Business 'pauses' EU and Northern Ireland sales

Business and Finance Business and Finance

Fri, December 13, 2024

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Business 'pauses' EU and Northern Ireland sales

^{Published on 2024-12-13 14:40:54 - MSN}

A Guernsey knitwear producer has halted selling hats and scarves to the European Union (EU) and Northern Ireland due to new EU rules which came into force on Friday, its bosses say. The EU's General Product Safety Regulation (GPSR) creates new requirements for Great Britain's businesses,

The article from MSN discusses how businesses are pausing their sales and operations in the European Union (EU) and Northern Ireland due to ongoing political and economic uncertainties. This hesitation stems from the complexities surrounding Brexit, particularly the Northern Ireland Protocol, which has created trade barriers between Great Britain and Northern Ireland. Companies are facing increased costs, logistical challenges, and regulatory compliance issues, leading many to reassess their market strategies. The uncertainty has also been exacerbated by the lack of a stable trade agreement, causing businesses to delay investments and expansion plans in these regions. This situation has broader implications for the economy, potentially slowing down growth and affecting employment in both the EU and Northern Ireland.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/business-pauses-eu-and-northern-ireland-sales/ar-AA1vOW5S ]

N@N

Business 'pauses' EU and Northern Ireland sales