We are pleased to hear a draft agreement has been reached. If signed off on Sunday, the agreement represents another small step towards the much needed certainty that business has been calling for. From the outset the chemical industry’s priorities have been:
- Frictionless, tariff-free trade
- Regulatory consistency
- Access to skilled people
Marco Mensink, Director General of Cefic and Steve Elliott, CIA Chief Executive, jointly state: “With that in mind we believe this political declaration continues to keep alive a successful resolution to our industry’s concerns. In particular, the explicit reference to exploring the possibility of cooperation of UK authorities with Union agencies such as the European Medicines Agency, the European Chemicals Agency and the European Aviation Safety Agency, is an important platform for our industry. Given this commitment, chemical businesses in the EU27 and the UK will be working with negotiators to ensure the UK’s continued participation in the European Chemicals Agency”.
For further information, please contact CIA's Simon Marsh on 07951389197, [email protected]
Cefic, the European Chemical Industry Council, founded in 1972, is the voice of large, medium and small chemical companies in Europe, which provide 1.2 million jobs and account for 17% of world chemicals production.
- The chemical and pharmaceutical industry adds £18 billion of value to the UK economy every year from total annual turnover of £50 billion.
- 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. We support 500,000 jobs both directly and indirectly Chemical manufacturing adds £9 billion in gross value added annually and pharmaceutical manufacturing £9 billion.
- The wider chemical and pharmaceutical sector (manufacturing plus distribution) is the largest exporter of manufactured goods with annual exports of over £50 billion. The export of motor vehicle, trailers and semi-trailers is the sector with next highest exports of £35 billion. Aerospace is £32 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.
- The sector’s level of business investment is £4.3 billion, compared to automotive £2.7 billion and aerospace £2.1 billion, while the expenditure on research & development is £5.0 billion (automotive £2.7 billion and aerospace £2.1 billion).
- The products and technologies of the Chemical industry are essential parts of medicines, food & drink, telecommunications, energy-saving, I.T, clothing and much more.
- For every tonne of Greenhouse Gas (GHG) emitted, our products and technologies enable over 2 tonnes of GHG emissions savings.