No Result
View All Result
  • Login
Thursday, August 18, 2022
Afternoon Voice
SUBSCRIBE
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics
No Result
View All Result
Afternoon Voice
No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
  • Sports
  • Editorial
  • Opinion
  • Epaper
  • More

Home > Uncategorized > May to present new post-Brexit EU trade plan to cabinet

May to present new post-Brexit EU trade plan to cabinet

afternoonvoice@gmail.com' by Afternoon Voice
July 5, 2018
in Uncategorized
A A
0

British Prime Minister Theresa May will present a new plan to facilitate post-Brexit trade with the EU to cabinet, aides said today, the day before the key meeting.

But the customs plan immediately ran into trouble, with Brexit Secretary David Davis reportedly telling the prime minister the proposal was “unworkable” and would not be accepted by the EU.

Details of the new so-called “facilitated customs arrangement” are still lacking, but it includes elements from two existing customs plans — both of which have been rejected by Brussels.

“It is the best of both worlds — it allows for frictionless trade with the EU and the freedom to set our own tariffs,” a government source said.

In the meeting tomorrow, May will seek to finally unite her divided ministers behind a post-Brexit trade plan after two years of balancing factions in her Conservative party.

One previous “maximum facilitation” option would see technology and trusted trader schemes used to reduce the need for border checks on goods travelling between the EU and Britain.

Under an alternative “customs partnership” model, Britain would agree to collect EU tariffs on goods coming in from outside the bloc, meaning its own goods could pass freely to the EU.

But to allow Britain to strike its own trade deals with non-EU countries, involving lower duties, goods coming in destined only for Britain would be given a refund.

The source said the new plan would use technology and trusted trader schemes to determine where the goods ended up and charge them the right duties.

On regulations, which would also need to be standardised to avoid border checks, it is believed that Britain would mirror the EU’s rules on goods. However, the source said that any new EU rules would not be adopted automatically, but would need to be agreed by the British parliament.

Downing Street is reportedly confident the plan has the backing of businesses, but it has faced opposition from eurosceptics.

Former minister Owen Paterson said it would see Britain “remaining in the (EU’s) customs union in all but name”, and replicate elements of the single market — both institutions May has pledged to leave.

“We cannot deliver any of the economic benefits of Brexit without leaving the customs union cleanly and completely, freeing ourselves to forge our own trade relationships with friends and allies across the world,” Paterson said.

Tags: BrexitBritishTheresa May
afternoonvoice@gmail.com'

Afternoon Voice

Recommended For You

Nepal’s Foreign Minister wishes India on the occasion of 76th Independence day
Uncategorized

Nepal’s Foreign Minister wishes India on the occasion of 76th Independence day

August 15, 2022
Vinayak Mete
Uncategorized

Shiv Sangram Party leader Vinayak Mete passes at the age of 52

August 14, 2022
Women will be inducted in Maha Cabinet in next expansion: Fadnavis
Uncategorized

Women will be inducted in Maha Cabinet in next expansion: Fadnavis

August 9, 2022
Education Ministry holds meeting seeking inputs for new curriculam
Nation

Education Ministry holds meeting seeking inputs for new curriculam

August 9, 2022
Cong. MP A R Chaudhary apologies to President Murmu over ‘Rashtrapatni’ remark
Nation

Cong. MP A R Chaudhary apologies to President Murmu over ‘Rashtrapatni’ remark

July 29, 2022
War, Saudi Arabia, Yemen
Uncategorized

Southern Official states: Yemen truce extension likely but ‘war is coming’ again

July 29, 2022
ADVERTISEMENT

LATEST

Telangana Minister, K T Rama Rao urged PM to interfere Gujarat government’s decision over Bilkis Bano Case

Telangana Minister, K T Rama Rao urged PM to interfere Gujarat government’s decision over Bilkis Bano Case

August 17, 2022
Four labourers died in a lightning strike in Andhra Pradesh

Four labourers died in a lightning strike in Andhra Pradesh

August 17, 2022
KL Rahul feels great to come back to Zimbabwe as a captain

KL Rahul feels great to come back to Zimbabwe as a captain

August 17, 2022
Rahul Gandhi will follow the same strategy that the Opposition had adopted in the 2014 Lok Sabha elections

Rahul Gandhi will follow the same strategy that the Opposition had adopted in the 2014 Lok Sabha elections

August 17, 2022
Derailed

Express train got derailed in Maharashtra as it hits goods train

August 17, 2022
ADVERTISEMENT
Afternoon Voice

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Important Links

  • Disclaimer
  • Privacy Policy
  • About Us
  • Contact Us
  • Support Parallel Media

Follow Us

No Result
View All Result
  • Home
  • Top News
  • City News
  • Nation
  • World
  • Business
  • Entertainment
    • Bollywood
    • Hollywood
  • Sports
    • Cricket
    • Hockey
    • Tennis
    • Football
    • Badminton
  • Editorial
  • Opinion
    • Column
    • Diary
    • Letters
  • Epaper
  • More
    • Editor’s Pick
    • Featured
    • Lifestyle
    • Different Strokes
    • Multimedia
    • Sci-Tech
    • Politics

© 2022 Newsmakers Publications Pvt. Ltd. | All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?