March 2019 is quickly approaching and UK businesses are still largely in the dark about how customs procedures will be carried out in the event of a no-deal Brexit. In response, Her Majesty's Revenue and Customs (HMRC) published an updated  partnership pack to provide guidance and support for businesses preparing for day one if the UK leaves the EU without a deal.

For the time being, the pack outlines high-level customs procedures and the ways in which processes will be changed for goods moving across the UK border. Later in the autumn, the HMRC will expand the pack to include a breakdown of agrifood regulations, controlled goods (such as timber, chemicals, and waste) regulations and licensing, and road haulage licensing.

On October 19, Singapore signed the EU-Singapore Free Trade Agreement (EUSFTA) and the EU-Singapore Investment Protection Agreement (EUSIPA). The EUSFTA is a long-awaited trade deal with the 28-member European Union, and the first of its kind between the EU and a member of the Association of Southeast Asian Nations (ASEAN). The progressive deals act as a gateway to each of the region’s ever-expanding markets, and are aimed at region-to-region cooperation and enhanced business. These agreements were signed in an effort to counter rising global trade protectionism, and could potentially serve as the foundation for an EU-ASEAN free trade agreement.

The two deals were signed by Singapore and EU officials on the side-lines of the 12th Asia-Europe Meeting (ASEM) Summit in Brussels, Belgium.