Millions of businesses across Europe and the United Kingdom could be lost if the EU and UK fail to reach a consensus for a post-Brexit trade deal, the World Travel and Tourism Sector (WTTC) has warned.
WTTC’s concerns have been raised close to the meeting that is planned to be held in Brussels between the United Kingdom’s Prime Minister Boris Johnson and the President of the European Commission Ursula von der Leyen, VisaGuide.World reports.
“Travel & Tourism businesses in the UK and across Europe could be in jeopardy and put at risk thousands of businesses and the jobs of those who depend upon them if there was a failure to secure a way forward,” WTTC has pointed out.
The World Travel and Tourism Sector warned before the Coronavirus outbreak that 300,000 jobs in the travel and tourism sector in the UK could be lost as well as nearly 400,000 across the European Union if Britain left the EU without a concrete deal.
WTTC, in its latest analysis, revealed that more than 2.4m jobs in the travel and tourism industry are at risk in Britain due to the impact of the Coronavirus pandemic. The report stressed that if this expectation gets real, it could cause a loss of £124 billion in GDP. As for Europe, 14m jobs in the sector mentioned above could cease, amid the ongoing pandemic outbreak.
A no-deal Brexit could impede the ability of business passengers and holidaymakers to move freely between Britain and the European Union, and it could also prohibit access to markets between both territories.
Among other concerns, flight connectivity would also become a problem, as the UK and EU deal needs to replace the Comprehensive Air Transport Agreement which permits airlines entry to European Union, which is about to expire on December 31.
“We urge the UK government and the EU to put the interests of the Travel & Tourism sector, as well as the livelihoods of millions of people who depend upon it, at the forefront of their minds when considering the implications of a no-deal,” Gloria Guevara, WTTC President & CEO, pointed out.
In an effort to get out of the current pandemic crisis, the International Chamber of Commerce (ICC) and the World Travel & Tourism Council (WTTC) introduced a set of recommendations to help businesses to reopen safely.
ICC and WTTC presented a Quick Restart Guide for Employers offering recommendations for businesses to help them get out of the COVID-19 financial crisis.