The CTC is used for
moving goods between the EU member states, the EFTA
countries (Iceland, Norway, Liechtenstein and
Switzerland) as well as Turkey, Macedonia and Serbia.
The UK is currently a member of the CTC while it is
in the EU, and has successfully negotiated membership
in its own right after Brexit. This would apply to any
new trading relationship with the EU or in the unlikely
event of a no deal.
Membership of the CTC will help
ensure that trade moves freely between the UK
and CTC members
after the UK leaves the EU. It will provide cashflow
benefits to traders and aid trade flow at key points of
entry into the UK, as traders will only have to make
customs declarations and pay import duties when they
arrive at their final destination.
Financial Secretary to the Treasury, said:
We are a great trading nation and our goods are in
demand all over the world.
That’s why we are committed to ensuring that trade
can continue to flow with as little friction as
possible when we leave the EU.
Membership of the convention will support traders
both under a new trade agreement with the EU, or in
the unlikely event of no deal.
This gives businesses the continuity and certainty
they need to plan for the future.
Membership of the CTC, and its
supplementary convention the Convention on the
Simplification of Formalities in the Trade of Goods,
reduces administrative burdens on traders by removing
the need for additional import/export declarations when
transiting across multiple customs territories. It also
provides cashflow benefits by allowing the movement of
goods across a customs territory without the payment of
duties until the final destination – countries who are
not in the Convention would have to pay each time their
goods crossed a border.
