- A third of small business exporters plan to reduce or stop EU trade due to complex rules and rising costs.
- Compliance costs, paperwork, and border disruptions are major challenges, with 85% of importers/exporters reporting problems.
- VAT systems and lack of clear guidance are significant obstacles for small firms trading with the EU.
- The FSB calls for urgent reforms, including mutual recognition of standards, a single digital customs system, a de minimis deal, SPS agreements, export grants, and simpler VAT rules.
- Without changes, many small businesses may abandon EU markets despite strong demand and growth potential.
Source: smeweb.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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