Summary
The European chemical industry, a significant contributor to sustainable development and employment, faces uncertainty due to Brexit. This joint statement by Cefic and the UK Chemical Industry Association (CIA) highlights concerns over the potential negative impacts on competitiveness, supply chains, and employment. The UK's departure from the EU may lead to complex and costly customs procedures, tariff reintroductions, and regulatory divergences, disrupting the integrated supply chains essential to the industry. The statement underscores the need for a transitional period, regulatory consistency, and the free movement of skilled labour to mitigate these impacts. Both organisations call for strategies to maintain Europe as an attractive investment hub.
Key Takeaways:
- Transition Period: A transitional period between Brexit and a new trade relationship is essential to prevent market disruptions.
- Customs Procedures: A minimally disruptive agreement on customs is crucial to ensure the smooth flow of goods and to avoid additional costs.
- Skilled Labour: The free movement of skilled labour between the EU-27 and the UK is vital for the chemical industry’s operations.
