UK Losing up to £6.5bn a Year in EU Trade Due to Mismatched Product Rules
7 Articles
7 Articles
The British Analysis Centre IPPR called on the Government to resume trade negotiations with the EU against the background of a loss of up to 6.5 billion pounds of exports per year due to the lack of uniform product testing standards. According to the IPPR Analysis Centre, many British companies have refused to export to the EU or have established subsidiaries in the bloc countries to avoid additional administrative costs, The Guardian writes. Th…
The United Kingdom loses between £3.7 billion (€4.3 billion) and £6.5 billion (€7.6 billion) in exports to the European Union every year because its products have to be certified twice, once on each side of the Channel. This is according to a report by the Institute for Public Policy Research (IPPR) (ed. British …
The UK loses between £3.7 billion (€4.3 billion) to £6.5 billion (€7.6 billion) each year in exports to the European Union. The reason is that its products must be certified twice, one for each side of the Channel. This is according to a report by the Institute for Public Policy Research (IPPR) (British... More www.ertnews.gr
Great Britain could achieve up to 6.5 billion pounds more exports annually to the European Union if it reached an agreement with Brussels that would allow manufacturers to avoid double testing of products. According to the IPPR think tank, the absence of such an agreement from the entry into force of post-Brexit trade rules in 2021 of the British...
Britain could lose up to £6.5 billion in exports to the European Union annually due to different product rules.
UK losing up to £6.5bn a year in EU trade due to mismatched product rules
IPPR finds failure to align testing standards has forced companies to abandon exporting to EU and is costing costing 0.18% of national income The UK is losing out on annual exports to the EU that could be worth as much as £6.5bn without a deal with Brussels that allows manufacturers to jettison duplicate product testing.…
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