Trading

International trade’s unsung hero: the pallet – Albuquerque Journal

“For want of a nail the shoe was lost. For want of a shoe the horse was lost. For want of a horse the rider was lost. For want of a rider the battle was lost. For want of a battle the kingdom was lost. And all for the want of a horseshoe nail.”

I remember being fascinated by this proverb when I was in elementary school.

It taught me that overlooking the smallest details can wreak havoc on a project. This ancient proverb lends itself well to the situation the United Kingdom is facing with Brexit, its exit from the European Union.

The focal points of Brexit have involved macro-issues such as how to pull the U.K. out of the E.U., how tariffs on future trade will be handled, whether the U.K. will form its own free trade agreement with the U.S., and how E.U. standards on products entering E.U. countries will be applied to soon-to-be, ex-E.U. member, the U.K.

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All of these issues are still hot topics of discussion, but apparently one issue that nobody seems to have considered that is threatening to have an immediate impact on the U.K.’s trade with the E.U. is pallets.

The U.K. officially left the E.U. on Jan. 30, 2020, but with the agreement that it will have an 11-month transition period that will last through the end of 2020. This cushion allows the U.K. to remain in the E.U.’s customs
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