What does ‘Brexit’ mean for businesses trading with the EU?

18 Jul 2016 11:00 AM | Anonymous

The Institute of Export have shared their thoughts on the Open to Export site on what businesses should be thinking about in light of the EU referendum result.

Following the EU referendum result, some businesses who are trading with the EU have expressed some concern as to the future of their business relationships with their EU customers and what they need to be thinking about now.

The first thing to remember is that little is expected to change in the immediate future. The referendum vote is simply a decision by the UK people, and does not trigger any instant changes. The first stage of a formal exit from the EU will be by the UK government invoking “Article 50 of the Treaty of Rome”. Thereafter there will be a negotiating process of up to 2 years, during which time the UK will remain part of the EU, and goods will continue to move free of customs clearance formalities or import duties.


Read more at Open to Export


© Food & Drink Exporters Association
Powered by Wild Apricot Membership Software