Business, Freight News, Road

Tunnel takes a quarter of UK-EU trade, says study

[ June 5, 2018   //   Chris ]

Eurotunnel and EY and Eurotunnel have published a new study which reveals that the Channel Tunnel facilitates UK-EU trade worth almost €140 billion each year –  more than a of all business between the UK and the EU.

The Economic Footprint of the Channel Tunnel in the EU, demonstrates the integral role played by the fixed link in the transportation of goods, freight and people.

It shows for the first time the detail of the traffic flows managed by Eurotunnel between the UK and its main European partners.

Peter Arnold, partner, economic advisory at EY said: “Brexit may well represent a significant change in the economic and political relationship between the UK and the EU, but the Channel Tunnel will retain a critical role as a facilitator of economic and cultural links between the two. Sustaining current traffic flows will ensure the growth achieved to date continues.”

Tags: eurotunnel