Guidelines to making your racing and breeding business Brexit-ready
Following a referendum in June 2016, the UK voted to leave
the EU. Brexit was scheduled to take place at 11pm on March 29, 2019. However, following negotiations with the EU, this date has been extended to October 31 to allow the House Of Commons come to a majority on a withdrawal agreement.
This has led to a number of possible scenarios including 1)
continued renegotiation on the Withdrawal Agreement (most likely through an
extension of Article 50); 2) a second referendum; or 3) the UK leaving the EU
on March 29 with no deal.
Full trade talks can only begin following Brexit (such talks
are not permitted under EU law while the UK is still a member state) and would
then be facilitated by a transition period that will run until December 31,
2020, though there is provision under the draft treaty for this to be extended
up to December 31, 2022.
Brexit could have serious consequences for the Irish racing
and breeding industries, a situation that would be compounded in a ‘No Deal’
scenario – that is, should no form of association or treaty be agreed between
the EU and the UK.
This section of our website provides information dealing
with a ‘No Deal’ Brexit to those stakeholders engaged in racing, breeding or
selling horses in the UK, our biggest export market.