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navigate the post-Brexit regulatory and trading environment,” Budd says.
of the UK’s chemical exports and the source of 70 per cent of the UK’s chemical imports. “But the UK Government has made it clear that it has no intention of even attempting to achieve regulatory alignment with the EU as far as chemicals are concerned. CBA is therefore now advising member companies trading with the EU to pursue the following options – before the end of the transition period – in order to secure EU market access.” There are three options for CBA members: - Use an existing subsidiary or create a new one in the EU and transfer any registrations under the EU’s Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) Regulation to that subsidiary - Establish a partnership with a company in the EU and transfer any REACH
LOCKED DOWN Turning to the Covid-19 pandemic, Budd says: “We have all become familiar with the lock-down and working from home, though it is impossible to imagine the lonely and isolated deaths its growing number of victims experience. And there is no immediate end in sight. Science is guiding us through the pandemic but has yet to create an effective vaccine. No doubt one will come – but time is not on our side. “I’m proud to say that member companies have put their shoulders to the wheel to help in the crisis. Member companies have maintained critical supplies to the NHS as well as the main utilities, such as water and energy. They have also responded to the shortage of hand sanitisers by producing industrial alcohol and other companies have supplied glycerine. “In terms of supporting its member companies, CBA has provided the latest information as the pandemic develops and UK regulations change to increase supplies of key chemicals to strategic downstream users. CBA has also been in continuous dialogue with the Government and industry regulators to maintain a proportionate balance between regulatory controls, protection of stakeholders, and to support measures to counter the pandemic. “Meanwhile the Government has launched a massive programme of support for companies, employees, and the self-employed. Tax and VAT are deferred. Grants and business rate relief have been introduced. Business loans are guaranteed by the Government – though for the lender not the borrower. Many firms may baulk at taking on additional debt – but, I realise, some may not have a choice.” Concluding, Budd says: “I said at the outset that we live in unprecedent times – and times full of commercial, financial, and health dangers. Yet here we are. Each
registrations to that company, or - Support CBA’s plans to create or contract with a collective Only Representative entity in the EU for member companies. “CBA remains absolutely committed to providing you with practical information, support, and solutions to help your business
one of us confident that our companies will survive these testing times and return to growth. As a business sector the chemical supply chain is massively resilient. We will endure the current hardships. We will find a way to survive and prosper.” www.chemical.org.uk
PERFECT STORM ASSOCIATION • CBA CHAIRMAN DARREN BUDD DESCRIBES HOW THE TWIN CHALLENGES OF COVID-19 AND BREXIT ARE CREATING AN UNPRECEDENTED YEAR FOR CHEMICAL DISTRIBUTORS THE COVID-19 LOCKDOWN caused the UK Chemical Business Association (CBA) to cancel its much-anticipated annual lunch – widely known as the ‘Floggers’ Lunch’ – on 29 April. Its chairman, Darren Budd, commercial director of BTC-Europe, was due to speak to members that day but instead has offered some thoughts on what he calls a ‘perfect storm’ for many companies. “We have the immediate reality of the Covid-19 pandemic and waiting in the wings we have the prospect of further Brexit uncertainties,” Budd says. On the topic of Brexit, Budd has this to say: “CBA has continued to call for an end to uncertainty and, like most of UK business, close regulatory alignment and continuing frictionless trade with the European Union. Our advocacy campaign will continue to secure market access and frictionless trade with the EU – the destination for 60 per cent
CHEMICAL DISTRIBUTORS IN THE UK ARE WORKING HARD TO SURVIVE DURING A DOUBLE CRISIS
HCB MONTHLY | JUNE 2020
