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Gloucestershire Business News

Apply for you key export number ahead of Brexit, businesses urged

Around 24,000 companies in the South West that export to Europe are being urged to take action as the prospect of a no-deal Brexit looms larger.

James Monk, international trade services director at Business West, said it was vital companies currently exporting to the EU had a EORI number to be able to continue trading, should Britain leave the European Union with no trade deal.

EORI stands for Economic Operator Registration and Identification. Numbers are issued free by the British government.

Mr Monk said: "While we recognise there is lots of uncertainty going forward about Brexit, one of the proactive things companies can do is to get an EORI number and get it now.

"If we leave without a deal and your company is exporting to Europe you will have real problems if you haven't got an EORI number."

Mr Monk said companies trading outside the EU, like the United States for example, will already have an EORI number and do not need to apply for another one.

"Lots of companies are probably burying their heads in the sand. They don't know whether we are leaving or not leaving," he said.

"We totally understand that but one of the things you can do to safeguard your company in the future is to get this EORI number.

"In the South West, we are probably looking at around 24,000 companies currently trading in Europe which will need their special numbers.

"Business West is simply trying to protect the businesses in this region whether they are our members or not."

A EORI number allows a company to import and export goods when trading with third countries.

If the UK leaves the EU without a deal, it will effectively become a third country and an EORI will be required for any shipment to and from the EU.

Deal or no deal, Business West can help you navigate your business successfully through Brexit and beyond.

Click here to find out more about issues you might need to address ahead of Brexit: Through Trading Through Brexit .

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