British Marine, the yachting professionals’ union in the United Kingdom, invites its members to prepare for all eventualities and is mobilizing for negotiations.
What impact will Brexit have on the marine industry across the Channel in 2020 and beyond?
While negotiations in recent years have become accustomed to turnarounds, many observers are skeptical about the possibility of an agreement before the end of 2020.
British Marine thus invites its members to prepare themselves for the eventuality of a hard Brexit and a return to the application of the rules of the World Trade Organization.
At the same time, the favorable exchange rate for the pound sterling could be an advantage for UK-made boats and equipment, the marine industry, like other industries, risks being penalized by a heavy reliance on supplies from the EU, which may be taxed on importation.