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The first of March traditionally marks the start of springtime in the UK, but what does it hold for Customs and international trade? Importers must focus on compliance as they grapple with new import controls that have come into force in the UK. Exporters must also prioritise compliance; there has been an increase in exporters misinterpreting their obligations when employing specific Incoterms®2020 rules. Allocate time to freshen up your compliance processes this spring, leaving no room for uncertainty in international trade.
Our friends at The Exporter Magazine have generously allowed Strong & Heard Subscribers to access the January - February Issue of TEX. You are invited to read at this link.
For all the latest news & updates, check out our Industry Insights page, and don't forget to follow us on LinkedIn!
Refreshing Revision: Guidance on Third-Country Processing of Iron and Steel Regulation Enhanced by Both the EU and UK
The Department for Business and Trade issued a timely update regarding their country-processed iron and steel guidance on Monday, February 26th, 2024. It provides a favourable development for UK traders who frequently import these commodities from the European Union. The European Union made a similar update on the 23rd of February 2024, listing the UK as a partner country in relation to this regulation.
Removal Reminder for 999L - Essential Steps to Take for UK Imports
On the 31st of January 2024, HMRC withdrew the use of waiver code 999L on CDS Imports, permanently removing this option for UK Importers, resulting in confusion among some traders regarding the subsequent actions to be taken.
What is an Export Control Classification Number (ECCN) and its Relationship to Export Control Compliance?
The UK Regulations require that the Exporter named on the Customs Declaration is responsible for obtaining a license for Strategic Goods, which are to be sent to a destination outside the UK.
Moving Qualifying Northern Ireland Goods from NI to Great Britain via Ireland
Previously, under the former regulations, goods entering Great Britain directly from Ireland were to undergo import procedures. However, a recent amendment has altered the landscape, particularly regarding goods transported from Northern Ireland to Great Britain via Ireland. This amendment introduces exemptions for certain goods, termed as qualifying Northern Ireland goods, from the necessity of completing import declarations.
Navigating Challenges: UK's Path to CPTPP Membership
The Comprehensive and Progressive Trans-Pacific Partnership is a trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. The UK applied to join the group in 2021 and signed an accession protocol with all current members in July 2023; however, the road to the UK’s full membership is presenting more challenges than initially anticipated.
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