Warwickshire business leaders welcome the new UK-EU trade deal

A NEW trade deal with the EU is a positive step forward for businesses in Coventry and Warwickshire.

This is according to the Coventry and Warwickshire Chamber of Commerce after a refreshed deal was agreed at the UK-EU Leaders’ Summit.

Corin Crane, chief executive of the Coventry and Warwickshire Chamber of Commerce, said: “Businesses have faced a significant amount of uncertainty in relation to trading overseas, so it is extremely positive that a UK-EU deal has been reached.

“We know the value that international trade brings, and any steps to remove barriers around this are welcomed.

“This deal will remove unnecessary checks on food and drink exports, link our emission trading schemes making life less costly for businesses and the use of E-gates at passport control will make travel simpler for businesspeople who cross EU borders on a regular basis.

“The deal has also seen a UK-EU defence and security pact established and more will be done around a youth mobility scheme.

“While there is still work to be done, this deal provides some much-needed stability. We will be supporting businesses across our region to navigate this new deal, as well as the US trade deal, and help more companies take their goods and services overseas.”

Shevaun Haviland, director general of the British Chambers of Commerce, added: “The summit marks a turning point in UK/EU relations which puts our trade relationship at the forefront of our partnership going forward.

“For four years, businesses have fought hard to sustain sales to the EU in the face of a rising tide of costs and paperwork which has severely dented their competitiveness.

“The British Chambers of Commerce had seven key asks of Government going into these negotiations which were based on four years of research and analysis involving thousands of firms.

“Today’s deal is good news on five of those. But we must not stop here, this agreement must be the foundation on which we aspire to build a much stronger business relationship going forward. That can only be of benefit to all our economies.”

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