News

UK and US resolve steel and aluminium tariffs issue

The UK has secured a resolution to end the ongoing issue regarding steel and aluminium tariffs with the US. International Trade Secretary Anne-Marie Trevelyan has today secured a resolution with the US to end the ongoing issue around steel and aluminium tariffs. Following two months of talks, the Trade Secretary met with Commerce Secretary Raimondo in Washington DC this evening and the US announced an expansive removal of section 232 tariffs*, re-opening tariff free access for UK steel and aluminium exporters to the US.

Russia set to lose Most Favoured Nation trade status

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.

Free webinar: What comes next after submitting customs declarations?

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

Plastic Packaging Tax Warning for Importers.

Letter of Credit for exports to Egypt become mandatory from 13.02.2022 - New Legislation in place!

The Central Bank of Egypt has stopped the usage of documentary collection for all imports into the country with immediate effect from 12 February 2022 leaving letters of credit as the only acceptable method for payment.

Single Trade Window for UK

The UK government is designing a Single Trade Window for the UK, a new facility that will allow traders to input all data relating to imports and exports in one place, rather than through multiple systems run by different border agencies and authorities.