Following the rejection of United Kingdom Prime Minister Theresa May's European Union withdrawal agreement, in a statement today the British International Freight Association (BIFA) recommended its members prepare for what it expects will be "a hard Brexit."
With the March 29 deadline for Brexit rapidly approaching, freight forwarders are facing the difficult fact that, in the absence of other indicators from the U.K. government, Brexit is likely to be disorderly, which BIFA views as "the worse outcome, as it is likely to increase trade barriers and impose significant restrictions on the exchange of goods between the E.U. and the U.K."
BIFA director general Robert Keen added that freight forwarders, as the companies that handle most of the U.K.'s trade, "many of whom are Authorized Economic Operator (AEO) accredited, will play a key role in tidying up the mess left by politicians by ensuring U.K. importers and exporters can continue trading without undue disruption with the rest of Europe."Read More