Plan A+ will enable trade in goods with minimal friction and maintain existing high-speed supply chains.
The absence of customs clearance costs and the presence of low friction makes the UK-EU relationship unconventional. Therefore, we have a distinctly unique opportunity to create an enterprising and lasting framework for a new era of trade.
A crucial aspect of the new arrangement will be separating the movement of goods from the processing forms. This approach already takes place throughout worldwide, highlighting how this plan is simply conforming to international standards.
Moreover, as part of a Free Trade Agreement, the UK must write a comprehensive chapter on ‘customs and trade facilitation’. Then, our customs will function through a series of proven technological and process solutions.
This customs chapter will seek to relieve traders of the formalities that are imposed upon them, with the aim to avoid the build-up of congestion at major ports.
It will outline that we would benefit from simplified strategies and data processing at the point of departure and the location of import, export and transit goods. Additionally, in order to ensure this process runs smoothly, the UK would be in a position to take advantage of greater cooperation and information sharing between agencies. This chapter will benefit from accelerated procedures for qualifying operators, with mutual recognition of trusted trader schemes like accredited economic operator (AEO) programmes, guaranteeing they are available to as many traders as possible.
Finally, importer self-assessments will be utilised to declare imports periodically and account for the duties that are payable. These will take place alongside physical inspections, which will be conducted randomly -except in justified circumstances.
The approach outlined above could lead to an impressive annual addition of $35-140bn to global trade. It has the support of countless experts in Europe, including former chairman of the Dutch customs brokers association, Hans Maessen and former Swedish Customs Director, Lars Karlsson.