Brexit news: Walmart travels to London to scout business partners stunk to EU | Politics | News

The multinational American retail company hopes that British companies will be able to list their product on Walmart’s website. In an effort to win over UK Brexit retailers, the US giant hosted a UK Sellers Summit in London this week.

Walmart has already attracted some key UK companies to its marketplace: STATSports, which makes wearable tech products for people who play sports; BuyBox, home and garden products and; Nodor, manufacturer of Red Dragon darts and other sports equipment.

Pertemba, which exports products to 18 countries around the world, is another UK exporter that will sell on walmart.com.

Ravi Karia, director of Pertemba said: “We have been exporting to all over the world since 2009. Today we sell on approximately 60 e-commerce marketplaces, large and small.

“Walmart Marketplace stands out for us because it’s easy to do business, which gives us tremendous exposure and steady revenue growth. I would advise sellers to take advantage of how easy it is to list on the Marketplace to bring their entire catalog and explore Walmart Fulfillment Services.”

Darren Carithers, senior vice president of market development for Walmart International, said in a statement: “We are confident that UK sellers will be able to leverage the UK’s reputation for excellence in design and manufacturing and product quality to act as Marketplace sellers to thrive and bring more choice to our US customers with speed and scale.”

In a blow to the European Union market, the UK was also Walmart’s largest country in terms of sales outside the US, second only to Mexico and Central America.

The move comes as the UK continues to close horns with the EU over the Northern Ireland Protocol.

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Irish Prime Minister Micheal Martin said Sunday that a new UK law to change part of a Brexit deal to facilitate trade with Northern Ireland was “unilateralism of the worst kind” and urged the government to to resume negotiations.

The European Commission launched two new legal proceedings against Britain this month after London published plans to overturn some of the post-Brexit rules in the so-called Northern Ireland Protocol, which regulates trade with the British province.

London has proposed lifting some controls on goods from the rest of the UK arriving in Northern Ireland and is challenging the European Court of Justice’s role to rule on parts of the post-Brexit deal that the EU and Greater Britain have agreed.

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The new legislation has yet to be passed by parliament, a process that could take some time.

“It’s not acceptable, it represents unilateralism of the worst kind,” Martin told the BBC.

“We fully accept that there are legitimate issues surrounding the operation of the Protocol and we believe these issues can be resolved with serious ongoing negotiations between the European Union and the United Kingdom Government.”

He said the legislation, which London says is needed to restore a power-sharing administration in Northern Ireland, would hurt the county’s economy by introducing a dual regulatory regime that could increase costs for business.

“If this bill is passed, I think we will be in a very serious situation,” he said. “What needs to happen now is really substantive negotiations between the UK government and the European Union.”

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