At the recent CEO Roundtable, those attending asked the BCC to create a simple ‘Business Brexit ‘Health-Check’ that Chambers can brand and use with SME members that are yet to consider the implications of change.

This list of questions below are designed to stimulate a discussion, not all questions will apply to all traders.  Input from the network to develop this list is welcomed.

THE QUESTIONS

1. Does your company trade outside of the UK?
2. Does your company trade outside of the EU?
3. What countries do you sell to now and do you believe that Brexit could affect future supplies and/or orders?
4. What countries are you buying from, is your supply chain secure?
5. Do you currently buy components of your finished goods from the rest of the EU?
6. Do you declare EU origin for the goods that you sell outside of the EU?
7. Could rules of origin impact on your ability to benefit from Free Trade Agreements (FTAs) in future?
8. What currency are you being paid in now and how will you manage rate fluctuations in future?
9. Does your company benefit from EU Free Trade Agreements (FTAs)?
10. If WTO rules were applied to your exports, how might it affect your sales and competitiveness?
11. If WTO rules were applied to your imports, would you be encouraged to find a local supplier instead or pay the tariff?
12. Do you utilise and benefit from tariff rate quotas in any of your trades?
13. Has your company made customs declarations in the last 3 years?
14. Do any of your staff hold a recognised and accredited international trade qualification?
15. Are the products you sell subject to tariffs in the markets you export to now?
16. Are the products you buy subject to tariffs at the UK border?
17. Do you have a branch office or head office outside of the UK?
18. Could new rules on the free movement of EU passport holders affect your business after Brexit?
19. What support do you think you will need to help you to navigate a changing export environment?

For more information please contact: Liam Smyth, Director International Trade Facilitation l.smyth@britishchambers.org.uk | 020 7654 5811