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Vicenza and Brexit, if it will be no deal export risk for 1,400 companies

2020-12-02T05:22:48.984Z


There is a special observatory in the Northeast with respect to Brexit, and to the risks that the Covid emergency adds to the UK economy: it is that of Vicenza, where an 'army' of 1,400 companies has constant exchanges with London, which represents the fourth market for this industrial area. Just to turn the spotlight on Brexit and the Covid crisis, Confindustria Vicenza has promoted a webinar - f


There is a special observatory in the Northeast with respect to Brexit, and to the risks that the Covid emergency adds to the UK economy: it is that of Vicenza, where an 'army' of 1,400 companies has constant exchanges with London, which represents the fourth market for this industrial area. Just to turn the spotlight on Brexit and the Covid crisis, Confindustria Vicenza has promoted a webinar - from its headquarters in Palazzo Bonin Longare - entitled "The UK's exit from the EU: what to expect starting from January 1, 2021", in collaboration with Intesa Sanpaolo and the British Chamber of Commerce for Italy. Among the speeches, that of Remo Pedon, vice president of the Vicenza industries, with responsibility for foreign markets, Tom Noad, President of The British Chamber of Commerce for Italy; Eleanor Sanders, Deputy Head of Mission of the British Embassy in Rome; Luca Mezzomo, Intesa Sanpaolo Studies and Research Department; Steven Sprague, lawyer and Head of the Brexit Committee of The British Chamber of Commerce for Italy For Vicenza, exports to Great Britain are worth almost a billion a year, and the hypothesis of a no-deal, associated with the pandemic, is a very worrying scenario. "The UK's exit from the EU worries us a lot, all the more so if this exit will not be accompanied by a trade agreement establishing a free trade area and harmonized trade rules," Pedon said. The flow of Made in Vicenza exports, in essence, risks coming to terms in the short term with the limits associated with the UK exit from the EU. "In the United Kingdom between Brexit and Covid-19 the scenario remains problematic" underlined the research by Intesa illustrated by Luca Mezzomo. According to the study, there is "a very diversified sector dynamic of the crisis. Manufacturing production remains 11% below pre-Covid levels, while the gap is double for many service segments, reaching -68% for hotels and catering ". "The impact of the pandemic crisis on imports - continues the analysis - was violent, with peaks of up to 40%, despite the summer recovery. At the same time in the United Kingdom investments from abroad have slowed down, which has caused difficulties in services ". The same research shows that "about 40% of British companies declare that they are not prepared, or only partially prepared, for leaving the European Union, with the major problems in the trade, logistics and manufacturing sectors". "We are confident in a final negotiation rush - Pedon still hoped - but obviously we must also prepare ourselves to manage our business in the worst scenario". Tom Noad, president of the Uk Chamber of Commerce for Italy, underlined how the role of the chambers of commerce is "now more important than ever. We have 30 days before the expiry of the transitional period in which we must find an agreement which afterwards must also be ratified, because from January 1st the relationship between the UK and Italy will change dramatically. We are ready to assist all our members in preparing for these changes, and we have recurring seminars scheduled to address each update ". The variations that will also affect the change in the movement of people was one of the topics touched by Eleanor Sanders, British Deputy Ambassador to Rome. "There will be new rules for citizens and workers, including those on permanence in the UK. Italy is the 10th / o trading partner for the UK, we understand the importance of economic, political and cultural relations and we will do our best to ensure that the relationship "We will always do our part - assured Sanders finally - to ensure a safer and fairer world." To this is obviously added the Covid 19 crisis, which has hit the United Kingdom as hard as Italy, but the reduction mobility was greater. According to the Intesa Sanpaolo study, the contagion containment measures could cause a reduction in GDP in Great Britain of 3-4% during 2020. Steven Sprague, lawyer and head of the Brexit Committee of The British Chamber of Commerce for Italy. "Most of the 43,000 Italian companies that have constant relations with the UK - he said - have not yet asked themselves a series of questions with focuses on how behavior will have to change in relation to the management of company offices, including production sites and warehouses, and the mobility of personnel, as well as customers and suppliers ". "With the UK exit from the customs union - the lawyer stressed - that with the United Kingdom will become a border in all respects and, with regard to duties, those on products that are very relevant to the Italian economy will be kept at the highest levels such as components for automotive and agriculture ". Precisely to assist Italian companies in this difficult phase, Confindustria Vicenza has opened a new channel on Linkedin, called SOS Brexit, to which all operators working with the British market are invited to join.

In collaboration with:


Confindustria Vicenza

Source: ansa

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