Simple step to prepare for a deal or no deal
» 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.