Audio By Carbonatix
The future of the UK's £34bn aerospace sector is at risk if ministers do not reach a deal with the EU over the mutual recognition of parts, the aviation trade body ADS says.
It said a deal would not form part of any post Brexit trade deal, despite the sector employing 110,000 people.
Currently the UK is the world's second largest aerospace manufacturer.
But ADS said that without agreement, customers would "go elsewhere or UK-based businesses choose to relocate."
Future of UK aerospace 'in doubt' without EU deal https://t.co/y6ZF0uFkyb
— 💰Bill 💥Esteem 👀 (@BillEsteem) October 26, 2020
The warning comes as global aircraft orders slowed to nearly zero in September due to a slump in demand caused by the pandemic.
Just 13 aircraft were ordered in the three months from July to September, according to data from ADS.
ADS says ministers have not prioritised an agreement over the certification of aerospace components in their trade negotiations with the EU, preferring to focus on issues such as fishing rights.
However, it said that without mutual recognition, manufacturers could face added cost and complexity at a time when they are already reeling from coronavirus.
"Even with a deal we are facing significant additional costs," Mr Everitt told the BBC. "It gets worse if there's no deal."
Latest Stories
-
Sakumono pair dominate Premier Tennis Club’s Farmers’ Day event
46 seconds -
Chiefs, influential figures hampering anti-galamsey efforts – NAIMOS
8 minutes -
Zonda Tec CEO Yang Yang secures two prestigious GWM awards in Dubai
9 minutes -
OSP schedules next PPA CEO trial hearing for January after internal review
13 minutes -
Aowin MP issues second apology over galamsey allegations
17 minutes -
Ketu South’s sinking communities look to new sea defence to halt forced migration
17 minutes -
Signal Bureau Training Centre to be established in the Volta Region – Mahama
25 minutes -
Star Oil launches fuel now, pay later scheme using Ghanacard and credit scoring system
47 minutes -
I mostly listen to Muslim or Indian songs – Lasmid
49 minutes -
Paramount makes $108.4bn hostile bid for Warner Bros Discovery
1 hour -
Dr Kpikpi links galamsey crisis to poor resource stewardship, praises Goldbod initiative
1 hour -
Selassie Ibrahim calls for fair management of Film Development Fund
1 hour -
‘This is the real picture’ – Dr Kpikpi says WASSCE results exposes long-standing decline
1 hour -
BoG signals plan to scale back liquidity mop-up in 2026
1 hour -
Northern College of Science and Technology wins National Best JHS in practical agriculture
2 hours
