With just over two months to go to the Brexit deadline on October 31st, Fine Gael is reminding businesses of the need to prepare for Brexit. In particular, the Fine Gael led Government has highlighted nine steps all businesses can take now to help prepare for the UK’s departure from the EU.
Minister Michael D’Arcy told WexfordToday.com; Brexit is less than 10 weeks away. In the midst of this uncertainty it is imperative that Wexford companies can and take immediate action to mitigate the potential risks and position themselves to take advantage of the opportunities.
“I strongly urge business locally to ensure they check the wealth of information available on www.gov.ie/Brexit and avail of the range of supports which are available to help Wexford businesses get through what may be a very difficult period ahead.
“My Fine Gael colleagues in Government have been working very hard to ensure we are as prepared as possible for the different possible Brexit scenarios.
“A practical step all businesses can take immediately is to ensure they have an EORI number. An EORI number is a European Union registration and identification number for businesses which undertake the import or export of goods into or out of the EU.
“The Government is again appealing to a number of sectors of concern to engage. I strongly urge all businesses operating locally to take immediate steps to make sure their needs are catered for,” Minister D’Arcy said.
There are nine steps that businesses, large and small, can do now: 1. Understand the new rules for UK importing and exporting. 2. Review your supply chain and UK market strategy. 3. Be aware of possible changes to transport and logistics. 4. Review all your certification, regulation and licencing. 5. Review your contracts and data management. 6. Ensure you are maximising Government Brexit programmes and supports. 7. Manage your cash flow, currency and make sure your banking is in order. 8. Protect and inform your staff. 9. Know more about the impact to your sector.
The ongoing Government contingency planning has indicated that the following sectors have low levels of Brexit preparedness: Smaller businesses who may not realise they are trading with the UK. Construction businesses. Manufacturing companies. Agri-food businesses, particularly those in food production. Retail particularly independent shops, and hardware stores who source products from or through the UK.
Tánaiste and Minister for Foreign Affairs, Simon Coveney TD, said: “Work on Brexit preparations has the highest priority across Government, particularly as the likelihood of a no deal Brexit increases. A no deal Brexit would have profound implications for Ireland on all levels. These include macroeconomic, trade and sectoral challenges, both immediately and in the longer term.”
The Minister for Finance and Public Expenditure and Reform Paschal Donohoe said: “It is vitally important that businesses do all they can now, to prepare for the impact of Brexit. One of the most practical steps businesses who trade with the UK can take is ensuring they have a customs registration, known as an EORI number. Having an EORI number is a necessary first step in being able to trade with the UK post Brexit.”
The Minister for Business, Enterprise and Innovation, Heather Humphreys TD said: “My Department has put in place a range of supports to help businesses of all sizes to prepare for Brexit. We are encouraging exporters and importers to check to see if their suppliers use the UK as a landbridge and to review their supply chain. Businesses should also be aware of whether they rely on products or services that are certified for compliance with EU standards by a UK body.”
The Minister for Agriculture, Food and the Marine, Michael Creed TD, said:
“I am repeating my call to businesses in the Agri-Food and related sectors to make sure that they know exactly what they will need to do in a no deal scenario and make the necessary preparations now. Businesses that move animals, plants, or products of animal or plant origin (including wood and wood products) to or from the UK should engage with my Department so that we can help ensure they are familiar with the requirements for importing or exporting such commodities from/to the UK.
“Agrifood businesses should ensure they are registered with Revenue and my Department, make sure you know what documents and certificates you have to submit, to whom you have to submit them and what are the time limits for submission. Decide who is going to be responsible for the submission of documents and certificates – you or a customs agent.”
If anyone is concerned about Brexit and the impact it may have on their daily life or their business, go to www.gov.ie/brexit which has advice on how to start preparing.