Under what is known as the “Most Favoured Nation (MFN)” system, the World Trade Organization (WTO) requires that the same trading terms be applied to all WTO members, unless there is a trade agreement between two or more countries. This means that the UK, for example, cannot offer better trading terms to one country and not another, unless through a specific trade agreement.
Your goods have arrived at their export or import destination. You have submitted the required customs declarations and other documentation. So what now?
Plastic Packaging Tax Warning for Importers.
BCC SAYS MORE MUST BE DONE TO IMPROVE UK-EU TRADE On the second anniversary of Brexit, and with huge lorry queues being reported at Dover last week, the BCC is calling for urgent action to improve trade with Europe. With well over half of UK exporters (60%) surveyed by the BCC in November 2021 reporting difficulties in trading with the EU, an increase from 49% in January 2021, it is clear urgent action is needed.
There has been a lot of talk recently from government departments and business and trade organisations, such as ourselves at the British Chambers of Commerce, about the importance of traders requiring an EORI number. Many companies that trade exclusively with the European Union at present may not know what they need to do or why it is important.
There is a new clause in EU-UK Trade Cooperation Agreement (TCA), that permits us to send goods to the EU for repair without them having to be approved for a special customs procedure such as Outward Processing relief (OPR).
When the UK left the European Union, special arrangements were put in place for trading with Northern Ireland. Here we examine the current operation of the protocol. It is important to remember that Great Britain (GB) includes England, Scotland and Wales, and does not include Northern Ireland. The UK includes GB and Northern Ireland. The purpose of these arrangements was to prevent a hard border being imposed between Northern Ireland (NI) and the Republic of Ireland (RoI). The EU wishes to prevent goods sent from GB to NI from moving to the EU unless they comply with EU regulations.