Hauliers' trade body comments on first Northern Ireland freight checks

The video discusses the initial quiet response of companies to new trade rules, attributed to stockpiling and cautious observation. It explores the impact of the trade deal and Northern Protocol, highlighting potential challenges like tariffs and regulatory divergence. Companies are adapting with grace periods for export health certificates and processed food. Logistics face challenges, but Northern Ireland benefits from unfettered EU access. Despite increased paperwork, the Northern Protocol may boost Northern Ireland's economy by facilitating trade with the EU and UK.

What are the two main reasons for the quiet start to the new trade rules?

• Companies are waiting to see how systems hold up and have already stockpiled.

• The trade deal has eliminated all formalities.

• Companies are facing high tariffs.

• There is a lack of interest in the new trade rules.

What is one of the challenges faced by GB suppliers under the new trade rules?

• Simplified customs procedures.

• Reduced competition from Northern Ireland.

• Increased demand for their products.

• Lack of awareness about the Northern Protocol.

What grace period has been provided for export health certificates?

• Three months

• No grace period

• Six months

• One year

What is a potential benefit of the Northern Ireland Protocol for the region?

• Unfettered access to the EU market.

• Elimination of all paperwork.

• Higher tariffs on EU goods.

• Restricted access to the UK market.

What is a major concern for businesses regarding the new trade rules?

• Increased paperwork and duplication of information.

• Complete removal of tariffs.

• Lack of access to the EU market.

• Simplified trade processes.