February 12th, 2021 – Chamber of Industry and Commerce Hannover

The withdrawal of the United Kingdom from the EU internal market on January 1, 2021 is now placing a significant strain on trade relations with the fourth most important export market for Lower Saxony.

“Trade with Great Britain has already declined in recent years due to the uncertainty caused by the negotiations that have lasted for years. Now he is burdened with customs formalities, logistics problems and complicated business trips. This makes smaller companies in particular doubt whether they can still do business profitably in Great Britain, ”says Tilman Brunner, Head of International at the IHK Hannover.

In the current DIHK survey “Going International 2021”, 60 percent of companies rate their current business situation in the United Kingdom as bad and 57 percent expect a further deterioration in 2021. Three out of four companies have or expect additional customs red tape. In addition, logistics problems, legal uncertainties and an increase in tariff trade barriers are the most common effects of the United Kingdom’s exit from the European internal market, despite the EU-UK Trade and Cooperation Agreement (TCA) between the two economic areas. According to the DIHK, around ten million additional customs declarations can be expected with German companies.

The practical implementation of the very recent changes in trade with Great Britain is still uncharted territory for many companies. With a three-part, new online series “Brexit concrete!”, The IHK Hannover is now offering concrete assistance and support. In free webinars with experts from the Lower Saxony economy and connected partners from London, the problem areas are highlighted and practical tips are given for the correct implementation of the new procedures and requirements.

READ  The trade agreement between Japan and the United Kingdom enters into force

It starts next Tuesday, February 16 at 10 a.m. with a web conference on MS Teams on the subject of exporting goods to the UK.
Registration at www.hannover.ihk.de/veranstaltungen

Contact person: Tonio Boer, Tel .: 0511-3107-501,
mail: boer (at) hannover.ihk.de

The next dates will follow at 10 a.m. on February 23 on the subject of VAT in the UK and on March 16 with a focus on business and official trips to Great Britain.

Press contact

Stefan Noort
Phone (0511) 3107-231
noort (at) hannover.ihk.de

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.