11/26/2023 0 Comments Transition seamlessThat agreement must promote an economic and trading relationship that maintains and improves the mutually beneficial ties between the EU 27 and the UK: each of them being an economic and trade partner of paramount importance to the other. The transition period should last until the commencement of a long term EU-UK partnership agreement, the details of which must be known sufficiently in advance for businesses to adapt and implement any changes. This guarantee should be provided urgently if it is to enable industry to plan and invest appropriately for what takes place in March 2019. The group’s priority for customs is the guarantee of a seamless transition period after March 2019, which replicates the current commercial, regulatory and trading environment. Some of the biggest EU business and trade bodies, covering economic activities from raw materials and agriculture, transport and logistics to technology providers, financial services, veterinary services, wholesale and retail, strongly urge EU and UK negotiators to put legal certainty and predictability for business and trade at the top of their negotiating agenda. Brexit Transitional Period must be agreed as soon as possible to protect EU and UK competitiveness and ensure a frictionless customs and trade environment can be maintained, say top European businesses and trade bodies.
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