Comments provided by Pauline Bastidon, head of European pPolicy & Brexit, Freight Transport Association (FTA):
“The invitation for the UK to join the Common Transit Convention (CTC) in its own right is great news for the country’s logistics industry, according to FTA, which has been pressing Government and the EU to speed up the accession process for some time. In the event of no deal, traders making use of the CTC would be able to temporarily suspend the payment of duties and taxes, and to postpone customs clearance formalities until the goods reach their destination, rather than at the point of entry into the customs territory. This will be particularly attractive for UK businesses exporting into the EU. While it would not remove the need for border checks of a regulatory nature (such as sanitary & phytosanitary checks on agri-food products), the CTC has the potential to reduce checks of a fiscal nature upon entry into the EU. What is now vital for UK business is to ensure that all necessary arrangements for use of the convention are made so that, from 30 March 2019, traders may fully benefit from the facilities offered by the CTC.”
Efficient logistics is vital to keep Britain trading, directly having an impact on more than seven million people employed in the making, selling and moving of goods. With Brexit, new technology and other disruptive forces driving change in the way goods move across borders and through the supply chain, logistics has never been more important to UK plc.? A champion and challenger, FTA speaks to Government with one voice on behalf of the whole sector, with members from the road, rail, sea and air industries, as well as the buyers of freight services such as retailers and manufacturers.
For more information on FTA please visit https://fta.co.uk