Thursday, May 26News That Matters
Shadow

Tag: advised

EU firms advised not to use British parts ahead of Brexit

EU firms advised not to use British parts ahead of Brexit

Business
European governments are advising businesses not to use British parts in goods for export ahead of Brexit, Sky News has established.  In its advice rolled out to all Dutch businesses, the Dutch government has told its exporters that "if a large part of your product consists of parts from the UK" domestic exporters may lose free trade access under existing deals.The advice says: "Brexit will have consequences for exports outside the EU."After Brexit, parts made in the UK no longer count towards this minimum production in the European Union." Image: The Dutch Brexit Impact Scan says exporters may lose free trade access if they use UK parts This is a reference to what are known as "rules of origin" and "local content" under internati...