Christopher
Livesay: Back in 2016 when the UK
voted on Brexit, what did you think?
Noel Wathion: We have a problem.
Christopher
Livesay: Noël Wathion
is Deputy Director of the European Medicines Agency which is responsible for
regulating pharmaceuticals in the European Union. It’s similar
to the Food and Drug Administration in America. And it used to be located in London. Then came the UK’s vote to leave the
EU. While the outcome of the vote was a surprise, relocating his staff of about
900 and their families became an immediate necessity for Wathion
because by law the EMA must have its headquarters in an EU country.
Noel Wathion: We had a general assembly the next day of all staff and I can tell
you the atmosphere was extremely down. There were people crying in the room.
Not sure what was going to happen. And then as senior management we have to make sure that we show leadership and that we say
look we are going to overcome this.
Christopher
Livesay: That day Wathion says he launched a relocation task force. 19 EU
cities bid to host the agency and in November 2017 the European Council made
the announcement: Amsterdam was chosen to be the new headquarters of the EMA.
And this past January the EMA officially cut the ribbon on its new offices.
Compared with London, Amsterdam is a relatively small city of under a million
people. You can cross town in 20 minutes on a bike. But it has both old world
charm and modern infrastructure, which was essential to the EMA.
Noel Wathion: We have thousands of experts traveling on a monthly basis to us.
We need good connections, we need good public transport, we need good hotel accomodation. So this was part of
the list of requirements that we had put in addition to what we needed as
facilities, as a building in order to operate.
Christopher
Livesay: They also needed homes
for staff, like scientific administrator Esther Martinez. She had been living
and working in London for 7 years when the Brexit vote happened.
Esther
Martinez: I’m a firm believer in
the European Union and working together and being united and having that
diversity of nationalities makes it so rich that I was sad when I found out
that the UK voted to leave.
Esther
Martinez: So this is actually my neighborhood.
Christopher
Livesay: She’s getting used to
life in Amsterdam, the good and bad. Apartments tend to be small, parking
difficult, and she’s still learning the language. But she loves the cafe
culture, the trams that make it easy to get to work and, of course, the
bikes.
Esther
Martinez: The hardest thing is to
go through all the paperwork that you need to go through to move. Opening the
bank account, paying your taxes, understanding how all that works in the
Netherlands, but we did actually have help.
Christopher
Livesay: Help from a company the
city of Amsterdam hired as part of its pitch to host the EMA. Roz Fremder is
the owner and says her firm has doubled in size since the Brexit vote.
Roz
Fremder: Brexit is definitely good for the relocation business. I would say 80%
of the private individuals that contact right now are from the UK. And also about 40% of the corporates coming in are looking to
establish, if not relocate their entire companies from the UK to the
Netherlands, at least establish a presence here.
Christopher
Livesay: There’s been a kind of Brexodus of corporations and individuals fleeing the UK.
And almost 100 businesses have already shifted offices and jobs to the Netherlands.The British have been debating for the last
three years ever since the referendum about how to leave the EU. An agreement
hammered out early on was voted down by Parliament, the deadline extended from
last March to October 31st, just a couple of weeks away. But still there is no
new agreement. The British Parliament recently passed a law requiring the
government not to leave the EU without a deal fearing economic chaos and
concerns over trade taxes and the border. It’s all cast a cloud of uncertainty
over the other 27 EU member states. The Dutch don’t want the UK to leave, but
they are making the best of the situation, says Commissioner of the Netherlands
Foreign Investment Agency, Jeroen Nijland.
Jeroen
Nijland: We are strategically located in this big European market which is
the second biggest market in the world.So
many companies come here because they use the Netherlands as an entry point
into that Euorpean market. Businesses feel that this
a very good base for their operations. Our workforce is highly educated and
multilingual.
Christopher
Livesay: In fact, English is
almost universal here. More than 90% of the Dutch speak at least 2 languages,
well above the EU average of about 50%. As for infrastructure, Rotterdam is
home to the biggest harbor in Europe. And Amsterdam’s Schiphol airport is the
third busiest in Europe with dozens of direct connections to other EU capitals.
But the Netherlands is not the only European country wooing businesses from the
UK. One of its chief competitors is France. Notably, Paris has landed another
EU agency, the European Banking Authority. Then there are Germany and Ireland:
Dozens of banks and other financial companies have moved shop from the UK (or
London) to Frankfurt and Dublin. All told, more than a $1 trillion worth of
assets has already been sent out of the UK because of Brexit. And Nijland says the pace of movement is increasing as the
October 31st deadline imposed by the EU nears. Besides the 100 companies
which have moved to the Netherlands already, approximately 325 others have
reached out to the Dutch.
Jeroen
Nijland: The latest figures we have on France is that
they are talking to 250 businesses, Luxembourg 80 and Belgium 100, so I think
compared to the other countries we are doing quite well.
Christopher
Livesay: But Brexit is a
double-edged sword for the Netherlands. 75% of its exports including food and
flowers are destined for the UK market. If new post-Brexit tariffs are imposed
on those goods, they would drive up prices.
Paul
Smit: A lot of companies who
moved from the UK to the Netherlands and in that respect its good for our
economy, of course, but we as a transport company can only lose on it.
Christopher
Livesay: Paul Smit, is sales
manager at a trucking company which does 70% of its business with the UK. Smit
predicts confusion and chaos at the ports where his trucks cross back and forth
to England by ferry. He explained how a no-deal Brexit in
particular would affect his daily business if shipments suddenly get
stuck in customs.
Christopher
Livesay: What is the situation
like right now?
Paul
Smit: You can easily call us
till 3 oclock today, we can load tomorrow, and the
day after it’s in the UK.
Christopher
Livesay: So it pretty sounds easy.
Paul
Smit: It is.
Christopher
Livesay: What do you predict is
going to be the case if Brexit becomes a reality.
Paul
Smit: It’s gonna
add one day to the transport time. But in the beginning
it’s not going work so it’s gonna add 4, 5, 6 days.
We think when there is a hard Brexit it will come to a sort of standstill where
nobody knows what’s going to happen. All this will become more difficult and
more costly and who is going to pay in the end?
Christopher
Livesay: It’s still too early in
the Brexit process for the full effects, positive and negative, to be seen. The
European Medicines Agency’s Noel Wathion expects more
good news for The Netherlands since hundreds of companies that consult with the
EMA will likely consider establishing themselves in Amsterdam to be close to
the EMA. And in any case, he says, whatever happens, the EMA is in the
Netherlands to stay.
Christopher
Livesay: As we sit here now
Brexit is still not a reality. Meanwhile you’ve relocated the agency here, 900
staff members here. What are you going to do if Brexit in fact doesn’t ever
become a reality?
Noel Wathion: That decision was taken to relocate. We have relocated and we will
be staying here.
##
|
TIMECODE |
LOWER
THIRD |
1 |
00:55 |
NOEL WATHION EUROPEAN MEDICINES AGENCY |
2 |
02:09 |
ESTHER MARTINEZ EUROPEAN MEDICINES AGENCY |
3 |
03:14 |
ROZ FREMDER EXPAT HELP |
4 |
4:17 |
JEROEN NIJLAND NETHERLANDS FOREIGN INVESTMENT AGENCY |
5 |
6:29 |
PAUL SMIT WINDHORST FERRY BV |