UK depends on Channel tunnel for £90bn a year in EU trade, says report - News Summed Up

UK depends on Channel tunnel for £90bn a year in EU trade, says report


A quarter of Britain’s trade with the EU, worth more than £90bn a year in imports and exports, depends on the Channel tunnel, according to a report into the economic benefits of the transport link. UK trade deficit widens unexpectedly as exports fall despite pound drop Read moreSteve Hanley-Cook, an executive at parcel delivery service DHL, said: “Historically the tunnel has provided transit time advantages such as efficient border checks and customs controls. Supermarkets use the tunnel to receive multiple daily deliveries of fresh produce from the continent, instead of warehousing the goods in the UK. Carmakers and plants that use iron and other metals rely on the tunnel to send and receive manufacturing components. The West Midlands exports the most using the tunnel, followed by the east of England.


Source: The Guardian November 14, 2016 00:00 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */