IOD says UK and Scottish governments must work together on trade



It is imperative that the UK government and the devolved administrations work collaboratively to ensure continued trading across the UK, according to the IOD.

Responding to the Internal Markets Bill, the directors body said that more clarity was also needed to understand the practical operations of new arrangements.

Allie Renison, Head of Europe and Trade Policy at the Institute of Directors, said: “Directors want to see as much predictability and stability as possible when the Brexit transition period ends.

Keeping disruption of trading arrangements to a minimum is crucial, particularly as the Withdrawal Agreement provides for unprecedented new arrangements between Great Britain and Northern Ireland.

“Codifying the UK Internal Market in law for continuity purposes after Brexit is an important aim, but further clarity is still needed for directors to understand the full practical operation of them.

“At present, EU law provides a transparent level playing field for businesses, where enforcement and dispute settlement rules are clear.

“Maintaining that clarity for commerce across the UK once transition ends is critical. However, directors will be wary of any moves that could increase the likelihood of no deal.

Amid a political row between the UK and the devolved governments, she said: “It is imperative the UK Government and devolved administrations work collaboratively in good faith on both the Internal Market agenda and Common Frameworks programme.

“The complexity of our commercial and constitutional disentanglement from the EU must be handled carefully to give businesses maximum confidence about the future as we navigate our economic recovery.

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“This is especially important in considering how all future trade arrangements interact with the Internal Market framework.”



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