Jan 1. deadline for additional import checks is looming; Industry concerned bureaucracy will further hit U.K.-EU trade
Just as firms wrestle with a global supply chain crisis and fresh
pandemic restrictions, companies in the U.K. and European Union face
another looming headache: More post-Brexit red tape.
From Jan. 1,
companies importing goods into Britain from the EU will be required to
make full customs declarations. Food products will also have be
pre-registered on an IT system, an extra bureaucratic burden which
threatens to further worsen U.K.-EU trade flows already depressed by post-Brexit processes.
“It’s going to catch a lot of people out,” said
Tom Maddison, director of operations at Buckle Shipping, a
Felixstowe-based freight forwarder which shuttles goods between Britain
and the EU. “It’s quite worrying that supposedly big companies have
still got no idea really what’s going on.”
The hit to trade could be significant. Since
signing the post-Brexit trade agreement with the EU last year, Britain
has taken a light-touch approach to its border with the bloc, delaying checks to give companies more time to adjust to additional trade barriers caused by Brexit....
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