Business leaders hear more help needed post Brexit

North East business leaders heard two international trade policy speakers set out the challenges for companies as part of a week-long series of North East England Chamber of Commerce webinars on Brexit.

Anand Menon, director of UK in a Changing Europe and Dr Anna Jerzewska, director, Trade and Borders, were clear about the difficulties leaving the EU has created, in particular for SMEs, who may have never had to deal with customs declarations in the past.

Business uncertainty was often quoted as being so damaging before Brexit and Anand Menon said this has not disappeared but is merely now more limited. His view is that instability is baked into the UK’s relationship with the EU.

He explained the UK still has to implement what it has agreed with the EU, for example, in Northern Ireland, so it is still not clear how the deal will work in practice. The lack of clarity is potentially dangerous.

Dr Anna Jerzewska stressed there were a number of rules and regulations that were still not clear to businesses such as the rules of origin.

She said: “It’s important to remember that the border isn’t symmetrical and while the EU has implemented all checks and controls from day 1 the UK has not. There are also some additional easements for Sanitary and Phytosanitary (SPS)controls in Northern Ireland.”

In her speech she outlined how hard it was for smaller businesses to navigate the EU trading framework as it really required detailed knowledge and know-how, not helped by the national shortage of customs brokers.

The Chamber members also heard many businesses were being resilient and trying to adjust their supply chains to cope with changes to try and avoid delays and costs at the EU border.

She said in her view the first two months of the year were taken up with the new regulations and now there are cash flow challenges due to the costs of support to continue EU trading.

James Ramsbotham, chief executive, North East England Chamber of Commerce said: “We were delighted to hear two of the leading thinkers in our country, on leaving the EU. Their insights were extremely beneficial to our members who are really at the sharp end of the huge changes to their business operations. What was crystal clear in both Anand and Anna’s speeches was the urgent need for Government to stop being in denial about the difficulties and support companies to trade with Europe.”

The Chamber has a customs declaration and international trade team to help companies with documentation to trade with Europe for imports and exports, as well as growing worldwide.

Chamber Brexit Week to support North East businesses

North East England Chamber of Commerce has a week-long series of virtual events with advice and international trade experts to support companies trading with the EU, in the wake of Brexit.

The week starts on Monday, 26 April, with an expert panel session analysing the content and impact of the new EU trade deal and the future of the UK-EU relationship.

There will also be practical sessions for exporters and importers on everything from customs borders to the Irish Border and VAT.

Jack Simpson, Chamber training and global network adviser said: “We know there are many businesses in our region who have struggled tremendously with the changed trading arrangements post-Brexit and we want to help them. This week will help equip people with what they need to know, how we as an organisation can support them and the future landscape of EU trading.”

As part of the week there will be also a webinar on the service sector and new regulations impacting on its relationship with Europe. The event will focus on what the deal meant for businesses in the service, digital and creative space, and what the future for the UK service sector might be.

Speakers at the different events include Theresa May’s former special adviser Raoul Ruparel from Deloitte, Professor Anand Menon, Professor of European Politics and Foreign Affairs at King’s College London and Dr. Anna Jerzewska, Director of Trade & Borders Consultancy.

The Chamber has a dedicated international trade team with experts on customs documentation, exporting and importing, trade networks and building up global trade. Further information on this and Brexit Week is available here. The events are also open to non-members.