Brexit Watch: Customs expedience now jeopardizes trade deals later

Brexit 155 European Union 682 Health Care 280 Materials - Chemicals 175 Trade Deals 929 U.S. 4740 United Kingdom 299

The latest round of negotiations between the EU and U.K. to formulate a new trade and customs arrangement for 2021 and beyond has once again failed to make significant progress. The EU is “intensifying its preparedness work to be ready for all scenarios” including a no-deal scenario should agreements not be reached by the time of a mid-October heads-of-state meeting. If there is no deal then there’s likely to be stockpiling of goods in Q4. So far though U.K. imports from the EU are down this year, including a 16.7% slide in July compared to a year earlier. One controversy in recent negot...

Copyright © 2021 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.