Brexit is also a hot topic for SPECK

Since the referendum in the United Kingdom on 23 June 2016, Brexit is also a hot topic in Germany. Newspapers report daily about immigration, economy and trade negotiations. Head of export, Marina Plan, recently attended a seminar in order to learn more about the implications for SPECK Pumpen.

Around 3 % of our turnover is generated in the United Kingdom, which is why the seminar “Brexit und Zoll” (Brexit and customs), a range of events organised by the Chamber of Industry and Commerce at the initiative of the trade associations and with the Federal Ministry of Finance, was an interesting and necessary event for Marina Plan. Although many questions concerning Brexit remain unanswered, she was able to gain some information regarding the future customs procedures.

According to the British government, the departure will become final at 2300 hours on 29 March 2019. As it stands, the United Kingdom will then be a third country in the eyes of the EU. For the export department at SPECK Pumpen this means that from this point onwards, every shipment from a value of 1,000 € an export declaration will have to be issued. Customs controls and formalities will also apply.

With an export share of around 40 %, our export department, as authorised exporters, are certainly very familiar with customs procedures and will not be faced with any major problems. However, we have to ask ourselves how long it will take the United Kingdom to process the huge amount of customs declarations? Should we expect delays at harbours and for hauliers?

We hope that the process will be up and running quickly and smoothly so that we can continue to supply our customers on the island to their full satisfaction.