Indeed ROI would be "paying the price" for ensuring there is no border between north and south.
I'm not sure what the tangible impact would be on trade between ROI/EU but any costs and delays would now be for the EU MS to absorb. Significant transfer of responsibility here.
And difficult to imagine this being introduced without any further consequences for the UK as it would normalise UK's unwillingness to implement the Protocol. A document the UK:
✅promoted domestically as a massive success.
So I have a feeling many companies are in for a rude awakening this month - the first round of supplementary customs declarations for companies importing from the EU
Thanks to the UK Gov's easements there was an option to defer customs declarations for the first 6 months and submit the bare minimum of data at the time of import (usually done by the carrier, logistics provider)
This was to be followed by a full, supplementary declaration up to 175 days later.
While I have often said that I don't believe the pandemic will significantly shift supply chains (which are formed as a response to costs, availability, taxes and a number of other factors) I was thinking it's likely to impact the approach to inventory management.
The authors are equally sceptical about "supply chain resilience" but go even further when it comes to assessing the likelihood of impact on the type of inventory management - expanding storage space and increasing your inventory costs money.
While this focuses on the WTO, obviously parallels can be drawn between the WTO transparency debate, the wider transparency in trade debate and the recent discussions around the UK's trade strategy (FTA talks).
I think when it comes to transparency in trade a question that's more important than "should we?" is "how to?".
But I also remember where we were in the Brexit debate around the same time and I think the potential impact, scope and trade-offs related to FTAs might not have been fully understood.
To be fair, I recently had an opportunity to ask a few companies about their interest in and "wish list" for these FTAs (not a representative sample) and the interest and level of engagement was really low.
We talked about overlapping agreements - bilaterals vs the CPTPP. @Liam_Sm_Y_th made a good point - that it's the traders that bring these agreements to life.
Combining these two points - with the overlapping trade agreements it's going to be even more crucial to provide UK companies with a good source of reliable information on market access conditions and requirements under all existing deals.
for me, it’s not a question of how often the Customs Committee meets but the conversations that take place on a completely different level – customs administration to customs administration, officer to officer.
There are two completely different levels here:
1⃣ customs, SPS and border formalities and requirements
1⃣ Companies will experience the consequences of the new formalities differently: for some things are working well(ish), others are no longer able to trade and their entire business model has collapsed.
It's a spectrum - where you are on that spectrum depends on your supply chain, industry etc.