Netherlands

Two thirds of the companies feel a negative impact on Brexit

Brexit has led to a sharp drop in the turnover of Dutch and British companies: 40 percent say they generate less turnover. This has emerged from research by the Dutch-British Chamber of Commerce, the NBCC.

The NBCC surveyed 125 companies from both the Netherlands and the United Kingdom. A majority of the companies surveyed say they have experienced more disruption since Brexit, namely 63 percent. This is even 80 percent among companies in the goods sector.

Companies say they are particularly affected by increased bureaucracy, higher costs and shipping delays. The latter is especially a problem with fresh products, which cannot wait too long.

“Almost impossible”

The bad numbers do not surprise the Member Director of the NBCC at all. “I was not shocked because I expected it,” says Lyne Biewinga. “Brexit is very drastic. Since the UK’s accession to the EU in 1973, it has really only been integration. And now we have to try to unravel everything.”

Biewinga calls it ‘bringing cheese to the cow’. “Very complicated, almost impossible. So it is so drastic that we at the NBCC have certainly taken into account the negative impact on the entrepreneurs.”

Dutch plant exporter Michiel van Veen explains how he has run into more and more rules since Brexit:

Dutch plant exporter Michiel van Veen explains how he has run into more and more rules since Brexit:

According to the NBCC, the problems caused by Brexit are in part of a structural nature.

“A boundary has emerged and boundaries have a negative effect,” says Biewinga. “The fact that there would be border formalities, and with it more administration and costs, that has been established from the beginning.”

Yet there are also problems that can be solved. “For the export of goods, a process that is as efficient and as digitally streamlined as possible is essential,” says Biewinga. “Systems must be able to ‘talk’ to each other. A fast-acting inspection system and good recognition (track & trace) of batches is also important.”

Britons looking for European locations

The survey also shows that many British companies have been looking for a location on the European mainland since Brexit. Almost half of the UK respondents have settled or are actively looking at establishments. They hope to be able to bypass the bureaucracy with a European office and have faster access to the market.

The Netherlands is popular in that respect, compared to Germany, France and Belgium. Our country scores well on knowledge of the English language, access to the European market and having a reliable business climate.

One of the British companies that has opened a Dutch branch is water sports company The Wetsuit Company.

One of the British companies that has opened a Dutch branch is water sports company The Wetsuit Company.

Two thirds of the companies feel a negative impact on Brexit
Source link Two thirds of the companies feel a negative impact on Brexit

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