Sunday, April 21, 2024

EU bins import regulation and eases pressure on UK businesses

Thousands of UK businesses have been relieved of an admin burden after the European Union decided to lift its rules about importing products containing iron and steel to the EU.

Since last autumn, companies exporting such goods have been required to provide ‘mill certificates’ to prove the elements did not originate from Russia. This proved either expensive or impossible for many UK businesses, resulting in the loss of crucial export markets.  

After months of talks involving the British Chambers of Commerce and officials from the UK and EU, the paperwork requirement has been scrapped. Officials in Brussels have now designated the UK as a partner country on steel sanctions against Russia, meaning the certification paperwork is no longer needed.  

BCC’s Head of Trade Policy William Bain said:  “Businesses up and down the country will be delighted at this outcome. A lot of hard work has got us to this position, which is strongly welcomed by the whole Chamber Network.  

“We had many meetings and communications with both the UK government and the EU to highlight the negative impact the mill certificate requirements were having. In roundtables with senior officials, firms bravely described their experiences of ongoing lost orders and cash flow issues.  

“Without those accounts from real businesses about the nature of the problem, and the need for a pragmatic fix, we could not have got this far. We’d like to thank to UK and EU officials for listening to the concerns of businesses and agreeing a solution.  

 “This is a big win for the collective power of our Chamber network. It’s a welcome boost for thousands of British exporters ahead of the Easter weekend.” 

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