Wednesday, July 17, 2019

'Dire prospect' of no-deal Brexit warning from Kildare Chamber

Businesses throughout the county are being urged to assess their operations with the increasing 'dire' prospect of a no-deal Brexit, writes Brian Byrne.

County Kildare Chamber CEO Alan Shine says such a scenario is now 'highly possible', and businesses need to 'consciously prepare' for it in the light of the lack of action by the British Government to remove the threat of a disruptive and damaging ‘no-deal’.

"Businesses must continue to examine and strengthen their existing models of operation and make use of every opportunity and resource which is available," he says. "This includes registering for an EORI number*, reviewing supply chains and seeking specialised customs advice."

Kildare Chamber's advice is for both exporters and importers, and businesses dependent on imports, to consider their exposure to ‘no-deal’ threats and the additional tariffs, delays and administrative costs of the UK operating under WTO rules for trade.

"It simply must be taken as a credible prospect and preparations for its economic shock to Ireland’s businesses and all-island economy must be prepared for," Alan Shine advises.

(*Economic Operators Registration and Identification Number, a system of identification numbers used by customs authorities throughout the European Union.)

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