Lord Bilimoria
Main Page: Lord Bilimoria (Crossbench - Life peer)Department Debates - View all Lord Bilimoria's debates with the Department for Transport
(3 years, 5 months ago)
Grand CommitteeMy Lords, UK international haulage and trade has faced the most significant and sudden changes in 20 years after the EU-UK Trade and Cooperation Agreement. Hauliers and traders are starting to see the difference between adjustment issues and the new commercial and structural changes. As president of the CBI, I can say that we are seeing at first hand that business managing disruption has become the immediate priority. The changes at the GB/EU and GB/Northern Ireland borders have been the top priority: new customs processes, delays at ports, groupage, as we have heard, and inconsistent approaches from member states are just some of the challenges.
Meanwhile, firms face a new set of challenges due to the end of the grace periods and bridging mechanism timeframes. Does the Minister agree that these grace periods are not enough? Some are saying that we need at least two years. Does she believe that we should negotiate in good faith with the European Union to extend the grace periods to up to two years? Trade is essential if we are to build a competitive, dynamic and modern economy. This year—2021—is a golden opportunity for the UK to redefine its place in the world, showcase leadership and promote our values with the chairing of the G7 and hosting the UN COP 26 summit.