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<p>As we look to build our future customs relationship with the EU and the rest of
the world, we start from a strong position. As a large trading nation, we possess
a world-class customs system which handles imports and exports from all over the world,
and not just the EU.</p><p>The government is seeking a mutually beneficial customs
agreement and is committed to securing the most frictionless trading relationship
possible.As part of this, HM Treasury and HMRC are giving due consideration to the
implementation requirements of any options for the UK’s future customs arrangements.
This includes the costs associated with updating IT systems to ensure we have a fully
functioning customs regime following our exit from the EU.</p><p>The UK’s Customs
Authority already works hard to ensure that trade is as fast and frictionless as possible
and was ranked 5th globally in the World Bank’s 2016 Logistics Performance Index on
Customs.</p><p> </p>
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