The United Kingdom has entered into a customs agreement with the United States. The agreement, which contains agreements on customs procedures, makes it possible for the two countries to continue to trade freely with each other.
British Chancellor of the Exchequer Jesse Norman describes the agreement as an important agreement that will ensure continuity after Brexit. According to him, the agreement shows the strength of cooperation between US and British customs.
“This agreement will allow us to continue working together to combat customs offenses through the exchange of information and experiences. It also provides a legal basis for arrangements to facilitate trade flows to importers and exporters,” Norman said.
The agreement is not the same as the free trade agreement. The British still want a free trade agreement with the United States, but for now they are focusing on talks with the European Union about the Brexit deal.
Although last week it appeared that the negotiations between the UK and the EU would end without a deal, it now appears that there is a more positive wind around the negotiations.
Improvement: In a previous version of this article, we wrote that it was a trade agreement. This was later adapted to Customs agreement.