The IoD recently published the definitive report on managing the process of leaving the EU. The report, titled Navigating Brexit: Priorities for business, options for government, has been presented to the Government and offers a series of recommendations when it comes to negotiating new trade deals.
Download the full report
To give you a flavour of what to expect, here are 7 things you will learn from the report about the IoD’s position on a number of crucial issues surrounding the UK’s departure from the EU…
ONE: That members’ confidence took a knock immediately after the Brexit vote but has since regained most of its lost ground.
TWO: The issues considered of greatest importance to IoD members when it comes to the areas of Brexit and trade.
THREE: Why leaving without a trade deal and reverting to World Trade Organisation rules would be hugely disruptive to business. Government should be prepared to extend trade negotiations if necessary.
FOUR: Why the government should consider re-joining the European Free Trade Association (EFTA) as a useful step to accessing existing trade agreements with non-European markets.
FIVE: Understanding why, after triggering Article 50, the exit process could well take longer than two years.
SIX: The IoD’s priorities for a deal, including tariff-free trade, minimising both customs delays for goods and bureaucratic hurdles for European employees, and continuing joint scientific research projects.
SEVEN: Why the Government’s first move should be ensuring negotiations for the exit deal and the future trade arrangements take place in parallel, to make the process of Brexit is as smooth as possible.
In response to the Brexit EU referendum vote, we have created a hub where you can find the latest information, guidance and advice to support and inform you and ensure you are fully up to date.
View the hub
Need help or advice? Take full advantage of our member only Brexit helpline by calling +44 (0)20 7451 3400.