UK: Chemicals manufacturers still face major costs related to Brexit despite the zero-tariff terms in the trade deal between the UK and the EU, the Chemical Industries Association (CIA) has warned. The imposition of tariffs could have resulted in annual costs of at least £1 billion (€1.1 billion), according to Steve Elliott, chief executive of the chemicals pharmaceuticals industry trade body "We have consistently called for the threat of tariffs to be avoided, so we very much welcome the commitment and hard work from both parties in securing that outcome." the London-based CIA leader commented.
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