Chambers Ireland yesterday (9th September 2020) welcomes the publication of the latest Brexit Readiness Action Plan from Government, which outlines the steps that businesses and individuals need to take now, to be ready for the end of the Transition Period on 31 December 2020.
Speaking this afternoon, Chambers Ireland Chief Executive Ian Talbot said, “With the deadline to allow ratification of a Trade Deal due at the next EU Council meeting next month, we urgently call on all businesses to thoroughly review this latest Brexit Readiness plan and prepare their operations and regular procedures as best as they can.
All signs indicate that the UK is likely to leave the transition without a deal in place and businesses must prepare for this possibility.
That being said, whether or not a Free Trade Agreement is finalised before the transition ends, both a deal and no-deal scenario will give effect to new obligations and costs for customs procedures, regulation and transit. The only way to reduce the impact of additional cost and administration is to take the time now to prepare.
While the economic impact of COVID-19 continues to be the most immediately pressing issue for business, the end of the transition and the UK’s departure from the EU cannot be ignored. We call on businesses throughout Ireland to be vigilant and recognise the damage that a No-Deal exit for the UK could bring, review the Action Plan, and avail of all Government supports so that they can prepare accordingly.”