1. The Government proposes to establish a free trade area for goods
Ministers believe this will avoid the need for customs and regulatory checks at the border, remove the requirement for customs declarations, enable products to only undergo one set of approvals and authorisations in either market, and avoid the need for a hard border between Northern Ireland and Ireland.
2. The Government proposes a common rule book for goods including agri-food
In order to ensure this is possible, continued participation in agencies that provide authorisation for goods such as the European Aviation Safety Agency and the European Medicines Agency will be sought.
3. The Government proposes a phased introduction of a new facilitated customs arrangement
Ministers believe this will remove the need for customs checks and controls between the UK and the EU as if they were a combined customs territory. The UK would then control its own tariffs for trade with the rest of the world and ensure businesses paid the right or no tariff.
4. The free trade area would not cover services and digital
The UK and EU will not therefore have access to each other’s markets in these areas.
5. New arrangements will come into force covering financial services
These arrangements are aimed at reserving the mutual benefits of integrated markets and protecting financial stability while respecting the right of the UK and the EU to control access to their own markets. The arrangements are not expected to replicate the EU’s passporting regime.
6. A new framework will come into force covering UK and EU citizens’ rights to travel
The aim is for new arrangements to allow businesses and professionals to continue to provide services in each the UK and EU markets.
7. Continued cooperation is anticipated in other sectors
Partnerships are expected on areas including personal data and its free flow, fishing rights and access, accords on science and innovation, culture and education, defence and space.