Urgent need for companies to prepare for new trading scenarios

Paul Lynam, director of policy, British Irish Chamber of Commerce, advises business owners to prepare for a range of scenarios. He talks to Colette Sheridan

We in Ireland have to be ready in every possible way for the new trading environment.

AMID all the uncertainty on future UK-EU trade, one thing is very definite: come New Year’s Day, Britain will become a separate country, outside the EU.

Businesses must prepare for future tariffs, regulations, and other trading restrictions which are part of the EU’s customs code, and which are in place for everywhere else, from India to America. And that means we in Ireland have to be ready in every possible way for the new trading environment.