UK retailers seek to dump purchased goods blocked in EUEuropost
UK retailers signaled they may dump massive volumes of goods with EU origin after the Brexit deal came into effect. The retailers reckon that under new customs regulation the price of destroying the goods stuck in Europe would be cheaper than paying all outstanding fees and costs, BBC reported.
The chief of the UK Fashion & Textile Association (UKFT) has confirmed it was "cheaper for retailers to write off the cost of the goods than dealing with it all, either abandoning or potentially burning them."
Since 1 January, lots of European customers have been presented with an unexpected customs invoice when signing for goods they've ordered from the UK. These new customs charges are a result of the new EU trade deal with the UK. Many customers automatically reject the goods, refusing to pay the additional surcharges, leaving couriers to take them away. About 30% of items bought online are returned, according to figures from Statista. That has meant large volumes of goods are heading back to the UK.
The BBC said it had seen a document that stated four major UK High Street fashion retailers are stockpiling returns in Belgium, Ireland and Germany Couriers and freight businesses that ship from the UK to Europe are also experiencing delays getting goods to the Continent because of the new customs clearances.