Speaking on publication of the Government Paper on suggestions for ensuring trade in goods and services can continue on the day the UK leaves the EU, Britain’s chemical industry has supported the approach being taken.
Steve Elliott, Chief Executive of the Chemical Industries Association said “I think the Government is taking exactly the right approach in this area, acknowledging the need for chemical businesses to be reassured that significant regulatory commitments and related costs, such as those already undertaken under REACH, will remain valid after exit from the EU. The approach outlined by Government confirms where businesses have undertaken compliance activities prior to exit, they should not be required to duplicate these activities in order to place goods on the UK and the EU market after exit. This includes recognising the validity of type approvals, certificates and registrations issued prior to exit”.
Elliott continued: “with 60% of our exports going to the European Union and 75% of our imports coming from the EU27, it is absolutely essential that UK chemical businesses can continue to trade both finished goods and raw materials without any disruption during an appropriate transition period with the EU. Furthermore we do need to take account of the relationship post-transition and these current discussion should prepare for that. Accepting the ongoing validity of all pre-departure registration activities marks a significant step in securing that outcome”.Ends
• For an interview with/further comment from Steve Elliott please call Luke Symns on 020 7963 6791 or Simon Marsh on 07951 389197
• The Association has member companies located across the UK. Our members are chemical and pharmaceutical businesses.
• Our industry is one of the UK’s top manufacturing exporters.
• The chemical and pharmaceutical industry adds £14.4 billion of value to the UK economy every year from total annual turnover of over £40 billion. This represents around 10% of the value added by the whole of UK manufacturing.
• In addition to gross value added, the sector also contributes to the UK economy in its position at the head of many supply chains within manufacturing and its employment of a well remunerated, high-skilled workforce. Chemical manufacturing adds £9 billion in gross value added annually and pharmaceutical manufacturing £5 billion.
• UK chemical and pharmaceutical companies invest around £4 billion in capital and R&D.
• The wider chemical and pharmaceutical sector (manufacturing plus distribution) is the largest exporter of manufactured goods with annual exports of close to £50 billion. The export of motor vehicle, trailers and semi-trailers is the sector with next highest exports of £35 billion.
• 63% of companies in the sector export what they make to the world, the highest proportion of any goods manufacturing sector in the UK economy. 60% of our exports go to the European Union and 75% of our imports and raw materials come from the European Union.