Nissan could still review its position in the UK depending on what trade arrangements are put in place after Brexit, despite assurances given by the Government, the company's Vice-President warned MPs today.
Speaking to the House of Commons International Trade Committee, Colin Lawther said that a 10% tariff, which is what Nissan would face on exports to the EU under WTO rules, would be “disastrous.”
He added that the company, which employs 7,000 people at its Sunderland plant, will continually review its position in the UK based on "material changes," especially future free trade agreements.
Commenting, Phil Wilson MP, leading supporter of Open Britain, said:
“The Government’s assurances to Nissan – which supports many thousands of jobs in the North East – were clearly built on sand.
“The Government promised that we will get a trade deal with Europe that delivers ‘the exact same benefits’ as we have now. If they fail to deliver that promise, companies like Nissan will face punishing tariffs on their exports to Europe, which will put jobs at risk.
“The North East, and workers in the car industry across the country, desperately needs the Government to keep its promise. If they do not, it is vital that MPs should be able to vote on the final deal they negotiate, and send them back to the table in Brussels if it is set to damage companies like Nissan and regions like the North East.”