals with old friends" that "will come into force when the implementation period is over," said David Davis, secretary of state for exiting the EU, in a news release. While the transition language is an important step forward toward the UK's exit from the EU, some contentious issues remain. "Nothing is agreed until everything is agreed," Michel Barnier, the EU's chief negotiator, said in a statement.