Britain will not rule out the possibility that the European Union may retain oversight of customs controls at UK borders after it leaves the bloc, as the country seeks ways to keep unhindered access to EU markets following Brexit.
Last week, the UK published a policy document proposing two possible models for British-EU customs arrangements after withdrawal from the EU in 2019.
The first model was a "highly streamlined customs arrangement" which involved the re-introduction of a customs border but which envisaged electronic tracking of shipments, rather than physical checks of goods and documents at the border.
An alternative proposal was the "new customs partnership" which would remove the need for a UK-EU customs border altogether.
Under this model, the UK would operate as if it was still part of the bloc for customs purposes. British goods would be exported tariff-free and Britain would levy EU tariffs on goods coming into the UK for onward passage to the EU directly or as components in UK export goods.
Reference: Reuters
Read More: http://www.reuters.com/
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