| Code: 205019 |

Following UK's exit from the European Union on 31 January 2020, Port of Rotterdam expressed its concerns about its trade relationship with the UK. Depending on the terms agreed, the free trade will bring new formalities, tariffs, quality regulations and environmental standards.

TINNews |

Following UK's exit from the European Union on 31 January 2020, Port of Rotterdam expressed its concerns about its trade relationship with the UK. Depending on the terms agreed, the free trade will bring new formalities, tariffs, quality regulations and environmental standards.

As Port of Rotterdam informed, there will be no major changes until 31 December 2020 at the earliest, since 31st of January notes the beginning of a transition period.

In fact, during this transition period of Brexit, the EU and the UK will negotiate and focus on their future cooperation after 31 December 2020.

As a result, Port of Rotterdam will have to ensure treaty arranges, the most favourable conditions for the import, export and transit of goods among the two markets.

"Together with Portbase, Dutch Customs, Rijkswaterstaat and the ferry terminals, the port of Rotterdam has done its best to adequately prepare for Brexit. By using Portbase, parties can continue to export and import goods without further complications. It is important in this context that all parties in the chain register with Portbase."

...Port of Rotterdam marked.

For the records, around 3.000 trucks drive to and from the ferry terminals in the Port of Rotterdam everyday, while about 40 million tonnes of goods are imported or exported between Rotterdam and British terminals.

In case that EU has not come in a trade agreement with the UK until the end of 2020, Rotterdam, Dutch Customs, Rijkswaterstaat, the Municipality of Rotterdam and NVWA will consider once again the situation and join their efforts to reduce the impacts of Brexit.

"Whatever shape the EU-UK partnership will take in the years ahead, it will in any case involve additional formalities and checks. In other words, registering with Portbase is truly a ‘no-regrets investment’."

...Rotterdam concluded.

In light of the situation, EU shipping recently announced that aims to maintain its trade relationship with the UK, as insists that it will be more beneficial for both to remain an integrated and seamless shipping centre.

#END News

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