04/12/2020
NI Businesses Urged To Check Their 'Preparedness For The End Of Transition'
Businesses across Northern Ireland are being urged to check their preparedness for the end of the Brexit transition period.
Making the call after she joined the agendaNi Annual Northern Ireland Economic Conference, Economy Minister Diane Dodds said: "We must do all we can to be ready for the end of the year but also be ready to respond to emerging issues that arise from January 2021. I realise that many businesses are facing difficulties due to the ongoing talks between the EU and the UK. We do need clarity on a number of issues including most importantly the terms of trade between Great Britain and Northern Ireland.
"It is my hope that both our national government and the EU would recognise the need for flexibility in coming months. I am also calling for a grace period for Northern Ireland businesses at the end of the transition period as a common sense and fair approach to the changing trading circumstances."
Later in the day the Minister took part in the keynote address recorded for a webinar event today organised by InterTradeIreland entitled 'Managing Brexit together: trading goods cross-border'.
The event provided practical advice to small and medium sized businesses, advised them to take action and reminded businesses of the range of supports on offer.
InterTradeIreland's quarterly All-island Business Monitor shows that at the end of Q3, just 9% of firms in Northern Ireland had a plan in place for the end of the Transition period.
The Minister said: "While the UK as a whole is leaving the European Union, the Northern Ireland Protocol means that businesses in Northern Ireland can continue to trade in goods across the border with ease.
"There are of course also changes ahead for Northern Ireland firms as they adjust to the new trading relationships between the UK and the EU. The aim is to make the changes as seamless as possible for firms so that they are able to continue to benefit from the trading relationships and markets that have built up over time."
The Minister added: "Even for those firms who do not consider themselves importers or exporters, it is important to take the time to more thoroughly consider your supply chains. Speak to your buyers and suppliers to understand their preparedness, and the impact of market access changes on those purchases and sales."
Making the call after she joined the agendaNi Annual Northern Ireland Economic Conference, Economy Minister Diane Dodds said: "We must do all we can to be ready for the end of the year but also be ready to respond to emerging issues that arise from January 2021. I realise that many businesses are facing difficulties due to the ongoing talks between the EU and the UK. We do need clarity on a number of issues including most importantly the terms of trade between Great Britain and Northern Ireland.
"It is my hope that both our national government and the EU would recognise the need for flexibility in coming months. I am also calling for a grace period for Northern Ireland businesses at the end of the transition period as a common sense and fair approach to the changing trading circumstances."
Later in the day the Minister took part in the keynote address recorded for a webinar event today organised by InterTradeIreland entitled 'Managing Brexit together: trading goods cross-border'.
The event provided practical advice to small and medium sized businesses, advised them to take action and reminded businesses of the range of supports on offer.
InterTradeIreland's quarterly All-island Business Monitor shows that at the end of Q3, just 9% of firms in Northern Ireland had a plan in place for the end of the Transition period.
The Minister said: "While the UK as a whole is leaving the European Union, the Northern Ireland Protocol means that businesses in Northern Ireland can continue to trade in goods across the border with ease.
"There are of course also changes ahead for Northern Ireland firms as they adjust to the new trading relationships between the UK and the EU. The aim is to make the changes as seamless as possible for firms so that they are able to continue to benefit from the trading relationships and markets that have built up over time."
The Minister added: "Even for those firms who do not consider themselves importers or exporters, it is important to take the time to more thoroughly consider your supply chains. Speak to your buyers and suppliers to understand their preparedness, and the impact of market access changes on those purchases and sales."
Related Northern Ireland News Stories
Click here for the latest headlines.
25 January 2002
Trade minister meets Northern Ireland trade union representatives
The Stormont Trade Minister Sir Reg Empey has met with representatives from the Northern Ireland Committee, Irish Congress of Trade Unions in order to discuss the present economic situation.
Trade minister meets Northern Ireland trade union representatives
The Stormont Trade Minister Sir Reg Empey has met with representatives from the Northern Ireland Committee, Irish Congress of Trade Unions in order to discuss the present economic situation.
17 October 2024
Grant Scheme To Boost Rural Businesses In Northern Ireland
The Department of Agriculture, Environment and Rural Affairs (DAERA) has announced the launch of the Rural Business Development Grant Scheme. This initiative aims to provide financial support to micro businesses located in rural areas across Northern Ireland.
Grant Scheme To Boost Rural Businesses In Northern Ireland
The Department of Agriculture, Environment and Rural Affairs (DAERA) has announced the launch of the Rural Business Development Grant Scheme. This initiative aims to provide financial support to micro businesses located in rural areas across Northern Ireland.
15 September 2003
Customs initiative to help Northern Ireland businesses
Customs and Excise have announced a major local initiative to provide valuable advice and information to local businesses. The Business Advice Open Days, sponsored by the Big Small Business Initiative, brings together a host of public and private sector business support organisations.
Customs initiative to help Northern Ireland businesses
Customs and Excise have announced a major local initiative to provide valuable advice and information to local businesses. The Business Advice Open Days, sponsored by the Big Small Business Initiative, brings together a host of public and private sector business support organisations.
19 May 2003
Northern Ireland businesses favour the euro
Almost two-thirds of Northern Ireland businesses would vote to join the euro if a referendum were held today, according to a poll conducted by business advisors, PricewaterhouseCoopers (PwC) as part of its annual survey of business attitudes.
Northern Ireland businesses favour the euro
Almost two-thirds of Northern Ireland businesses would vote to join the euro if a referendum were held today, according to a poll conducted by business advisors, PricewaterhouseCoopers (PwC) as part of its annual survey of business attitudes.
09 July 2001
BELFAST FIRST STOP BUSINESS SHOP SHORTLISTED FOR BUSINESS AWARD
BELFAST First Stop Business Shop has been shortlisted for the Northern Ireland final of the One 2 One Best for Business award. The company is set to compete against three other projects to be recognised as the most enterprising and effective initiative helping new and growing businesses throughout the province.
BELFAST FIRST STOP BUSINESS SHOP SHORTLISTED FOR BUSINESS AWARD
BELFAST First Stop Business Shop has been shortlisted for the Northern Ireland final of the One 2 One Best for Business award. The company is set to compete against three other projects to be recognised as the most enterprising and effective initiative helping new and growing businesses throughout the province.