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March 11, 2019

Brexit shakes the EU plywood market

  The destabilising effect of Brexit for the UK and Europe more widely is expected to grow as the deadline date of March 29 for the UK to leave the EU approaches.  In the event of a no-deal Brexit, plywood trade between the UK and the rest of the EU would become subject to duty equivalent to the current external tariff on EU imports – that is between 6% to 10% depending on the product.  UK customs have said they will allow cargo to be temporarily ‘waved through’ 20 ports without checks in the event ...

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