Sim­ple step to pre­pare for a deal or no deal

Gloucestershire Echo - - BUSINESS -

» AROUND 24,000 com­pa­nies in the South West that ex­port to Europe are be­ing warned they need to take ur­gent ac­tion as the prospect of a no deal Brexit looms larger.

The warn­ing comes from James Monk, Busi­ness West’s in­ter­na­tional trade ser­vices di­rec­tor.

He says it is vi­tal com­pa­nies ex­port­ing to the EU must have an EORI (Eco­nomic Op­er­a­tor Reg­is­tra­tion and Iden­ti­fi­ca­tion ) num­ber which is is­sued free of charge by the Bri­tish gov­ern­ment.

Mr Monk saidd: “While we recog­nise there is lots of uncer­tainty go­ing for­ward about Brexit, one of the proac­tive things com­pa­nies can do is to get an EORI num­ber and get it now.

“If we leave with­out a deal and your com­pany is ex­port­ing to Europe you will have real prob­lems if you haven’t got an EORI num­ber.”

Com­pa­nies trad­ing out­side the EU will al­ready have an EORI num­ber and do not need to ap­ply for an­other one.

He said: “Lots of com­pa­nies are prob­a­bly bury­ing their heads in the sand. They don’t know whether we are leav­ing or not leav­ing.

“In the South West we are prob­a­bly look­ing at around 24,000 com­pa­nies cur­rently trad­ing in Europe which will need their spe­cial num­bers.”

An EORI num­ber al­lows a com­pany to im­port and ex­port goods when trad­ing with third coun­tries.

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