TOKYO – Japan and Britain signed a bilateral free trade deal Friday in the first such major post-Brexit deal, reducing tariffs on Yorkshire lamb sold in Japan, as well as auto parts for Japan’s Nissan plant. “How fitting it is to be in the Land of the Rising Sun to welcome in the dawn of… Continue reading Japan, Britain sign free trade deal for post-Brexit era
Tag: Brexit
Britain signs first major post-Brexit trade deal with Japan
By Reuters Staff 2 Min Read TOKYO (Reuters) – Britain and Japan formally signed a trade agreement on Friday, marking the UK’s first big post-Brexit deal on trade, as it continues to struggle to agree on a deal with its closest trading partners in the European Union. Slideshow ( 5 images ) “How fitting it… Continue reading Britain signs first major post-Brexit trade deal with Japan
UK carmakers warn no-deal brexit may undermine climate goals
U.K. carmakers warned that a no-deal Brexit could jeopardize the government’s plans to cut carbon emissions by reducing demand for electric vehicles. A failure of negotiators to reach a trade agreement would mean a reversion to World Trade Organization tariffs, which would raise the price of European Union-made EVs sold in the U.K. by 2,800… Continue reading UK carmakers warn no-deal brexit may undermine climate goals
‘No deal’ tariffs would undermine Britain’s green recovery with £2,800 drain on electric car affordability, warns SMMT
New calculations reveal ‘no deal’ tariff threat to Britain’s green recovery, with £2,800 average price uplift on EU-built EV effectively cancelling out UK’s plug-in car grant. Shock of higher cost risks reducing increased BEV demand next year by at least 20%, hampering UK’s efforts to reach ambitious emissions reduction targets. Tariffs would also add £2,000… Continue reading ‘No deal’ tariffs would undermine Britain’s green recovery with £2,800 drain on electric car affordability, warns SMMT
Car buyers face £1,900 additional cost in case of no-deal Brexit
Automotive industry Tariff hit for electric vehicles likely to be £2,800 per car, with risks to UK’s net zero plans The industry fears another damaging hit at a time when the pandemic has cost 600,000 sales compared with 2019. Photograph: Carl Court/Getty The car industry has said a no-deal Brexit will add thousands of pounds… Continue reading Car buyers face £1,900 additional cost in case of no-deal Brexit
‘Extremely damaging’ no deal in Brexit trade talks would cut Bentley’s profits
By Reuters Staff 1 Min Read FILE PHOTO: A logo of Bentley is seen outside a Bentley car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves Herman (Reuters) – Failure to strike a Brexit trade deal with the EU would be “extremely damaging” and cut profits by up to… Continue reading ‘Extremely damaging’ no deal in Brexit trade talks would cut Bentley’s profits
SMMT reaction to PM statement on Brexit negotiations
16 October 2020 #Europe #SMMT News Mike Hawes, SMMT Chief Executive, said, Make no mistake, the automotive industry will not prosper from ‘no deal’. It would have a devastating impact on the sector, on the economy and on jobs in every region of Britain. Businesses have been battling coronavirus at the same time as investing… Continue reading SMMT reaction to PM statement on Brexit negotiations
The impact on dealers of the UK’s exit from the EU
As Brexit talk deadlines extend, the position of the UK Motor sector remains a cause for concern. At OEM level the prospect of a 10% tariff on cars moving in and out of the UK from the EU now seems increasingly inevitable. We know that manufacturers have differing approaches to the issue with Ford having… Continue reading The impact on dealers of the UK’s exit from the EU
BMW says Brexit could cost auto industry 10-11 billion euros
By Reuters Staff 2 Min Read FILE PHOTO: The BMW logo is seen on a steering wheel during the media day of the 41st Bangkok International Motor Show after the Thai government eased measures to prevent the spread of the coronavirus disease (COVID-19) in Bangkok, Thailand July 14, 2020. REUTERS/Jorge Silva FRANKFURT (Reuters) – BMW… Continue reading BMW says Brexit could cost auto industry 10-11 billion euros
UK’s Frost: Deal or no deal, we need practical agreements with the EU
By Reuters Staff 1 Min Read FILE PHOTO: Britain’s chief negotiator David Frost arrives to attend Brexit talks with EU’s chief negotiator Michel Barnier at the EU Commission in Brussels, Belgium July 15, 2020. REUTERS/Francois Lenoir LONDON (Reuters) – Britain will need to keep negotiating with the European Union even if a full free-trade agreement… Continue reading UK’s Frost: Deal or no deal, we need practical agreements with the EU