Brexit Creates Opportunities For Trade Between UK And Port Of Antwerp
There has been a continuous uncertainty about the Brexit. However, this is sure that as soon as the European Union is left by the UK there will come in major changes in the imports and exports of the British. In all of this, Port of Antwerp is seeing new opportunities like the shift to container from ferry transport is coming up.
Products like chemicals, oil products, and foodstuff are taken to the North to and from Antwerp. This makes the UK the second-largest overseas trading partner with nearly 17 million freight for the Poet of Antwerp.
With the Brexit taking place, there will high red tape and inspection that the goods entering or leaving Europe will have to face. This will result in an impact on costs and transit time.
With these new developments, there will be an automatic shift to unaccompanied container transport by ship. The Port of Antwerp is putting in efforts to expand it’s shipping links with the UK seeing the possibility in the increase in the demands of the traders to send their consignments by ship. The links that Antwerp has with British and Irish ports will become even more important in the future.
Antwerp has more experience than the other logistics service providers which will give it an upper hand. Not only the expertise that it has contributed to the smooth handling of customs procedures but also its great storage capacity for all types of freight can act as a buffer for a certain time period. This makes the logistics chain reliable.
Reference: Port of Antwerp