BobKowalski
Well-Known Member
- Joined
- 17 May 2007
- Messages
- 20,312
FT with a report on Rules of Origin (a woman) freezing out the UK as a distribution hub for European supply chains. Modesty prevents me from pointing out that I said the deal will see supply chains reconfigure and bypass UK. The alternative is the EU making the UK an exception. but that will involve us giving something in return.
‘It's a function of the Rules of Origin clauses that mean that goods have to sufficiently "originate" in the UK to qualify for zero-tariff entry to EU (and vice versa). But to qualify, you have to do something to the goods - process them or add value - not just punt them on.
So what did the EU tell my FT colleague when he asked officials whether this was going to be sorted?
“You can’t expect Brexit not to have consequences. The UK won’t be a distribution hub for the EU any more. EU businesses will need to stop relying on UK hubs.” @FT
‘It's a function of the Rules of Origin clauses that mean that goods have to sufficiently "originate" in the UK to qualify for zero-tariff entry to EU (and vice versa). But to qualify, you have to do something to the goods - process them or add value - not just punt them on.
So what did the EU tell my FT colleague when he asked officials whether this was going to be sorted?
“You can’t expect Brexit not to have consequences. The UK won’t be a distribution hub for the EU any more. EU businesses will need to stop relying on UK hubs.” @FT