Preparing your business for Brexit
Now is the right time for Australian businesses and individuals to think
about what Brexit could mean for you and your company. How the UK will exit
from the EU remains uncertain.
Potential exit pathways include:
an amended Withdrawal Agreement is approved, with a transition
period. During the transition period it is likely that the status quo for
trade will continue (Explainer on the Withdrawal Agreement).
a no deal Brexit.
No deal Brexit
Australian businesses should consider how a ‘no deal’ scenario could affect
them, and begin taking steps to mitigate against such a risk.
Some key things businesses should be thinking about:
- What volume of trade do you currently have with the UK and the EU and
what are the potential supply chain implications?
What guidance for importing to and exporting from the UK and the EU do
you need? There is information available through the
Department for Exiting the European Union
European Commission Preparedness notices
Do you need legal advice and/or to engage a migration agent, customs
broker, freight forwarder or logistics provider, to support you in
preparing for all eventualities, including ‘no deal’?
For more information
Additional information on Brexit can be found on the following Australian