The Potential Impact of Brexit on US Business Sectors | Womble Bond Dickinson

Описание: Hear from Womble Bond Dickinson's Malcolm Dowden on this latest Brexit update.

Visit Womble Bond Dickinson's Brexit Hub: https://www.womblebonddickinson.com/u...

Transcript:
The potential impact of Brexit on US businesses depends very much on the sectors we’re looking at and I think one fairly central example is international trade. At the moment an awful lot of US to EU freight is channeled through ports such as Rotterdam or Antwerp and you then have a feeder system that gets part of those consignments into the UK. Post-Brexit, if we have a radically different customs and regulatory regime, there may well be a need to re-organization those freight flows so that rather than going entirely into Rotterdam or Antwerp, any goods that are channeled towards the UK perhaps go to a UK port in the first instance and at Womble Bond Dickinson we work closely with the port of Teign, Tees port, and other ports in the northeast which is a strong manufacturing region. So thinking about those flows now and keeping Brexit under review for the next 6 to 9 months will ensure that there is as little disruption and as little additional cost as possible.