UK and EU Agree to Maintain Common Transition Convention Even if No Deal

The UK has negotiated an agreement to stay in the Common Transit Convention (CTC) even if there is no Brexit deal between the two sides. This means that goods can continue to be transported freely between the UK and the EEA with customs declarations and import duties only being paid when the goods arrive at their final destination. It is particularly important for the Republic of Ireland which transports the majority of its exports to the EU across the UK “land bridge”. More evidence that sensible contingency deals will be signed in a “managed no deal” scenario…

mdi-timer December 17 2018 @ 16:48 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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