ETRMA position on EU-UK Trade Relations

31 July 2020

The EU and the UK are close trade partners, particularly with regard to the automotive industry, whose value chains are strongly interlinked.

Continuity is the word that best represents the recommendations of the European tyre and rubber sector when looking at shaping EU-UK trade relations. To do so, the needed ingredients are regulatory cooperation, 0% tariffs, effective customs both in terms trade facilitation measures and of efficient checks, and rules of origin consistent with the recent EU trade deals.

A no deal scenario would represent a shock for the industry and should be avoided. In the middle of an economic crisis, a trade agreement in the name of continuity is key to lessen the economic blow of Brexit.