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UK Carmakers Asked To Keep Duty-free Trade With & Nbsp; Europe

UK Carmakers Asked To Keep Duty-free Trade With & Nbsp; Europe
UK Carmakers Asked To Keep Duty-free Trade With & Nbsp; Europe

Video: UK Carmakers Asked To Keep Duty-free Trade With & Nbsp; Europe

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Video: Kenya-UK trade: British firms to ship goods duty-free for 25 years 2023, January
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Representatives of the UK auto industry have asked the government to maintain duty-free car exports to European countries after leaving the European Union. In the event that customs duties do appear, this may negatively affect production volumes, writes Automotive News Europe.

  • Car production in the UK is mainly exported, so it is important for factories to maintain a duty-free trade regime. According to the plan, the UK will leave the European Union on January 31, 2020, but the current trade agreements will remain in force for another 12 months. By 2021, a new deal will be concluded, in which the British representatives want to achieve mutually beneficial terms of cooperation.

  • Throughout 2019, car production in the UK shows a negative trend. In November, only 107.8 thousand cars were produced, which is 17% less than a year ago. In total, by the end of the year, factories sank by 15%, 1.2 million cars were produced. At the same time, the demand for new cars on the local market in November also turned out to be worse than last year: minus 1.3%, 156.6 thousand units. However, for 11 months the dynamics are more favorable: plus 2.7%, 2.162 million units.

In the UK, the production of Bentley, BMW Jaguar, Honda, Land Rover, Mini, Nissan, Rolls-Royce, Tata, Toyota, Volkswagen and Vauxhall cars has been established.

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