Statement from the Swedish Chamber of Commerce for the UK on Britain’s exit from the European Union
31 January 2020
The United Kingdom will formally be leaving the European Union at 11.00pm GMT tonight, and will be entering into a transition period until 31 December 2020.
Sweden and the United Kingdom have a long-standing history of trade and friendship and signed a treaty of commerce and friendship already back in 1654. Swedish businesses have been present in the United Kingdom for centuries and have contributed to the UK economy, as have British businesses in Sweden. Today, the Swedish Chamber of Commerce represents some 400 businesses, and Swedish companies and investments create 100,000 job opportunities across the breadth of the country.
The Swedish Chamber of Commerce has always respected the decision made by the people of the United Kingdom to leave the European Union. It is a matter for the British people. Swedish business and industry aims to stand fast with the United Kingdom and hope to continue building on our very close relationship in the future.
During the transition period, the UK’s trading relationship with the EU will remain the same whilst the two sides negotiate their future relationship. If no trade agreement - or only some parts of a trade agreement - has been agreed by 31 December 2020, and the transition period has not been extended, the UK once again faces the prospect of a no deal exit from the European Union.
Since the start of the exit negotiation process and Article 50, we have encouraged our members to plan for all scenarios and businesses have been guided to appropriate first hand Government and public sources informing about Brexit and potential no-deal planning. We have encouraged businesses to conduct relevant scenario planning, to consider weaknesses and vulnerabilities in their supply chains, and any other exposure they may need to consider. We have hosted regular meet-ups across all sectors, offering the opportunity to raise any particular concerns and to share experiences in planning and preparation. We will continue supporting Swedish business throughout this process, and alongside our partners and friends in Team Sweden, offer help where needed.
Jan Olsson, Chairman
Peter Sandberg, CEO
On behalf of
The Council of The Swedish Chamber of Commerce for the United Kingdom
Business preparation for Brexit
Businesses need to assess their own exposure and any potential impact of Brexit, with or without a new trade agreement from 2021. Visit the Chamber's Brexit portal for useful information, links, updates and information on upcoming Brexit related events.
Information for Swedish/EU citizens
EU citizens need to apply for the UK Settlement Scheme in order to continue living, working or studying in the UK. Visit the Embassy of Sweden's website for useful information, how to apply and deadlines.