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Theresa May plans tech-based customs to decide post-Brexit tariffs

It is not clear whether either ministers or the EU will support May's customs plan, under which Britain would need to closely mirror EU regulations on goods

Reuters  |  London 

United Kingdom Prime Minister Theresa May has set out terms of a customs plan that would allow Britain the freedom to set its own tariffs on goods coming into the country after it leaves the European Union, the BBC reported on Thursday. Under the new "facilitated customs arrangement", Britain would use technology to determine beforehand whether goods entering the country would ultimately end up in the UK or the EU, and therefore which tariff should be paid, the broadcaster said. London and Brussels have yet to agree what sort of trading relationship they will have after ...

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First Published: Thu, July 05 2018. 15:13 IST