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Industry News

Published on February 14th, 2019 | by The GC Team


Last slow boat from China?

The last UK-bound boat from China scheduled to reach here by 29th March 2019 – Brexit Day – has sailed, and thousands of Chinese-produced products and components shipped from China to the UK every month by sea will arrive too late for resale into the EU before Brexit.

Online parcel price comparison site ParcelHero has warned that UK retailers and traders who source their products from China for resale in the UK/EU are now faced with the prospect of ordering products “blind”, without knowing if there will be extra duties to pay by the time they can be sold.

The firm’s Head of Consumer Research David Jinks MILT said: “It’s putting UK sellers in an impossible position, not knowing if their goods will be still be competitive or face punitive new tariffs.

“How can they be expected to place future orders under these conditions?”

Exports and imports by ship to and from other key UK markets will also be affected, added Jinks: “That means, should the UK crash out of the EU with no deal, the EU’s hard-won trade agreements will no longer apply to British goods, which will face significant new tariffs under WTO rules.”

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