Importing and exporting regulations will be rewritten, as the UK continues to figure out the survival plan after we scrap the EU rule book.

 

This will be the first time in over 40 years that the regulations and tariffs will be changed with one country in mind, the UK and it’s industries.

 

Coronavirus has hit the UK hard but with the support from the Government we hope for a successful come back and to continue trading throughout the world.

 

Importing

Recently the government announced that there would be a new tariff over writing the EU’s Common External Tariff. The MFN UK Global Tariff will support the import of all goods overseas, this will make it simpler and much cheaper.

 

These include:

  • Agricultural products
  • Car tariff of 10%
  • Tariffs on £30 billion worth will be removed
  • Ceramic products will maintain their tariff

 

These changes show the government supporting the UK industries, helping businesses throughout the country. This being the first set of tariffs in over 40 years that has been tailored to the UK after leaving the EU.

 

Exporting

Moving onto the UK exporting goods overseas, having more changes to the way businesses can export.

 

Recently it has been announced that businesses can now use electronic AT.R’s when exporting to Turkey. However documents will have to be verified by Turkish authorities in order to be accepted. Any issues will be resolved via the email given on the exporting documents.

 

If you want to leave out the technology that’s fine as you will also be able to use the standard procedure.

 

Free Trade or Not?

A FREE trade for the UK will provide businesses with huge opportunities in the global market, worth around £1.3 trillion annually. Is this something that your business would benefit from?

If you would like more information on international trade refer to the following websites:

 

Government UK

Black Country Chamber of Commerce

Hereford and Worcestershire Chamber of Commerce