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June 24, 2016 02:00 AM

Chemical industry offers help in wake of EU vote

European Rubber Journal Report
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    LONDON—The United Kingdom's Chemical Industries Association has reacted to the vote by Britain to leave the European Union, saying it would “do everything to help members through any period of uncertainty.”

    In a nationwide referendum on June 23, the U.K. voted to exit the EU, leading to the resignation of Prime Minister David Cameron.

    “It is not the decision that our sector wanted, but we fully respect the wish of the people for change,” said Steve Elliott, Chemical Industries Association chief executive.

    Elliot noted that while business craved certainty, it also was used to operating in challenging and changing circumstances.

    “We now have to look to the future, and I am confident that an important and resilient industry such as ours can prosper in this new situation,” he added.

    The industry official called on the U.K. government to “work hard on securing the best exit plan for the U.K. and then establishing the new trading arrangements.”

    After the vote, the U.K. must now begin two years of exit negotiations with the European Parliament.

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