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Economy

Pros and cons of a customs union for Brexit Britain, explained

Updated : April 01, 2019 05:20 PM IST

A customs union would allow an easier flow of goods between reducing, but would not itself guarantee frictionless trade and would limit, but not prevent, Britain's capacity to strike its own free trade deals.
The junior customs union partner, which Britain would likely be, can find itself playing catch-up with a reducing bargaining position, given their own market is already open.
Pros and cons of a customs union for Brexit Britain, explained
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