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The government has no plan to save a vanishing sector.
PSA Part’s Sales Director, Nick Walsh looks at how Brexit is impacting cross European border trade for the tech channel and how companies can look to address these challenges.
Jason Croke tackles some technical aspects that are continuing to confuse businesses who are importing goods from the EU, in this case import duty and the rules of origin.
Richard Barfield explains the deluge of restrictions and regulations that have been saddled on firms after the UK’s departure from the EU
Many UK exports won’t qualify for preferential terms.
On 7 October last year, there was a defining phone call between Boris Johnson and Angel Merkel.
Putting politics aside, let us look at a more technical aspect of free trade negotiations – rules of origin (ROO).
"...rules of origin are how customs authorities classify where an exported product has originated. The rate of duty that importers are required to pay when bringing goods into a country depends on three elements – the type of goods (which is classified by a ‘tariff code’), the country the goods are being imported into, and where they are judged to have ‘originated’ from – i.e. the origin."
If you only trade within the UK and Europe, Rules of Origin will not have concerned you. Brexit could make these Rules become a serious concern to you.
Because of rules of origin, even if the UK enters into a trade agreement with the EU, UK manufacturers embedded in pan-European supply chains are going to face new bureaucracy and costs, with long-run implications for their continued viability.