Maros Sefcovic, the new EU trade chief, suggested the possibility of a pan-European customs area as negotiations with the UK reset post-Brexit. This idea, supported by some UK businesses, involves joining the Pan-Euro-Mediterranean Convention (PEM) to facilitate tariff-free trade using components from across Europe. While the previous UK government ignored PEM opportunities, current discussions are underway to assess its potential to alleviate trade barriers. Additionally, Sefcovic emphasizes the need for alignment in food exports, highlighting the importance of a fisheries resolution and reviewing veterinary agreements to enhance trade relations.
The idea of a pan-European customs area, supported by UK businesses, is being considered in post-Brexit negotiations to improve tariff-free trade with the EU.
The UK government is consulting businesses on the benefits of the Pan-Euro-Mediterranean Convention (PEM), which seeks to rejoin complex supply chains disrupted by customs barriers.
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