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The United Kingdom and the European Union have reached a new agreement aimed at easing trade friction, improving data sharing, and enhancing cooperation on defence and migration. The deal, announced on 19 May, includes a series of sector-specific arrangements but maintains the UK’s position outside the EU’s single market, customs union, and freedom of movement framework.
A key element of the agreement is a new sanitary and phytosanitary (SPS) arrangement designed to reduce red tape for food and drink exports and imports. The deal removes some routine checks on animal and plant products.
In a related move, the UK and EU will link their respective Emissions Trading Systems (ETS), a step that will prevent UK businesses from incurring the EU’s incoming carbon border tax.
British steel exporters will also benefit from a bespoke exemption from new EU tariffs and regulatory requirements.
The Road Haulage Association (RHA) stated that the new SPS area “promises to ease food import and export processes between the UK and EU by reducing costs and delays.”
Source: trans.info