ANALYSIS RELATED TO BREXIT EFFECT ON AEO SCHEME 12 ANALYSIS RELATED TO BREXIT EFFECT ON AEO SCHEME Name of the University Author Name
Added on 2020-05-28
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Political Science
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Running head: ANALYSIS RELATED TO BREXIT EFFECT ON AEO SCHEMEANALYSIS RELATED TO BREXIT EFFECT ON AEO SCHEME Name of the Student Name of the University Author Note
1ANALYSIS RELATED TO BREXIT EFFECT ON AEO SCHEMEExecutive SummaryThe report is based on the analysis of the situation that is created after the Brexit decision thathas been taken the United Kingdom. Brexit is mainly related to the withdrawal of UnitedKingdom from EU. The traders in the UK enjoy free access for selling the goods within EUmember countries without too much documentations. The decision that has been taken by UKregarding the exit from European Union has led to the changes in the agreements related tocustoms and has huge implications for the business organizations in UK. The major aspectsof the business related to the trading relationship are, the nature of the customs checks, thesystems related to swift clearance in the border and the provisions related to the new CustomsCode of UK. The report is concluded by stating that the Brexit has affected the businessenvironment and AEO certifications to the companies also have a major impact.
2ANALYSIS RELATED TO BREXIT EFFECT ON AEO SCHEMETable of ContentsIntroduction....................................................................................................................3Definition of AEO scheme.............................................................................................4The benefits of the AEO Status......................................................................................5Case study examples related to the benefits of AEO status...........................................7Case study 1...............................................................................................................7Case study 2.............................................................................................................10Implications of Hard Brexit.........................................................................................11Conclusion....................................................................................................................12References....................................................................................................................13
3ANALYSIS RELATED TO BREXIT EFFECT ON AEO SCHEMEIntroductionThe decision of the exit of UK from the European Union has been termed the “Brexit”or “British exit”. This decision was taken by UK in the year 2016 with the help of thereferendum that was issued on June 23, 2016. The vote that had taken place for the decisionof UK to leave the European Union had defied the expectations of the global markets and thevalue of British pound had fallen to the lowest level. The Prime Minister of UK, DavidCameroon resigned from the post in the following month as he was against the decision thatwas taken by the votes. Cameroon was then succeeded by Theresa May as Prime Minister ofUK and the leader of the Conservative party (Baatz2015). The process of Brexit can be divided into two parts which are “hard Brexit” and “softBrexit”. Hard Brexit can be defined as the withdrawal of UK from the European Union whereBritain will not participate in the single market of EU and the legal rules related to thatmarket as well. The full control of the immigration system of UK will be in the hands ofBritish government. The rules related to immigration will also become much strict thanbefore. The hard Brexit option would be related to the compliance of UK with the rules of theWorld Trade Organization or WTO to carry out the trade with Europe. Soft Brexit can beinterpreted as the arrangements that can be made when UK will leave the European Unionthat are related to trade between the countries (Bergin et al. 2017). The softer solution isrelated to the strategic partnership agreement with the other countries in the European Union. The analysis that will be performed in the report will be based on the AEO schemerelated to the Brexit effect in UK. The AEO scheme or Authorised Economic Operator isrelated to the trade related schemes of the countries that are part of European Union (Buschand Matthes2016).
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