Conference “The implications of Brexit on trade in goods”
The Business Confederation of Ourense, in collaboration with the ICEX and Abanca, has held an online conference on 'The implications of Brexit on merchandise trade', which was attended by about 70 people, mostly representatives of Galician companies with interests economic and commercial in the United Kingdom.
El Brexit has already had consequences on the data of foreign trade of January, with a fall in Spanish exports 40%, and even higher for British women, around 60%. A decrease that is not attributed only to the departure of the United Kingdom of the Union, but also to the pandemic situation and the stockpiling of goods made in the months prior to departure.
The commercial advisor of the economic and commercial office of Spain in London, Rafael Ortega, has outlined the keys to the new commercial relationship between the European Union with the United Kingdom and has explained why companies from our country must continue to be present in that market, the fifth destination for our exports. In his presentation, the speaker reviewed the most critical aspects of the new commercial relationship with Britainas the customs procedures, VAT management or the application of zero tariffs.
"Right now we have an unbalanced situation because the European Union It is applying 100% of the controls and requirements to imports from Great Britain, but the United Kingdom has offered European companies deadlines to start requiring all these types of documents. We have the feeling that there are not many problems but that is why, We have to take advantage of this grace period to know the requirements well. "So that when the time comes, everything will be simple and everything will run smoothly," he explained. Rafael Ortega.
When asked by attendees, the trade advisor acknowledged that with Brexit there has been a increase in freight costs. "They have grown exponentially. There are parcel delivery companies that don't want to work with the United Kingdom, and trucks encounter delays at French and Dutch customs, which increases the cost both because the truck arrives empty and because it needs more days to return, so everything is clearer."
The speaker encouraged people to consult the different guides on the ICEX portal to learn more details about how to export to the United Kingdom.
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