Brexit for Global and European supply chains
Shippers, forwarders, customs agents, transport operators and all other parts of the UK supply chain will be affected by the referendum decision to leave the EU and the UK will need to develop new trading relationships with the Union and other nations. Following a survey and special meeting, it is clear that FTA's British Shippers’ Council (BSC) members are concerned about the impact of Brexit on their businesses and want to see the UK retain access to the EU single market with a minimum of red tape (such as customs requirements).
In addition, BSC is concerned about the continuation of the trade relationships developed by the EU on behalf of the UK and other member states. Top of the list is the Generalised System of Preferences – the EU trade scheme that provides reduced import tariffs for a number of countries. When the UK leaves the EU it will no longer be part of this scheme and will need to ensure that strong trade agreements and arrangements are in place to avoid higher tariffs being imposed on imports.
There are a huge number of other issues, including the need to create an equivalent air cargo security regime to that currently negotiated by the EU and the need to ensure UK technical standards and phyto-sanitary rules are recognised and do not become trade barriers. The picture is unclear and FTA is providing ongoing updates for members as discussions and negotiations progress.
New FTA Customs Working Group - call for members
With customs high on the agenda following the outcome of the EU Referendum, FTA is launching a new Customs Working Group. The new group, which is open to all FTA members, will initially concentrate on issues arising from Brexit. FTA is working closely with HMRC on its approach to Brexit and we need member input to ensure that we are raising the key issues with Government.
Please contact Alex Veitch to join the group
Need more information?
If you are an FTA member and have a query regarding this topic, or need more information, contact our Member Advice Centre
Member Advice Centre