The European Union Relationship and Industrial Strategy (EURIS) Taskforce has outlined its support for the Confederation of British Industry’s (CBI) call for the UK to stay in a Customs Union with the EU for as long as it serves us to do so.
With CESA as a member, the EURIS Taskforce is an advisory body representing industrial product suppliers covered by the single market. It represents sectors with a turnover of over £105bn across electrotechncial, electronics, renewables and mechanical engineering products.
EURIS chairman Dr Howard Porter said: “As CBI director general Carolyn Fairbairn outlined in her speech at Warwick University, there may well come a time when the opportunity to fully set independent trade policies outweighs the value of a customs union with the EU.
“The UK is not however at that point yet and UK product manufacturers, represented by EURIS, are heavily dependent on the cost and delay-free benefits of membership of the EU Customs Union.”
EURIS vice-chairman Steve Brambley added: “EURIS’ position is that membership of the EU Customs Union should be retained via a close association agreement which would allow for the frictionless trade with the EU on which so much of the UK’s manufacturing industry depends.”