The Liberal Democrats are urging Sir Keir Starmer to initiate discussions on forming a new UK-EU customs union, underscoring the economic benefits it could bring. Although Starmer has rejected rejoining the EU customs union or single market, Labour is considering joining the Pan-Euro-Mediterranean convention as a way to enhance trade relations without full EU membership. This upcoming meeting in Brussels with EU leaders marks a pivotal moment for UK-EU relations and reflects ongoing attempts to strengthen ties post-Brexit, with the potential for tariff-free trade and improved economic performance influencing the agenda.
Sir Ed Davey emphasized that forming a new UK-EU customs union at the upcoming meeting in Brussels is a critical and beneficial move for the UK economy.
Labour has maintained that a new customs arrangement is off the table but is open to alternatives like the Pan-Euro-Mediterranean convention for trade.
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