Car companies at @CommonsBEIS re WTO terms:
Honda: “10% tariff would make vehicles uncompetitive and impose costs we cant afford to absorb”
Honda: “10% tariff would make vehicles uncompetitive and impose costs we cant afford to absorb”
2/5 Honda employs 3,400 in Swindon ... Non tariff barriers could have greater impact than tariffs, it says...
3/5: leaving customs union? Honda: “tying up capital mitigating customs risks” will reduce resource to introducing new hybrid/electric cars
4/5 Honda warns of “friction in the supply chain” as a third of suppliers have “no experience” of customs and “may struggle”... AEO “issues”
5/5 Honda: need new customs arrangements “now, not 2019” - even then need transition in customs union & SM & then implementation phase
Full Honda submission: UK auto insufficient domestic content to prioritise new trade deals, & asks to keep EU regs data.parliament.uk/writtenevidenc…
