Digitalising trade process can mitigate potential $77.6bn Brexit fall-out, says ICC UK Secretary General on BBC World News

How will channel tunnel border checks change when Britain leaves the EU? Speaking on BBC World News, ICC United Kingdom Secretary General Chris Southworth explains what post-Brexit changes might mean for the $150 billion – or 17 percent – of goods that head into and out of the United Kingdom’s port of Dover every year.

The numbers make for uneasy reading. If Britain leaves the single market and Customs Union with no free trade agreement in place, it could cost EU and UK companies over $77.6billion a year.

But the damage can be mitigated.

“This is a big opportunity to digitise trade,” Southworth stated, going onto explain how the implementation of efficient IT process instead of today’s heavily paper-based trade documentation stands to help businesses in the UK and abroad save time and costs when executing cross-border business.

A core part of its advocacy, ICC United Kingdom plays a large role promoting digital trade in the UK and at the WTO – promoting digitalisation as key to increasing the number of women and SMEs in the global economy.

The full interview can be seen on BBC iPlayer here.

Leave a Reply

Your email address will not be published.