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Brexit: UK's Customs Union Decision Could Shape Future Trade Relations

SSRN Electronic Journal
The UK can do better than the EU’s Customs Union
Julian Jessop

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The UK has options for future customs arrangements after Brexit. Staying in the EU's customs union would keep trade smooth but limit UK's ability to make new trade deals. A new free trade agreement with the EU could minimize trade barriers. Extending the current customs union temporarily might be an option, but it's too early to decide on the best long-term solution.