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.
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