Business In The Dark Over Regulatory Avalanche For EU Trade

WHEN asked about their knowledge of a number of changes coming down the track, the survey of more than 700 firms found: 

·         84% of manufacturers do not know about new reporting requirements on exports of goods containing high-carbon steel, and selected other products, to the EU starting in October 

·         87% of exporters are either unaware or unprepared for new EU VAT requirements due in January 2025 

·         43% of manufacturers are still unaware of the UK’s, now voluntary, alternative product safety marking system to the EU’s CE one 

The lack of knowledge and preparation for the changes, mean that some traders with the EU could face a whole range of new delays and unexpected costs. In some cases exporters could also find their goods unable to be transited to EU customers. 

While not all of the incoming changes to regulations will impact every firm, the wide range of new rules, and the complexity of their requirements, means many businesses will face new obstacles. 

Commenting on the research, Lorraine Holt, International Trade Manager at the Hull and Humber Chamber of Commerce, said:  

“There are a lot of changes that have been already implemented since the UK left the EU and there’s more to come. It is difficult for importers and exporters to keep on top of all of these changes, particularly with implementation dates being delayed again and again. With the BCC, the Hull and Humber Chamber is working hard to keep our international trade community informed of all developments by disseminating information and holding face to face information events and webinars. Anybody that is struggling, please get in touch.”

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