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IoD suggests replicating Turkey's free trade deal

By Staff Reporter

Business leaders are suggesting a "partial customs union" as a compromise plan for future trade with the EU after Brexit.

The Institute of Directors (IoD) said its proposals would cover industrial goods, processed agricultural products and would help maintain the competitiveness of key industries.

With business groups pressing the Government for more information on trading arrangements post-Brexit, the IoD said it would support a "bespoke" deal with European counterparts.

A customs union similar to Turkey's agreement with the EU could be used as a base to build a broader free trae agreement, it was suggested.

Turkey and the EU are seeking to improve their agreement and the IoD argued the UK should take some of the proposed changes on board when negotiating its own customs arrangements with the bloc.

Belfast Telegraph