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ARTICLE · 20 SEPTEMBER 2018

Brexit: The Rocky Road Ahead

Travers Smith LLP
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Are we heading towards no deal, "blind Brexit" or something else altogether? We look at what to expect in the final months of the Brexit negotiations.

European UnionGovernment, Public Sector
Jonathan Rush
Jonathan Rush
Rachel Woodburn
Rachel Woodburn
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Are we heading towards no deal, "blind Brexit" or something else altogether? We look at what to expect in the final months of the Brexit negotiations.

EU reaction to Chequers proposals

Although the EU has not rejected the Chequers proposals outright, it appears very unlikely that they will be accepted as they stand. For example, the EU is known to have serious reservations about the proposals for a "Facilitated Customs Arrangement" (FCA), which is the mechanism by which the UK would seek to maintain current levels of frictionless trade with the EU whilst at the same time being able to pursue its own independent trade policy. In particular, the EU regards the FCA as posing an unacceptably high risk of fraud, for reasons which we discussed in this article.

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