'Trade implications of exiting the EU'
This seminar will examine the potential implications for the UK furniture industry resulting from a ‘soft or hard landing’ and anywhere in-between; including the effect on imported materials and exported products
Tuesday 31st October 2017 at Cranmore Park
10.30 - 1.00pm, followed by lunch
Carl Pitchford (CEO Capricorn Consulting – Headquartered in Brussels) has delivered a number of very well received BFM seminars on exporting to specific European and International markets. On this occasion Carl will be presenting his vision of how Brexit might affect trading by the UK furniture industry (both exporting and importing) including any potential barriers to trade and where the UK will likely sit with WTO rules’.
10.00 -10.30 - Registration
10.30 - Welcome and introduction
10.40 -11.20 Seminar Part l
• Over-view of the UK / EU negotiating positions (strategies)
• Impact on the furniture industry as a whole
• Effect on retail high street spending and consumer confidence
• WTO rules for importers – potential consequences and barriers to trade
• Where best to import from – EU or non EU countries?
• Effect on prices – materials, components, semi-finished products
• Risk management and exposure – e.g. exchange rates and shipping costs
• Implementation of importing ‘protection strategies’
11.20 -11.40 -Tea/Coffee Break
11.40 -12.30 -Seminar Part ll
• WTO rules for exporters – potential consequences and barriers to trade
• Where best to export to – EU or non EU countries
• Devaluation / lower prices for export.
• Stronger UK market – consumers more inclined to ‘Buy British’
• Cost implications of a no ’free trade’ deal for the UK furniture industry
• Implementation of exporting ‘protection strategies’
• Welsh furniture exports increase post Brexit vote
• Does the industry need the EU for trade?
12.30 - 1.00pm Wrap-up and Question & Answer session
1.00 - 2.00pm Lunch