IAAF welcomes Brexit trade deal despite inevitable implications

Parts sourced from outside EU zone could see additional tariffs for both importing and exporting

IAAF welcomes Brexit trade deal despite inevitable implications
Wendy Williamson, IAAF chief executive.

The Independent Automotive Aftermarket Federation (IAAF) has welcomed the agreed Brexit trade deal, pointing to particularly positive aspects that provide foundations for the future of the UK aftermarket and its relationship with the European Union (EU).

However, whilst in principle trade remains tariff free for goods produced in the EU or UK, there will be implications for product sourced from outside of the EU zone.

Wendy Williamson, IAAF chief executive, said: “For so many years, we have been used to taking the EU rules for granted but we will inevitably see a change.

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“For example, Far East sourcing is common among UK businesses, and there could be implications for additional tariffs for both importing and exporting, as we no longer have free transfer of goods on non-EU/UK products in the EU.

“Plus, of course, there will be an additional administrative burden involved in the process, which potentially will be more time consuming and attract additional costs.

“Businesses have very little time to acclimatise to the new way of working and we will do all we can to work with members to ensure a seamless phase-in period.”

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Despite the implications the IAAF has welcomed the news, suggesting a no-deal Brexit “would have been a disaster”.

Wendy added: “Although there is still much work to be done around Rules of Origin and its complexities, many businesses within the aftermarket have been trading outside of the EU for several years and therefore will already be very familiar with the rules and regulations in this regard.”

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  • #206700 Reply

    The Independent Automotive Aftermarket Federation (IAAF) has welcomed the agreed Brexit trade deal, pointing to particularly positive aspects that pro
    [See the full post at: IAAF welcomes Brexit trade deal despite inevitable implications]

    #206724 Reply
    Meat-Head
    Participant

    Not good enough, was promised if voted brexit no french cars to work on, all other
    Europeanised cars would stop working.

    First day back, first job, doing routine job ended up smacking a seat
    Runner with lump hammer, then welded it and painted it black!

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