Today’s speech by the Prime Minister committing the Government to seek continued UK membership of the European Aviation Safety Agency (EASA) and other important regulators like the European Chemicals Agency (ECHA) will be welcomed in the UK’s aerospace, defence, security and space industries.
ADS Chief Economist Jeegar Kakkad said:
“Today’s proposal from the Prime Minister to seek continued UK membership of EU agencies that regulate aerospace and chemicals offers welcome reassurance to our industries over the Government’s plans for Brexit.
“We need arrangements that protect our deeply integrated supply chains, ensure passenger safety, and avoid creating new regulatory or customs barriers to trade with the EU, our largest export market.
“Continued membership of agencies like EASA and the ECHA is key to achieving these ambitions, and both UK and EU negotiators must take the opportunity to agree practical solutions, including on judicial oversight.
“There is now a limited amount of time remaining to reach agreement on these complex and important issues. Industry will look to political leaders in the UK and Europe to make rapid progress on reaching comprehensive agreements that protect jobs and prosperity.”