Extra cost of post-Brexit paperwork sees NI exports routed via Republic instead

The video discusses the challenges faced by the European trailer business due to new regulations and documentation requirements since January 1st. These regulations have increased costs and affected trade routes, particularly impacting Northern Ireland's haulage contractors. The video suggests that the current documentation systems are outdated and inhibit trade, despite existing free trade agreements. It highlights the cost implications and competition from Southern Irish and European contractors, emphasizing the need for more efficient systems to facilitate trade.

What is one of the main challenges faced by the European trailer business since January 1st?

• Weather conditions

• Lack of drivers

• Cumbersome documentation systems

• Increased fuel prices

Why does the speaker question the necessity of having a bond in place for trailers?

• Because it is a cost-effective measure

• Because there are no duties payable even if trailers remain in GB

• Because it is a new requirement

• Because it increases the speed of delivery

How much extra cost has been borne by exporters and importers due to the new regulations?

• 15%

• 20%

• 10%

• 5%

What competitive disadvantage is mentioned for Northern Ireland haulage contractors?

• Higher taxes

• Limited access to ports

• Losing out to southern Irish and European competition

• Lack of modern vehicles

What does the speaker suggest about the current documentation systems?

• They are efficient and cost-effective

• They should be aimed at facilitating trade

• They are the best in Europe

• They are necessary for security reasons