Recommendation 63

We ask the Government to set out, in its reply to this Report, what options it has raised, or intends to raise, with the European Union to further reduce barriers to trade and investment in the following areas: • Regulatory non-tariff barriers to trade in goods, in particular for chemicals and pharmaceuticals, as well as measures to reduce the impact of VAT and customs formalities for trade with the EU; • UK accession to the Lugano Convention to improve cross-border recognition of commercial judgements; • Steps to improve short-term mobility between the UK and EU for services providers and closer cooperation on financial services matters. (Recommendation, Paragraph 180)