United Kingdom stays within customs union EU until 2021
Until 31 December 2020, the United Kingdom will certainly remain part of the EU customs union. The countries remain part of the internal EU market until that date. An agreement was concluded this week.
Without the deal, the United Kingdom would no longer have been part of both the customs union and the internal market after 29 March 2019. Good news for entrepreneurs, because they can use the customs rules that apply between the UK and the EU until 2020. They have more time to prepare for any new rules that accompany the Brexit.
It also gives the Brexit negotiators more time to determine what the new regulations will look like. The rules apply throughout the United Kingdom, with the exception of Ireland-Northern Ireland. Transport Logistiek Nederland (TNL) states that it is satisfied with the agreement, but indicates that it is important that there is a clear understanding of what will happen after 2020.
Source: Logistics Profs