New Report on the Impact of WTO Rules on UK Industry by Association Collaboration

Phil Black - PII Editor 10/02/2017

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During January 2017, GAMBICA and BEAMA ran a survey with member companies to look at the impact on industry if WTO rules were applied for the future trading relationship between the UK and the EU. This report analyses the results of the survey.

Members expressed concern at the negative impacts from moving to WTO rules, including increased tariffs, additional administration and customs delays.

The majority of members have both import and export trade activities, with EU imports being the largest percentage of turnover by a factor of three compared to EU exports, or trade with non-EU countries.

In seeking any potential benefits, three-quarters of membership thought there would be no advantage from fewer EU regulations. Most members would still need to adhere to EU regulations, particularly for products and systems.

The results of the survey will help to form an industry position as part of a new EURIS task force (EU relationship & Industrial Strategy) that BEAMA and GAMBICA have established.

This survey was also part of a wider survey being carried out by EAMA (Engineering and Machinery Alliance), of which GAMBICA is a member.

The report can be downloaded from here