Britain and U.S. sign agreement to ensure smooth post-Brexit trade

FILE PHOTO: British and American flags on display in Los Angeles, California, U.S., May 15, 2018. REUTERS/Mike Blake/File Photo

LONDON (Reuters) - Britain and the United States on Wednesday signed an agreement on customs processes to keep trade flowing smoothly between the two countries when Britain fully leaves the orbit of the European Union at the end of the year.

“This is an important agreement that ensures continuity post EU exit, and demonstrates the strength of the US-UK customs relationship,” British Treasury minister Jesse Norman said in a statement.

“This deal will allow us to continue to cooperate in combatting customs offences by sharing information and good practice, and provides the legal underpinning for schemes to ease trade flows for importers and exporters.”

Reporting by William James; editing by Michael Holden