Import and export delays are hampering trade as companies struggle to recover from the pandemic, new research suggests.
A third of smaller companies surveyed by manufacturing organisation Make º£½ÇÊÓÆµ said they were still struggling with customs paperwork and processes, with clearance across borders posing the greatest difficulty.
New rules to prove the origin of a product were one of the last elements of the trade deal to become known, leaving manufacturers little time to prepare or understand the detail, said Make º£½ÇÊÓÆµ.
Two in five of the 179 firms surveyed said rules of origin was a key priority for further discussion with the EU.
Make º£½ÇÊÓÆµ warned of a “ticking time bomb” as mobility between the º£½ÇÊÓÆµ and EU remains “largely untested”.
Stephen Phipson, chief executive of Make º£½ÇÊÓÆµ, said: “It is clear that much of the trade and co-operation agreement needs to be worked on further in order to smooth out continuing difficulties for both º£½ÇÊÓÆµ and EU companies in a number of areas including customs, mobility, legislation and standards.
“Government should also work with the EU to find a solution to the issue over origin of goods which is proving extremely challenging for many companies.”