Learn the latest exporting news and expert advice from our team of consultants. From advice on starting trading on the international stage to how to identify profitable markets, as well as the key exporting news you need to know about, we’ll be posting the content you need to read right here.
Trade barriers with the EU in the wake of Brexit have cost UK firms over £2bn in the first half of 2021. £600m in costs alone have derived from issues surrounding Rules of Origin, where UK firms have to prove that products they’re exporting are over 50% derived from UK or EU components, or face
Exporting businesses in the UK only have weeks remaining to get up to speed with new Rules of Origin procedures if they are to continue tariff-free trade with the EU. Whilst there are variations, the majority rule to class a product as being of UK origin is that it is made from around 50% British
A trade deal between the UK and New Zealand looks to be imminent following a sixth round of talks. A deal would be a big boost for exporters in the UK, especially in the gun, chocolate, clothing and car markets as tariffs look set to be dropped across a wide range of goods. UK consumers
The EU has released its plan to help fix the ongoing issues surrounding UK and NI trade in the wake of Brexit. Whilst Northern Ireland has been kept within the EU’s single market to avoid a hard border with the Republic of Ireland, checks and controls have been in place for goods arriving from Great
The conference and exhibition season is starting and this year the events are mostly back to normal rather than virtual. That’s a relief for many. Time to get away from Zoom and engage in person with potential customers and distributors from new international markets. Video calling has its place in developing an export market. A
The British Chambers of Commerce has called out the Government for lacking Brexit business planning, resulting in UK workforce shortages. After a weekend of fuel supply shortages and retailer Christmans warnings, the BCC made clear in a statement that businesses were suffering the consequences from excluding non-UK nationals from the UK workforce. BCC President, Baroness
The UK is looking at alternatives to strengthening trade ties with the US as the chances of a quick turnaround on a bespoke trade deal look slim. Prime Minister Boris Johnson is in Washington to meet US President Joe Biden, with the latter saying that a dedicated trade deal is unlikely in the immediate future.
Complex regulations surrounding Rules of Origin following Brexit has seen British businesses pay an additional £600m in customs duties in H1 this year. The UK’s trade agreement with the UK, which was geared towards removing tariffs for all goods, has actually seen costs related to export and import activity increase for a swathe of industries.
A chief executive at Maersk has said that the ongoing shipping crisis won’t end until consumer demand falls. Morten Engelstoft, who manages APM Terminals which is owned by Maersk, said that the sector needed to break out of a vicious circle of high consumer demand married with the ongoing pandemic. He told the Financial Times
Eight months on from Brexit and some of the longer-term effects are starting to be seen in the UK. We have seen shortages of some items on supermarket shelves, fast food chains temporarily closing due to lack of chicken or changing menus as items are not available. The issues have been put down to a
Exports of food and drink from the UK into the EU are in freefall. That’s according to new figures released this month by the Food and Drink Federation, showing that exports to the EU have fallen by over 27% in H1 2021 compared to the same period two years ago. Overall, lost revenue totals around
The huge shortage of HGV drivers in the UK is pushing up pay as hauliers start introducing retention charges on bills. Tensions are said to be rising within the industry with the low numbers of available, trained drivers playing ‘musical chairs’ – something hauliers are looking to head off by adding ‘driver retention surcharges’ of
Exports from Ireland into Great Britain have soared in the first half of 2021 whilst GB exports across the Irish Sea have fallen. According to the Irish Central Statistics Office, exports to Great Britain (excluding NI) have risen 20% in the first six months of the year, rising by over €1 billion to €6.7bn. This
The UN’s Intergovernmental Panel on Climate Change’s landmark report published this week painted a bleak picture for the future of humanity and the planet. There was, however, some cause for optimism. We can halt the ever-warming climate, or at least limit it to below two degrees, but we’ll all have to play our part. The
The UK has signed a new free trade agreement with Norway, Iceland and Liechtenstein, expected to boost trade in a relationship with over £2billion a year. Signed in London earlier this month, the deal with lock-in tariff-free trade and secure greater access for UK businesses. The deal is one of the most advanced that Norway,
It’s hot and sunny here in the UK this week with record temperatures. Thoughts are turning to summer holidays although the Covid situation is still a concern. With 70% of the adult population fully vaccinated, we are getting there hopefully. Summer is always a good time to reflect on business and plan for renewed vigour
When you are just starting out on your export journey, there seems no end of opportunity. All you need to do is find a few distributors and off you go. Little or no cost and limitless returns?! Unfortunately, the reality is much harder than it seems. There are many pitfalls to avoid. Targeting the right
Has your business deferred Customs Declarations since the start of last year? If so, you have 175 days from the date of import to submit the full declaration. That time is nearly up. You or your customs agent must file with HMRC within that deadline. Do you or they have the capacity to cope with
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Anyone trading with or from Northern Ireland since Brexit will be aware of the increased difficulties and effective border down the Irish Sea. It’s an issue which has been a constant bone of contention, especially with Northern Ireland politicians, leading to the collapse of the Stormont Assembly after the DUP withdrew. Rishi Sunak, the UK
New data from the Office for National Statistics has found UK service exports have grown to their highest-ever levels. Sales grew by 20% compared to 2021 – and up 23% against 2018 – to £400 billion last year. The UK sits behind only the US as the biggest services exporter globally with the sector contributing
The global appetite for UK food and drink has continued to grow despite pandemic and post-Brexit pressures. New data from the Food and Drink Federation (FDF) has shown how food and drink exports have now surged past pre-pandemic levels to stand at a record £24.8bn with chocolate and cheese exports proving ever-popular. Over half of
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