The International Council of Marine Industry Associations (ICOMIA) has published its latest set of guidance notes in the event of a ‘no deal’ Brexit.
The notes, which will need to be updated and revised as more details become known, try to highlight various exit scenarios which may affect manufacturers that are:
- In the UK, exporting products to Europe
- European manufacturers exporting products to the UK
- In ‘third’ countries like Japan of the USA who may be either exporting directly to the UK or using the UK as an entry point into Europe
”All members should ultimately prepare for the worst-case scenario which is that no exit deal is reached between the UK and the EU,” ICOMIA warns. ”It is important that everyone keeps themselves informed of all the potential outcomes.”
All members should ultimately prepare for the worst-case scenario which is that no exit deal is reached between the UK and the EU. It is important that everyone keeps themselves informed of all the potential outcomes.
The latest set of guidance follows the recent approval by the UK House of Commons of a fallback plan to ask the EU for an extension of the formal Article 50 divorce process. This could be agreed by EU Member States at a summit due to take place on March 22 and 23 in Brussels.
Before this summit, the UK Parliament may vote again (for the third time) on the draft withdrawal agreement and the outcome, depending on the changes made, could impact the length of the delay as well as some of the conditions associated with it.
Unless a ratified withdrawal agreement establishes another date, all EU primary and secondary law will cease to apply to the UK from 30 March 2019 and the UK will then become a ‘third country’.
ICOMIA members can access the latest Brexit guidance notes by clicking here.