Tom Bowtell, BCF CEO06.28.16
The British Coatings Federation (BCF) was surprised at the Brexit result (along with many others in the UK), as the polls were predicting a win for the Remain camp in the days leading up to the referendum. We will work closely with the UK government to help ensure a stable base so that the UK coatings industry can continue to trade openly and fairly with Europe, which is our most important trading partner.
Businesses across all industries are looking for certainty but are used to operating in changing and challenging conditions. Given the importance of Europe to our members, we are concerned about the economic impact of Brexit. However, there may also be opportunities, for example an independent UK could draw up more favorable trade agreements with other countries with which our members haven’t typically traded.
Hopefully the UK and the EU will be able to reach a pragmatic and productive trading agreement in the future. Depending on when Article 50 is triggered,
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