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Brexit trade deal confidence 'fast collapsing', says freight body

Brexit trade deal confidence 'fast collapsing', says freight body

The "backstop" commitment to which Theresa May signed on to in December 2017 meant that N. Ireland would retain membership of the Single Market and the Customs Union for as long as there was no final agreement.

Asked about the potential impact of the government failing to secure a Brexit deal, he said: "If we move to WTO (World Trade Organisation) rules that would definitely require customs declarations and so it would be similar types of costs".

British and European businesses are sounding increasingly urgent warnings about the economic damage the U.K.'s exit from the European Union could cause, as the U.K.'s two biggest political parties acknowledged Wednesday that they remain deeply divided over post-Brexit trade and customs arrangements.

But Mr Barnier said the proposal raised a number of relevant and hard issues. "The temporary backstop is not in line with what we want or what Ireland or Northern Ireland need".

This will see the UK retain parts of the EU's customs union in the event of a wider UK-EU agreement finding no solution to the issue; but Brexiteers had become concerned as to whether the proposal would truly be "time-limited", as promised.

The Dutch government is warning businesses that Dutch products made using British parts and exported outside the European Union could fall outside free trade agreements Europe has made with other parts of the world, and therefore be subject to tariffs.

"We are not going to be intimidated by this form of blame game", Barnier told a press conference in Brussels.

Philippe Coutinho tips Mohamed Salah, Neymar to shine at World Cup
After the match, Ronaldo stole the limelight by fueling speculation over his future, saying: "It was very nice to be in Madrid. Meanwhile, the forward will miss Portugal's warm-up game against Belgium, as they prepare for the upcoming tournament.

Leading up to the publication of the UK document, there had been speculation that the UK Brexit negotiator, David Davis, was ready to quit unless the UK backstop proposal was truly time limited.

It said that "the Commission's proposals did not achieve this, which is why we have put forward our own backstop solutions for customs", and that Barnier himself has acknowledged that discussions will continue on the British proposal.

"A backstop that is temporary is not a backstop, unless the definitive arrangement is the same as the backstop", he added.

The survey also found that 28 percent of respondents who previously wanted Northern Ireland to remain a part of Britain had changed their mind and now wanted to join with Ireland following the 2016 Brexit referendum.

It would be used if a permanent customs deal is not in place at the end of the 21-month Brexit transition period, with the aim of avoiding a hard Irish border. Members of the customs union can not negotiate their own trade deals with non-members, meaning that leaving the EU heralds the biggest shake-up in British trade for decades.

The divisions on the backstop initiative emerged after Mr Davis was believed to be insisting the United Kingdom should be able to unilaterally withdraw from any border agreement in order to maintain leverage with Brussels in ongoing negotiations.

Barnier stressed he was not dismissing the British customs proposal, despite enumerating a series of technical questions which he said European Union negotiators would be raising with London.


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