Irish exporters must urgently upscale their no-deal preparations
Many companies still not prepared for likely no-deal scenario
Dublin, 9 July 2019: The Irish Exporters Association (IEA), the voice of the export industry in Ireland, today calls on Irish exporting businesses to urgently upscale their no-deal Brexit contingency measures. With the political rhetoric in the UK leadership race making a disorderly Brexit on 31 October more likely, Irish businesses trading with or transiting though the UK must urgently re-implement their contingency plans.
Commenting on the developments, Simon McKeever, Chief Executive of the Irish Exporters Association, said: “We are deeply concerned by the recent hardening of the political rhetoric in the UK leadership race on the possibility of a no-deal Brexit on 31 October 2019. A UK departure from the EU on WTO-terms would have a very detrimental impact on the Irish economy and Irish businesses’ global competitiveness.
We are concerned that, 3 months after the original Brexit deadline, only very few companies in the Irish trading community are fully prepared for all outcomes. The fact that around 50.000 Irish businesses, mainly SMEs, still have not applied for their EORI (Economic Operator Registration and Identification) number highlights that there continues to be deep gap in the number of businesses taking the minimum preparatory actions Brexit.
The IEA calls on all businesses to urgently fully re-evaluate their supply chains to ensure they can mitigate the impacts of any Brexit outcome. While there remains continued uncertainty about the final terms of the UK’s departure, a potential no-deal exit on WTO-terms provides at least some certainty: we clearly know what to prepare for!”