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Global Business Connected Business

Issues for Action: Global Business

06 Dec 2019

trade

A large majority of IoD members trade internationally in some form, and many more have ambitions to do so. Meanwhile, workers from abroad contribute to more than half of our members’ organisations. Simply put, our members are wired into the global economy.

However, surveys, events, and extensive discussion with members have highlighted that the concrete issues they want to see addressed are often lost amid the Brexit debate. Therefore, our new report, Issues for Action: Global Business, outlines a number of recommendations to help UK businesses on the world stage, across a range of Brexit scenarios.

Read Issues for Action: Global Business here

List of recommendations:

Brexit
  • Deliver more targeted financial assistance for Brexit planning and adjustment
  • Commit to a proper adjustment period before any new relationship with the EU comes into effect
  • Step up preparation and communication on the trade deal continuity process
  • Take steps to protect Northern Ireland’s place in the UK internal market
  • Supply Northern Ireland Office and NI Civil Servants with greater resource to manage Brexit planning
  • Ensure Brexit-facing departments have a helpline and/or communication outpost for businesses to engage with directly
Trade
  • Commit to a “trade sense check” principle and impact assessment criterion for new regulation
  • Make imports part of the government’s narrative for trade policy and trade promotion
  • Review or delay the decision to scrap Low Value Consignment Relief in conjunction with Brexit
  • Put trade facilitation – and a cross-governmental Single Window-type system to streamline import/export procedures – at the heart of DIT’s policy objectives
  • Promote and provide training on the new Incoterms 2020 changes
  • Publish clear negotiating objectives (and defensive priorities) before each and every new trade negotiation
  • Create more flexibility within the Tradeshow Access Programme
Migration
  • Involve business in the design of the new immigration system
  • Confirm there will be no net migration target
  • Prioritise a preferential and reciprocal agreement on movement of people and labour with the EU after Brexit
  • Improve the accuracy of migration data
  • Ensure the new immigration system is easy to use and understand for businesses
  • Remove the Immigration Skills Charge

IOD_Brexit

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