Home PoliticsEU Brexit is Going Smoothly

Goods flowed smoothly across the Channel between Britain and France on Monday, the first working day since the completion of Brexit last week.

Nearly 3,000 trucks have passed through the Channel Tunnel from France to Britain since the UK left the EU customs union and single market at midnight on December 31, in the final act of its divorce from the EU.

“Everything is going very well,” a spokesman for Getlink, the operator of the tunnel, which is used both by passenger and freight trains, said.

In the port of Calais, staging post for ferry crossings to the English port of Dover, there were also “no queues and no congestion” on Monday, the port’s deputy director Benoit Rochet said.

With just 21 ferries scheduled to sail for England on Monday, compared with over 30 on a normal day, “traffic is very slow,” he said.

Eleven months after Brexit, the free movement of people and goods between Britain and its EU neighbours came to an abrupt end on December 31 when an 11-month transitional period expired.

Under a new “smart border” technology devised by France to keep goods moving smoothly post-Brexit, companies on either side of the Channel are required to fill out customs forms online before shipping their goods.

Only two trucks arriving at the tunnel in Calais were prevented from boarding shuttles to Britain because the drivers did not have the proper shipping documents, Getlink said on Monday.

The drivers were rerouted to a new customs building to complete their paperwork, the spokesman said.

Under the new rules, trucks arriving in Calais or Dover must present shipping documents containing a barcode, which is scanned and forwarded to customs officials on the other side of the world’s busiest shipping route.

Once this is done the trucks can either be waved through with a green light or subjected to extra checks if given an orange one.

Many British importers had stocked up on goods from the Continent in December to avoid their consignments getting held up by border controls after January 1.

Around 60,000 passengers and 12,000 trucks cross the Channel between Britain and France each day.

French officials expect trade flows to progressively return to normal over the course of the month.

– ‘Success’ for French ports –

The potential for chaos was brought home to traders and travellers on either side of the Channel in the run-up to Christmas, when thousands of trucks remained blocked on roads leading to Dover after France temporarily closed the border over coronavirus fears.

On Monday morning, however, traffic was smooth on the French side of the frontier.

“I think that, as far as French ports are concerned, Brexit has been rather a success,” the head of public order for the northern Hauts-de-France region, Michel Lalande, told France Bleu local radio.

France has spent around 40 million euros ($54 million) and hired 700 extra customs, immigration and veterinary staff to prepare for the return of a border with Britain.

You may also like

logo-white

Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.