Welcome to the ACITA National Meeting October 19 th 2016

1. Welcome to the ACITA National Meeting October 19th 2016

2. National Meeting Agenda 11.15Welcome, Introduction & Housekeeping • Des Hiscock, ACITA Director General 11.20Brexit Open Discussion and issues for JCCC • Facilitator: Des Hiscock 12.30-1.35LUNCH • 1.35BREXIT Effect post Referendum Stephen Booth, Open Europe 2.15Legal views on Brexit and effects of UCCJeremy White, Barrister 3.00 – 6:00“ACITA Brexit and Beyond” Social

4. “Brexit and Beyond” 19th October 2016

5. What do we know? • The invoking of Article 50 of the Treaty of the European Union (EU) obliges the EU to negotiate a withdrawal agreement. • The agreement will be concluded on behalf of the EU by the Council, acting by qualified majority, after obtaining the consent of the European Parliament. • The Treaties of the EU would cease to apply to the UK from the date of entry into force of the withdrawal agreement or, failing which two years after the invoking of Article 50. • The 2 year negotiating period can only be extended by unanimous agreement of the remaining 27 EU member states. • During the 2 year negotiating period, EU Law would continue to apply to the UK. • The UK would continue to participate in EU business, but would not participate in internal EU discussions or decisions on its own withdrawal • Theresa May has confirmed that Article 50 will be invoked by “the first quarter of 2017” – the UK is therefore expected to leave the EU in the first quarter of 2019.

6. What don’t we know? • Impact of Brexit on the movement of goods? • Impact of Brexit on the movement of services? • Impact of Brexit on multi-national supply chains? • What does Brexit mean for Importers & Exporters of goods? • FTA’s what is the future? • UCC where do we go from here? Intrastat? Port Delays? Duty Impact? Freedom of Movement? Export Licensing? VAT Impact? AEO? Royalties?

7. Potential Challenges

8. Possible Models

9. Possible Wish List? • First Sale for Export – key for sportswear industry • For Arrivals & Dispatches where currently statistical information is provided by Intrastats there should be a replacement system of Self-Assessment reporting which once up and running should then include imports and exports instead of Full Customs entries at the port or CSFP • Comprehensive Guarantees for potential duty should be abolished – if a trader has gone through the authorisation process then this should be sufficient for Customs to establish if the trader is ‘trusted’ and no guarantee is required • AEO – if a company is authorised for AEO then there should not be continuous audits.  There is a general concern that when a company is approved for AEO they are subject to more audits then non AEO company which is not acceptable as this should be the other way round • UK Tariff Suspensions for goods not produced in the UK – these still need to be in place to make UK goods competitive on the World Market (or EU market) • Multi-lateral and cumulation agreements for preferential trade need to be in place for when the UK exits the EU otherwise there is a major concern that goods sold for export will not be competitive on the World Market (or EU market) • Rather than Customs trying to start a new Customs Code and IP from scratch there is a preference that the UCC should be implemented with changes that the UK originally required but were out voted by other EU MS’s • There should be a full review of products covered by anti-dumping duties • What will trade want the Economic Test to look like after Brexit? • There should be a push for Deferred VAT accounting

10. National Meeting Agenda 12.30-1.35LUNCH 1.35BREXIT Effect post Referendum Stephen Booth, Open Europe • 2.15Legal views on Brexit and effects of UCC Jeremy White, Barrister 3.00 – 6:00“ACITA Brexit and Beyond” Social