Wednesday, December 21, 2022 10:30 PM

A new survey has shown that more than half the British companies that trade internationally find it difficult to trade with the European Union following Brexit.
A British Chamber of Commerce survey has revealed that 56% of companies are having difficulties adapting to EU rules for trading products. 77% of firms to whom this deal applies claim that it does little to help them grow or increase their sales.
The results revealed that 44 percent of companies surveyed had difficulty obtaining visas for their employees after Brexit.
The post-Brexit trade agreement sees British and EU businesses not subject to tariffs for sending goods in either direction. However, they are now required to complete extensive paperwork.
Recent data from the Office for National Statistics (ONS), show that trade between the UK and EU countries is declining faster than non-EU countries.
An East Midlands manufacturer told the Chambers of Commerce that “Brexit was the biggest bureaucratic imposition ever made on business” and that “importing parts to repair broken machinery or raw materials from the EU has become a huge, time-consuming nightmare for small businesses.” “.
Director general of the British Chambers of Commerce Chiffon Haviland stated that British businesses want political leaders from both sides to “move on from past debates and find ways to trade more freely”.
She said, “With recession approaching, we must remove all shackles preventing our exporters from playing their part in the UK’s economic recovery.”
The UK’s long-term competitiveness may be severely affected if we don’t do it now. It is not a coincidence that 42 percent of all products we are used to were stopped during the first 15-months of TCA.
Rumours that the government was considering a Swiss-style deal with the European Union to reduce trade barriers have circulated recently. However, Prime Minister Rishi Sonak has stated categorically that this will never happen.
Labor also stated it would not renegotiate UK/EU trade agreements if it wins next election.
A spokesperson for the Cabinet Office said: “The Trade and Cooperation Agreement is the largest duty-free free trade agreement in the world. It allows access to the UK market for key service sectors, and opens up new opportunities worldwide for British businesses.
“Despite global economic headwinds, trade between the UK and the EU is picking up, with recent data showing that UK trade with both EU and non-EU countries is above pre-COVID levels.”
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