Free trade agreement is not a panacea

Many businesses are being told by the government to prepare for an Australia style model trading arrangement after the apparent stalemate in the ninth round of UK-EU of trade talks (as was the case at the time of writing). While this moniker is likely to be designed to appear more palpable to the UK public it demonstrates the persistence with simplistic messages that are unfortunately undermining the valid and valuable questions raised by traders and advisers alike.

 

The preparations and negotiations surrounding the UK’s exit from the transition period revolves around guidance published by the UK government advising UK and EU traders how to import and export goods. Chief of these is the border operating model document (tinyurl.com/govborderopm) which was again recently amended to clarify and add much needed expansion on various points and the customs treatment of some ...

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