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PRIVACY
Economic Development

Brexit Day - the hard work starts now as all-important trade negotiations are set to begin

Tariff free trade and smooth customs procedures are on the wish list of our businesses

Toyota's Burnaston factory makes cars which are exported to the EU(Image: Rod Kirkpatrick/F Stop Press)

Tonight, at precisely 11pm, Britain will finally depart the EU - more than three-and-a-half years after the country voted to leave.

While the journey towards this moment has been protracted and arduous, many businesses believe that the hard work starts now.

The point at which the º£½ÇÊÓÆµ leaves the union fires the starting gun on post-Brexit talks - and negotiations on an all-important trade deal with the EU.

A “transition period” will begin, with the Government able to negotiate a future trade deal with the EU while still remaining in the safety net of EU rules and regulations.

The 11-month period is designed to prevent the º£½ÇÊÓÆµ from suddenly leaving the EU and being forced to trade on basic global terms under the World Trade Organisation rules.

The majority of cars made at Toyota's Derbyshire factory are exported to the EU(Image: Rod Kirkpatrick/F Stop Press)


A company that will be following the negotiations closely is Toyota, which has its º£½ÇÊÓÆµ car manufacturing plant at Burnaston, in Derbyshire.

Ever since the nation voted to leave way back in June, 2016, the firm, along with fellow manufacturers with British factories, have called for a deal that would result in frictionless trade with the EU.

90 per cent of the cars made at Burnaston are exported to the EU and Toyota would like to see a deal that would not result in hefty tariffs on its exports.