º£½ÇÊÓÆµ

Oops.

Our website is temporarily unavailable in your location.

We are working hard to get it back online.

PRIVACY
Enterprise

Businesses urged not to panic over Brexit day

The advice has been issued by Coventry and Warwickshire Chamber of Commerce

James Ahearne, international trade hub manager at the Coventry and Warwickshire Chamber of Commerce

An international trade expert has urged businesses across Coventry and Warwickshire not to ‘panic’ with the arrival of Brexit day – but to use the next few months to prepare for the º£½ÇÊÓÆµ’s full withdrawal from the EU.

The º£½ÇÊÓÆµ officially left the European Union on Friday January 31 but that will kick-start a transition period up to the end of 2020 that will mean no technical changes will come into force until next year.

James Ahearne, international trade hub manager at the Coventry and Warwickshire Chamber of Commerce, said firms across the region should use the transition period to get themselves ready for life outside of the EU.

He said: “The chamber has been supporting businesses on Brexit since the early days after the vote was taken and we’ve been running events, workshops and training programmes to help companies get ready.

“That has led to many companies taking practical steps to prepare for our exit from the EU so that, almost whatever the outcome, they will have some degree of readiness for the changes that Brexit will bring.

“It’s important to note that Friday January 31 is not going to see any changes that affect businesses straightaway – so there is certainly no need to panic. However, I’d really urge companies to get in touch with us and see how we can help them prepare.

“Some might think that they cannot prepare for Brexit until they know the details of the final º£½ÇÊÓÆµ-EU trade deal but we can say, with a high degree of certainty, that there are some elements to trading with the EU that companies will need to be up to speed with no matter what.

“For example, firms that trade with the EU will need to be ready to make customs declarations, they will need to prepare for Import VAT and they will need to have an understanding of rules of origin."