UK will seek customs deal as “frictionless” as possible – Brexit minister

UK will seek customs deal as “frictionless” as possible – Brexit minister

January 18, 2017

Reuters on Wednesday posted a video showing David Davis, the United Kingdom’s (UK) Brexit minister stating the necessity of creating a “deal which makes the United Kingdom a global trader”. In this statement, Davis also mentioned the importance of retaining a strategic partnership with Europe. To this end, Minister Davis stated the importance of forging a customs deal that makes trade between Europe and the UK as “frictionless as possible”.

Last year, trade between the UK and the EU totaled roughly 44% of Britain’s total exports in goods and services, which is equal to £220 billion. Retaining a good customs relationship between the two nations is in both Europe’s and the UK’s economic interest.