Validity of Customs Decisions in Light of Brexit
Monday, July 11, 2016
Sandler, Travis & Rosenberg Trade Report
The legal uncertainty caused by the United Kingdom’s recent referendum vote to withdraw from the European Union will impact all businesses involved in trading with the UK. While the UK is still part of the EU for the moment, the future of EU-UK relations remains unknown and there is a growing sense that the terms to be negotiated for the UK’s withdrawal may be less than favourable. Economic operators should therefore exercise caution in relying on customs decisions made in the UK and/or EU so as to anticipate and mitigate potential risks.
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