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Lack of no-deal Brexit trade agreements could cost UK $2 billion

UNCTAD issued a study concerning the alleged no-deal Brexit, highlighting that the UK as a member of the EU, participates in approximately 40 agreements along with market access to about 70 countries, which may stop having access to after the no-deal Brexit. The UNCTAD research notes that if these agreements are not concluded by exit day, it would cost the U.K. economy almost $2 billion in exports.

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How the Port of Antwerp prepares for Brexit

The newly appointed British ambassador Martin Shearman visited the Port of Antwerp, figuring Brexit high on the agenda. According to the Port, the uncertainty over Brexit continues, and there will be radical changes in the transport of goods between the EU and the UK. The Port of Antwerp also expects a modal shift from ferry to container transport by short-sea shipping.

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Port of Cork doubles size of customs facilities ahead of Brexit

The Port of Cork announced that it has doubled the size of its customs facilities, in preparation for the likelihood that the UK will depart the European Union (EU) with a no-deal Brexit, on October 31st, 2019. The Port concluded that if the UK leaves the EU single market and customs union without an agreement it is possible that more intensive checks and declarations will be needed.

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