{"id":84619,"date":"2018-07-07T00:57:37","date_gmt":"2018-07-07T00:57:37","guid":{"rendered":"http:\/\/www.bnreport.com\/trade-deal-with-us-possible-under-brexit-customs-plan-says-uk-minister\/"},"modified":"2018-07-07T00:57:37","modified_gmt":"2018-07-07T00:57:37","slug":"trade-deal-with-us-possible-under-brexit-customs-plan-says-uk-minister","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/trade-deal-with-us-possible-under-brexit-customs-plan-says-uk-minister\/","title":{"rendered":"Trade deal with US possible under Brexit customs plan, says UK minister"},"content":{"rendered":"

The U.K. will \u201ccategorically\u201d be able to strike a trade deal with the U.S. and other countries under the post-Brexit customs plan that Theresa May will present to ministers Friday, according to one of her most trusted lieutenants.<\/p>\n

Speaking to the BBCs Today program, Cabinet Office Minister David Lidington said<\/a> that \u201cpretty selective leaks of gobbits from Cabinet papers\u201d in the past 24 hours are \u201cmisleading\u201d and \u201cnot accurate.\u201d<\/p>\n

\u201cI can give you very clear reassurance on [future trade with the U.S.],\u201d he said. \u201cIt is categorically not the case that we would be unable to strike a trade deal with the U.S. or any other country.\u201d<\/p>\n

\u201cWe will have our own seat at the [World Trade Organization]. Our own voice there. Well be able to set our own tariffs. Well be able to set our own trade remedies \u2026 our own anti-dumping measures,\u201d he added.<\/p>\n

Under Mays compromise customs plan, for which she intends to win Cabinet backing at an all-day meeting<\/a> Friday, the U.K. will move to what officials call a \u201cfacilitated customs arrangement\u201d with the EU. This would entail the U.K. continuing to levy EU tariffs at its borders, but then using technology and \u201ctrusted trader\u201d schemes to track goods on their journey through supply chains and to market. Britain would also remain aligned to the EU for certain categories of goods.<\/p>\n

It is this close alignment that has raised objections from Brexiteers, who say it will not allow the U.K. to take full advantage of its break from Brussels. They favor a Canada-style trade deal that would allow for more flexibility.<\/p>\n

But Lidington said that is not on the table. \u201cThe problem with that model is that that would require a hard border with customs checks on the island of Ireland,\u201d he said.<\/p>\n

He said the prime minister intends to deliver on the result of the referendum, but, \u201cwe need to do that in a way that minimizes the disruption to British jobs, British trade and investment in this country.\u201d<\/p>\n

Read this next: Scott Pruitt resigns as US environment chief<\/a><\/em><\/h2>\n","protected":false},"excerpt":{"rendered":"

The U.K. will \u201ccategorically\u201d be able to strike a trade deal with the U.S. and other countries under..<\/p>\n","protected":false},"author":1,"featured_media":84620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-84619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nTrade deal with US possible under Brexit customs plan, says UK minister - Business News Report<\/title>\n<meta name=\"description\" content=\"The U.K. will \u201ccategorically\u201d be able to strike a trade deal with the U.S. and other countries under..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/trade-deal-with-us-possible-under-brexit-customs-plan-says-uk-minister\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade deal with US possible under Brexit customs plan, says UK minister - 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