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.
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.
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.
NI Protocol talks to continue in ‘discreet’ way as UK and EU bid to present united front
Approval of new export licences for dual-use items to Russia has been suspended with immediate effect.