Your Customs Manager’s Post

Answered the 5 top questions customs experts have asked me about the new UK Labour Government....what do you think?

With the new government finally stabilising in both the countries. All are eyes on how the stalled Free Trade Agreement negotiations pan out especially with both countries focusing on trade measures to strengthen economic situation.

How a Labour election win could change the EU/UK trade rules once more Well, the recently announced UK elections are almost certain to provide a change in leadership within the UK. After 14 years of Conservative rule, Brexit, and a change in sovereign, there are certainly interesting times ahead for businesses in the EU that deal with the UK and vice versa. Implications for EU Businesses As the UK election approaches, Labour leader Keir Starmer is working on a plan to renegotiate the Brexit deal. His goal is to ease trade barriers and address the Northern Ireland border issue. However, the EU wants the European Court of Justice (ECJ) to have oversight, a point of contention for many in the UK. This could significantly impact how businesses in countries such as Sweden and Spain deal with their UK B2B and B2C/D2C partners. Impact on EU Companies Dealing with the UK EU businesses may face new regulatory landscapes and trade processes as the UK negotiates with the EU. Key areas of impact include: Regulatory Alignment: Businesses might need to adjust to new standards to remain compliant. Trade Processes: Changes in customs procedures and documentation requirements could impact logistics and backend processes. Market Access: Understanding potential shifts in market access and tariffs will be crucial for strategic planning and business roadmaps. How We Can Help We have helped steer businesses from the EU dealing with the UK and UK companies dealing in the EU. If you need any advice or have questions about the potential changes, just get in touch! #uk #eu #brexit #trade #unitedkingdom

🗞 ✨ CCCEU Weekly Update: As the EU elections draw near, leading candidates have commenced debates, touching on key issues including relations with China. This week, the Berlaymont building hit China with two anti-dumping investigations and requested an imminent customs registration for mobile access equiments. Chinese electric vehicle manufacturers reportedly could face high tariffs as the EU broadens its scrutiny of subsidies to encompass their entire supply chains. Click the link to check the full article and stay informed about China-EU dynamics with the latest edition of the CCCEU Weekly Update. ⬇️ https://lnkd.in/ehGCFdwS

Have you heard of the EU Customs Union Reform? In this webinar, Arne Mielken discusses what changes are proposed and how these impact EU and non-EU trade. https://lnkd.in/e4672gkB

#Brexit and #Business report 94% said leaving the Single Market and Customs Union has had a negative effect. - More than 50% said Brexit red tape has made trading with the EU increasingly difficult - 95% of business community believe we will rejoin the Single Market and Customs Union in the future

We are breaking #trade barriers!    The EU–New Zealand FTA is a game-changer, eliminating tariffs on vital EU exports, opening doors to key sectors in New Zealand's services market and enhancing EU companies' access to government contracts. #NewZealand #EUNZ #economy

EU Customs to tackle human rights violations in supply chains: In a move towards the US approach, the EU is discussing a law to ban products made with forced (including child) labour. The restrictions will cover the import, sale or export of all types of goods, whether manufactured in or imported into the EU, which are wholly or partially made using forced labour. The proposed regulation is expected to extend to the use of forced labour during products’ production, manufacture, harvest and extraction (but not service activities such as transport or distribution). This ban will be largely structured through customs rules and screening, with customs authorities empowered to suspend the release for free circulation or export of products they identify as being in violation of the ban. We'll be following this closely, but in the meantime, see our blog for more details. EU to Ban Products made with Forced Labour - Import and Trade Remedies Blog (https://lnkd.in/eE7Mah6A) #ForcedLabour #Customs #HumanRights #ModernSlavery #InternationalTrade #ESG #ForcedLabor #Import #Export Jennifer Revis Lionel Van Reet Nicole Looks Alex Lambert

Valuable update from Andrew Hudson

LCI Updates: The government stipulated the provision of certain customs treatment to economic operators that have obtained recognition as an Authorized Economic Operator (AEO). These provisions are stipulated in Regulation of the Minister of Finance Number 137 Year 2023 regarding Authorized Economic Operator (MOF Regulation 137/2023) which comes into effect on 11 January 2024. https://lnkd.in/gcADbAjQ #economy #legalcentric