These charges are now likely to be avoided which the SMMT claimed will help protect jobs in the industry.
However, the SMMT warned the deal does not deliver on cumulation with trading partners such as Japan, South Korea and Turkey while still offering technical barriers to trade .
They said the arrangement will lead to “increased administration” and the possibility of friction at the border as the UK leaves the single market.
The SMMT warned the automotive industry was worth up to 10 percent of the country’s GDP with every £1 generated by the sector contributing £3 to the UK economy.
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