UK car industry says full European Union deal not possible over two years

Britain’s overwhelmingly foreign-owned car industry wants to preserve unfettered access to the EU and also ensure that just-in-time delivery of parts is not disrupted by tariffs or border checks.

By: Reuters | London | Published:June 20, 2017 4:00 pm
UK car industry, Brexit and UK ca industry, Brexit and UK car industry news, EU and Britain news, European union news , Intentional news, World news, Latest news Only 44 percent of parts which go into a British-made car come from Britain, said Britain’s Society of Motor Manufacturers and Traders. (Source: Reuters)

Britain’s car industry does not believe the UK will be able to strike a full and comprehensive Brexit deal with the European Union during the course of two-year talks and must secure interim arrangements to help safeguard the sector. “Our biggest fear is that, in two years’ time, we fall off a cliff edge – no deal, outside the single market and customs union and trading on inferior WTO (World Trade Organisation) terms,” said Mike Hawes, chief executive of Britain’s Society of Motor Manufacturers and Traders (SMMT).

“We need government to seek an interim arrangement.” Britain’s overwhelmingly foreign-owned car industry wants to preserve unfettered access to its biggest export market and also ensure that just-in-time delivery of parts is not disrupted by tariffs or border checks.

Only 44 percent of parts which go into a British-made car come from Britain, the SMMT said on Tuesday.

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