Tag #Post-Brexit Trade

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bbc.com

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Jan 23, 04:12

EU Proposes Pan-European Customs Area to Ease Post-Brexit Trade with UK

EU trade chief Maros Sefcovic proposed exploring a pan-European customs area with the UK, potentially through the Pan-Euro-Mediterranean Convention (PEM), to reduce post-Brexit trade friction; the UK government is consulting businesses on this matter, while the EU also seeks progress on veterinary a...

EU Proposes Pan-European Customs Area to Ease Post-Brexit Trade with UK

EU trade chief Maros Sefcovic proposed exploring a pan-European customs area with the UK, potentially through the Pan-Euro-Mediterranean Convention (PEM), to reduce post-Brexit trade friction; the UK government is consulting businesses on this matter, while the EU also seeks progress on veterinary a...

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What specific trade barriers does the EU propose to alleviate through its potential plan with the UK, and what are the immediate implications for UK businesses?

The EU's trade chief, Maros Sefcovic, proposed exploring a pan-European customs area with the UK, potentially involving the Pan-Euro-Mediterranean Convention (PEM), to ease post-Brexit trade friction. This follows discussions with UK business groups advocating for PEM's benefits in streamlining supply chains. The UK government is currently consulting businesses on this matter.

chinadaily.com.cn

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Dec 21, 04:06

Brexit Cost UK £27 Billion in First Two Years: Study

The UK's exit from the EU's single market and customs union resulted in a £27 billion ($34 billion) loss in trade over two years, primarily affecting small businesses, while larger businesses maintained pre-Brexit trade levels; this is less than initially projected but talks to update trade agreemen...

Brexit Cost UK £27 Billion in First Two Years: Study

The UK's exit from the EU's single market and customs union resulted in a £27 billion ($34 billion) loss in trade over two years, primarily affecting small businesses, while larger businesses maintained pre-Brexit trade levels; this is less than initially projected but talks to update trade agreemen...

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How do the actual economic losses from Brexit compare to initial forecasts, and what factors contributed to this discrepancy?

The research, based on UK customs data from over 100,000 companies, reveals a 6.4 percent decrease in goods exported to Europe and a 3.1 percent drop in imports by the end of 2022. While lower than initial predictions, this reduction still represents a substantial economic cost. The impact varied greatly, with small businesses facing the brunt of the new trade barriers.

theguardian.com

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Dec 23, 01:06

Post-Brexit Trade Deal Hurting UK Businesses, BCC Survey Shows

A BCC survey shows only 15% of 1,000+ firms saw increased EU sales post-Brexit, while 46% want easier staff movement to the EU; the BCC calls for a closer EU tie to address higher taxes and trade barriers.

Post-Brexit Trade Deal Hurting UK Businesses, BCC Survey Shows

A BCC survey shows only 15% of 1,000+ firms saw increased EU sales post-Brexit, while 46% want easier staff movement to the EU; the BCC calls for a closer EU tie to address higher taxes and trade barriers.

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How significant is the negative impact of post-Brexit trade rules on UK businesses trading within the EU?

A recent British Chambers of Commerce (BCC) survey revealed that only 15% of 1,000+ member companies reported increased EU sales due to the post-Brexit trade deal, while 40% saw no sales increase. The BCC urges the government to improve the deal, citing increased costs from the autumn budget. This highlights significant ongoing challenges for UK businesses trading with the EU.", A2="The BCC survey reveals a mismatch between government claims of a "new era" in EU trade relations and the realities faced by British businesses. The most significant concerns are easing staff movement to the EU (46% of respondents) and reducing trade barriers to offset increased costs. This gap suggests a need for more effective policy alignment between stated goals and practical outcomes.", A3="Continued trade friction between the UK and EU poses a significant risk, particularly as EU regulations evolve and UK businesses lack awareness. The lack of awareness (77% of businesses) of new EU safety and security regulations adds to existing challenges. Without policy adjustments, the situation is likely to worsen, potentially impacting long-term UK competitiveness and economic growth.", Q1="What are the most significant impacts of post-Brexit trade rules on UK businesses trading with the EU, as revealed by the BCC survey?", Q2="What are the primary concerns of UK businesses regarding the post-Brexit trade agreement with the EU, and how do these concerns relate to broader economic factors?", Q3="What are the potential long-term implications of the current trade friction between the UK and EU, particularly regarding regulatory divergence and business awareness?", ShortDescription="A British Chambers of Commerce survey of over 1,000 businesses found that only 15% saw increased EU sales post-Brexit, with 46% wanting easier staff movement to the EU; the BCC is pushing for a closer EU relationship to offset higher taxes and improve trade.

politico.eu

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Dec 11, 01:09

"Northern Ireland Votes to Maintain Post-Brexit Trade Rules"

"Northern Ireland's lawmakers voted 48-36 to uphold post-Brexit trade rules with Britain, a decision that maintains the region's special status within the EU single market for goods, despite unionist opposition and claims of an undemocratic process."

"Northern Ireland Votes to Maintain Post-Brexit Trade Rules"

"Northern Ireland's lawmakers voted 48-36 to uphold post-Brexit trade rules with Britain, a decision that maintains the region's special status within the EU single market for goods, despite unionist opposition and claims of an undemocratic process."

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"What are the immediate consequences of Northern Ireland's vote to maintain post-Brexit trade rules with Britain?"

"Northern Ireland lawmakers voted 48-36 to maintain post-Brexit trade rules with Britain, a predictable outcome given the political alignment within the Stormont chamber. Unionist lawmakers decried the vote as undemocratic, citing the lack of a British veto. This decision maintains Northern Ireland's special status within the EU single market for goods, preserving barrier-free trade with the Republic of Ireland.",

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