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The uk government pushes for a Frictionless Trade Deal to help ease its transition towards a post brexit future. Putting america first. Donald trump calls for an investigation into whether china is stealing Intellectual Property from american companies. Welcome to World Business report. Im ben bland. The british Prime Minister theresa may has this morning, published a blueprint for Future Trade Relations between the uk and the european union. In the first of a series of brexit papers, the government suggested creating an interim period of trade, saying one possible approach would be a temporary Customs Union between the uk and the eu. That means they would continue applying the same tariffs to goods from outside the union which can then move between them without more tariffs being added. The governments Brexit Committee hopes a time limited transition period will give importers and exporters enough time to adjust to the realities of brexit. In a bid to create what it calls a seamless a
Celebrations marking the 70 anniversary of the countrys independence from britain. Singer taylor swift wins her Sexual Assault case against a former radio dj. Good morning. It is tuesday, the 15th of august. Welcome to bbc newsroom alive. The Brexit Secretary has confirmed that the government wa nts to has confirmed that the government wants to negotiate a temporary Customs Relationship with the eu for when the uk leaves, similar to current arrangements. The Eu Commission has welcomed the proposals, but Opposition Parties here save the document lacks detail. Britain would also seek to be allowed to negotiate trade deals with countries outside the eu. Although members of the Eus Customs Union are barred from striking such agreements. Adam fleming explains. Under the Customs Union, the eu has one external border for the import of goods from abroad. If import taxes, known as tariffs, are paid, they are paid when that product enters this area. It can then move around between countries with
The uk government says therell be no return to a hard border with ireland. A trillion dollar problem. Later today, the us, canada and mexico will sit down to renegotiate the nafta free trade agreement. Welcome to World Business report. Im ben bland. The British Government has unveiled its second brexit position paper, ahead of the third round of negotiations planned in brussels at the end of this month. This time, its about minimising disruption at the irish border. Under one option the government has proposed, thered be no Customs Border at all between the uk and ireland. This would enable goods to flow freely between Northern Ireland and ireland. mix screen 2 the paper also highlights protecting the paper also highlights protecting the Common Travel Area and associated rights for uk and irish citizens. Thanks to the current arrangement, people can move freely between Northern Ireland, the republic and the rest of the uk without passport checks. The centre for cross border studies est