What the US can learn from Brexit as it cuts de minimis exemption
One suspects customs formalities were not at the forefront of the White House administration’s mind ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATES PPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATES PPLD: TRADING UPDATEBA: TRUMP TRADEAAPL: SUPPLY CHAIN BET
Brexit is not going well, clearly. And along comes a new complaint, that business has in fact been even more hampered by the government than was thought – or was necessary. An exclusive in the Huffington Post reveals that, before talking to the government on Brexit, trade associations were made to sign non-disclosure agreements (NDAs). This, of course, has meant they have been unable to prepare their members about government thinking (a phrase that could well be an oxymoron). The example given is the transitional simplified procedures for customs: trade bodies knew about it but were unable to tell members, until it was announced on February 4, with just weeks to go. A letter on behalf of trade associations notes that the NDAs mean “trade has a fragmented understanding of HMRC’s plans for no-deal and has been unable to work collaboratively, either with HMRC or across different trade sectors, in devising effective solutions.”
A source told the Huffington Post: “Government seems to be starting to point the finger at industry for failing to be ready on March 29 and I think it’s come to a head slightly that industry is pretty pissed off we’re being blamed for this when the NDAs, and these procedures they’ve hidden behind, have meant that we can’t actually communicate any of these changes that are coming and help businesses get ready.”
Comment on this article