GAMBICA & BEAMA publish report on impact of WTO rules

Part of a wider survey being carried out by EAMA (Engineering and Machinery Alliance), of which GAMBICA is a member, the results of the survey will help to form an industry position as part of a new EURIS task force (EU relationship & Industrial Strategy) that BEAMA and GAMBICA have established.

The majority of members have both import and export trade activities, with EU imports being the largest percentage of turnover by a factor of three compared to EU exports, or trade with non-EU countries. The report highlighted concern about the negative impacts from moving to WTO rules, including increased tariffs, additional administration and customs delays.

In seeking any potential benefits, three quarters of membership thought there would be no advantage from fewer EU regulations. Most members would still need to adhere to EU regulations, particularly for products and systems.

The report can be downloaded from https://goo.gl/RgbWUk