With the three month’s Brexit extension accepted by the EU, the danger of a disruptive no-deal Brexit on 31 October is removed. We are now hoping for a final ratification of the recent Brexit agreement and a timeline before 31 January so the transition period can begin. The transition period will guarantee business as today until at least the end of 2020.
The extension removes the risk of a cliff-edge Brexit and means that we can all focus more on our daily business in the affected areas, at least until 31 January 2020.
However, we may still face a no-deal Brexit if the agreement and the timeline haven’t been ratified by the UK before 31 January 2020.
And even though the agreement and the timeline get ratified, we do not yet know what the trade agreement that is anticipated to follow the transition period will look like. The UK and EU can agree to extend the transition period if they need more time to negotiate a trade agreement, but we have no guarantee that negotiations will be successful.
Therefore, we can’t rule out a no-deal Brexit at a later time and will continue maintaining and refining the systems and processes we have developed for Brexit. Yesterday’s extension also gives us more time to focus on building the expertise to offer customs services to our customers and informing them about the preparations they need to make.
Thank you again for your contribution to our high level of preparations for Brexit. There is a lot to be proud of. In our Brexit team, in business in all relevant locations and in IT you have gathered expertise and knowledge. You have built new processes and systems and tested how they work – and established unprecedented collaboration with our partners in the Governments, authorities, ports, at terminals and among customers.
All this means that we can approach the next Brexit hurdles with confidence if no solution is found before the deadline(s).
October 29, 2019