What happened: Valdis Dombrovskis, EU economy commissioner, stated the EU is ready to engage with the UK about closer trade ties, including a customs union.
Why it matters:
- Could improve trade relations and reduce barriers between the UK and EU.
- Affects businesses and consumers on both sides through potential changes in customs procedures.
MNN Take: The EU’s willingness to discuss a customs union signals a possible shift towards smoother post-Brexit trade, though details and outcomes remain to be negotiated.
Sources: Guardian UK