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UK should stay in EU customs union for two-year transition period

( March 27, 2017, 15:12 GMT | Official Statement) -- MLex Summary: The UK should stay in the EU's customs union for a transition period of two to three years after the country leaves the bloc, if it wants to give businesses and public authorities time to prepare for leaving the customs area altogether, according to a report from Open Europe, a think tank. Possible trade disruptions after leaving the bloc should be minized through state-of-the-art technology and a customs cooperation agreement, as part of a free-trade deal between the EU and the UK.  ...

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