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Draft Brexit document: EU-UK to commit to build on ‘single customs territory’ – Bloomberg

According to a leaked draft Brexit document, as cited by Bloomberg, EU-UK is said to commit to build on ‘single customs territory’.

Additional Details:

Foresees equivalence for UK banks.

EU, UK to commit to ‘deep’ customs cooperation.

To commit to building on ‘single customs territory’.

States determination to replace the backstop in the future.

EU is to recognize UK’s independent trade policy.

EU-UK to considering linking UK Co2 market with EU ETS.

EU-UK to cite the scope and depth of ties may evolve over time.

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