CCR2 International Collections The backstop that has been agreed will
keep the whole of the UK in a ‘single customs territory’, which, according to many, is the equivalent of the Customs Union that the UK and the rest of the EU are currently both in. This means no tariffs on trade between
the UK and the EU, and this would prevent the UK from being able to set tariffs on trade from non-EU countries that are lower than the ones set by the EU. According to many critics, this would leave
the UK a ‘vassal state’, a country that must trade by rules set by the EU, but without any influence on them. For exporters and importers doing trade between the UK and the EU, this would mean the continuation of regulations and tariffs that currently apply.
Immigration One of the areas of the withdrawal deal that would cause potential disruption for UK traders is in relation to immigration.
We recommend businesses work to mitigate the risks of a no-deal Brexit and to have plans for the different potential outcomes of Brexit
EU citizens and families will be able to
live and work in the UK up until the end of the transition period in December 2020, and those who take up residence before that date and then remain in residence for five years will be able to remain in the UK. Beyond the transition period, the UK will
have greater control on who will be able to move to the UK to live and work from the EU. It is believed the UK will set a minimum salary requirement for people moving to
the UK from this point on – thought to be around £30,000, with exceptions for critical sectors like health. Arrangements for temporary entry for
business purposes and visa-free, short-term visits are to be discussed in the next phase of the negotiations.
Preparation will be key Should the deal be passed, we will give more in-depth advice and support for companies ahead throughout 2019 and 2020. Until then, we recommend businesses
work to mitigate the risks of a no-deal Brexit and to have plans for the different potential outcomes of Brexit. We also advise companies to learn how customs procedures and declarations work in case checks on exports and imports between the UK and EU are introduced. CCR2
Edited from a report published by the Institute of Export –
www.export.org.uk.
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nance.arvato.com
December 2018
www.CCRMagazine.com
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