Businesses urged to prepare for No-Deal Brexit

Government launches Brexit readiness action plan

Minister for Foreign and European Affairs Evarist Bartolo, Parliamentary Secretary for European Funds Stefan Zrinzo Azzopardi and the President of the Chamber of Commerce address a conference on the readiness and preparedness for the end of the transition period following BREXIT House of Catalunya
The Malta Chamber

Tista' taqra bil- Malti.

Businesses are urged to prepare for No-Deal Brexit, the Malta Chamber of Commerce said on Thursday, as it appealed to businesses to come forward and contact the chamber for more information and assistance.

During a press conference, the Chamber’s president Perit David Xuereb underlined that with 50 days to the end of the Brexit transition period, businesses needed to make sure that they had everything in place, in order to ascertain a continuation of their business come next January.

The conference during which an information campaign to help businesses get ready for a probable no-deal Brexit was co-organized with the Foreign Affairs Ministry and the Parliamentary Secretariat for EU funds, with the government launching its Brexit readiness action plan.

Information sessions discussing Customs, Transport and Trade, HR and Employment, Standards, and VAT, Fiscal and Company Law Issues will be discussed during a series of information sessions.

The discussions between the United Kingdom and the European Union are geared towards an agreement, however, this remained elusive, Xuereb explained.

“We are cautiously optimistic however we know that by the end of the year there might be a no-deal exit. We urge businesses to remain continuously updated,” he said.

Businesses are urged to participate in a series of upcoming information sessions the Chamber is organising together with the relevant ministries. They are also being urged to speak with their suppliers and counterparts in the United Kingdom as soon as possible in order to make sure that their businesses would be in a position to function post-December 31.

The Malta Chamber had been following the developments around Brexit negotiations through its partner organisations at EU level Business Europe and Eurochambres as well as through the Malta Business Bureau.

The chamber had organised a number of events on the subject and kept its members informed on the developments.

All members of the chamber are also set to receive a detailed informative publication on the subject.

Government launches Brexit readiness action plan

Minister for Foreign and European Affairs Evarist Bartolo, Parliamentary Secretary for European Funds Stefan Zrinzo Azzopardi and the President of the Chamber of Commerce address a conference on the readiness and preparedness for the end of the transition period following BREXIT House of Catalunya

The Malta’s action plan in preparation for Brexit was also unveiled by Foreign Affairs Minister Evarist Bartolo and Parliamentary Secretary for European Funds Stefan Zrinzo Azzopardi.

At the same press conference the action plan document which covers all ongoing preparations was launched.

In a statement the government explained that the action plan covers the most important areas including transport, travel and connectivity with the UK. It also refers to the rights of citizens, both Maltese living in the United Kingdom and British citizens residing in Malta.

On trade, the document provides information on the impact of the rules for the import and export of goods and services, the impact on the professional qualifications of employees, and also on the new procedures and tariffs that will apply from January 1, 2021.

It also explains in detail the assistance that the government is offering through its entities, such as the professional assistance provided by Malta Enterprise to companies in order to mitigate the impact of Brexit on their operations.

Minister Bartolo remarked that while we should allow the EU’s special delegate to negotiate on our behalf on matters which fall within the Union’s competences, as a sovereign state we must also pay attention to our bilateral relations with the UK, which date back more than two centuries.

He also referred to the existing arrangements between the two countries with regard to health and special care, which the government intends to strengthen in order to safeguard the best interests of its citizens, irrespective of the outcome of negotiations at the EU level.

Parliamentary Secretary Stefan Zrinzo Azzopardi said that the government is ensuring that irrespective of whether we have an agreement on the UK’s future relations with the European Union, Malta will be ready for every eventuality, both on the part of the government, as well as all private sectors.

Zrinzo Azzopardi highlighted the importance of the private sector ensuring that all steps are taken to prepare for changes in the very near future. He added that the government has taken all measures in order to increase administrative resources in entities such as the customs department where courses aimed at commercial entities are being prepared in case they are requested.

More information can be found on the government’s website or by calling on the Brexit helpline 153 or by sending an email on brexit@gov.mt.