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BCF: UK Coatings Industry Faces Significant Challenges From EU Free Trade Agreement

Impact in the form of new customs red-tape and higher costs since Jan. 1, the BCF reports.

A recent survey of British Coatings Federation (BCF) members demonstrates how Brexit has impacted negatively the coatings sector in the form of new customs red-tape and higher costs since Jan. 1.   The survey reported higher shipping costs, increased costs of imported raw materials, and new administrative costs to complete customs paperwork, with 30% of companies estimating increases in total operating costs of 3-10%.   As a result, significant risks to the competitiveness of BCF members...

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