EURIS survey highlights support for continued regulatory alignment with EU

Published:  23 October, 2018

An overwhelming majority of UK industrial product manufacturers want continued regulatory alignment with the EU, a new industry survey has revealed.

Responding to a survey by the advisory body EURIS and independent experts at The UK Trade Policy Observatory (UKTPO), 83% of industrial product manufacturers support continued regulatory alignment in order to remain competitive in a global market with respondents overwhelmingly saying they see no benefit in moving away from the EU regulatory system for industrial and manufactured products.

UK companies told the survey that their supply chains have already been disrupted by post-referendum currency changes and that EU27 companies have started to select non-UK suppliers amidst the ongoing uncertainty of post-Brexit arrangements.

Industrial manufacturing representatives are calling for a Withdrawal Agreement to be reached with the European Commission at the earliest opportunity to give clarity to industry; they warn that a no-deal Brexit will cause severe damage and must be avoided.

The survey results were published in ‘Securing a competitive UK manufacturing industry post Brexit’, a report on the impact of a no-deal Brexit on the industrial product supply sector by the University of Sussex-based UKTPO and EURIS, which represents companies with a collective turnover of £148 billion and with 1.1 million employees.

EURIS notes that the negotiations on the future relationship between the UK and the EU27 are the most important for its members since the formation of the single market in 1993. The advisory body warns a ‘no deal’ outcome would have lasting impacts on the industrial product supply sector, and its ability to contribute to the UK economy. This report provides specific information and guidance on the significant dangers of the ‘no deal’, and the opportunities that a ‘business friendly’ deal will bring.

Dr Howard Porter, EURIS Chair said: “Our industry needs clarity and a Withdrawal Agreement confirmed with the European Commission in the Autumn. As this report and our member survey clearly show, further delays and the risk of no-deal will result in significant long-term damage to the UK manufacturing sector and will put at risk the industrial product supply sector’s £148 billion contribution to the UK economy.”

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