Brexit Update – Global Trade This Week – Episode 9

What’s going on in Global Trade this Week? Find out with Pete Mento of the TradeGeek podcast and Doug Draper of the Uptime Logistics podcast.

Today, Doug is joined by international correspondent Ian Richardson of iSCP (HK) Limited - currently over in the London area. With all the recent year end happenings around Brexit, Ian shares his perspectives on:

What’s New?
+NEW UK-EU Free Trade Deal Has Been Announced
Link to full text

What’s Next?
+Time to read and interpret 1,200 - 2,000 pages of agreement text
+UK will now be interacting with 28 member states rather than one EU
+Industry will have to implement new documentation, coding, and statistical data gathering processes
+Punitive charges for rent and demurrage
+Working through issues and backlogs that arise (current ones are COVID related)
+Upcoming shortage of truck drivers?
+Cyber and physical security implications?
+Overcoming challenges to keep borders safe while keeping trade moving
+Senior British cabinet leaders are saying to expect changes to the way things have been done for personal travel (and cargo shipments)
+ Special Relationship Diplomacy: Ian personally believes a Free Trade deal with the US would be welcome from the UK perspective

You can find Ian Richardson of iSCP (HK) Limited at the links included, and more about CAP Logistics and CAP Worldwide at their websites: https://www.caplogistics.com/ and https://www.capwwide.com/.