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Customs paperwork, red tape considered hindrances to UK-EU trade


A major hindrance to UK-EU trade is the complicated Customs paperwork and red tape, according to a survey conducted by Make UK, which represents engineering and manufacturing companies. The survey revealed that some 61 per cent of businesses are enduring supply chain disruption – either importing or exporting to and from the EU – and 32 per cent are having their supply chains impacted in both directions. Make UK said that companies are also struggling to prove the UK origin of their goods in order to qualify for zero-tariff access. The trade body urged the government to sit down with the EU to fix border delays with mutually beneficial easements as a matter of urgency, to fast track the training of good quality Customs agents to boost border flow, and facilitate exporters and hauliers to work together with industry to smooth out the problems, as per a report.

 

Source : Exim News Service - London, Feb. 22

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Currency Import Export
U.S.Dollar 73.44 72.51
U.K.Pound 102.77 100.75
Euro 88.65 87.16

As On 04th March, 2021

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Currency Import Export
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Euro 89.25 86.10

w.e.f.19th February, 2021

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