Business community calls for action before end of Brexit transition period
Calling for a Brexit deal, the Chamber of Commerce and the Malta Business Bureau are urging Maltese businesses to prepare for all eventualities.
"While fully convinced on the need of a comprehensive partnership deal with the UK, the chamber and the MBB are calling on Maltese businesses not to be caught off guard, particularly at this moment when businesses might be focusing on finding a way to navigate through the COVID-19 crisis," the two said in a statement on Monday.
There will be changes in how to do business with the UK with or without a deal and the following 67 days are "crucial" to prepare for any possibility, especially for the worst-case scenario of a no-deal, they said.
After 2020 Britain will lie outside the single market but it is currently engaged in tough talks with Brussels for a new trading partnership.
It has meanwhile agreed on a provisional trade deal with Norway, Switzerland and two other non-EU partners to ensure continuity after its divorce from the EU.
The Malta Chamber and its EU support organisation, the MBB jointly called on the EU and UK government to do what it takes for an agreement before thethe transition period ends on December 31.
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