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WEBINAR: Doing Business In The UK - Dealing with the Border

Review on Demand practical Exporting & Importing Tips To Overcome The Border


On 3 November 2021, exportTT in cooperation with Customs Manager Ltd held a webinar on Doing Business in the UK. We were invited to share our top tips on exporting and importing and how to overcome the border, enabling companies to reach their future UK customers faster, cut paperwork and bureaucracy, become or stay compliant and, ultimately, grow faster. Chambers of Commerce from the UK, Belgium, the Caribbean and the TT Ministry of Trade took part in this event alongside Customs Manager Ltd.


The agenda ran as follows:

exporTT Doing Business in the UK Agenda
.pdf
Download PDF • 193KB

Review the presentation by Customs Manager Ltd on Demand at any time:

What was the presentation all about?

Finding the right export markets can be crucial for a business to diversify its revenue source. But starting to find overseas customers and export opportunities, is not always straightforward. Quite a lot of research is needed into the country for an understanding of:

  • economic and industry information

  • local legal requirements

  • how to protect your intellectual property

  • language and cultural issues.

Barriers

There are also barriers to trading and investing abroad. Our webinar contribution, called "Exporting and Importing with the UK - Practical steps every exporter needs to consider to trade effectively, efficiently and, of course, compliantly" allows you to find out if there’s anything that might slow down or stop your company from exporting goods, in the UK. It is important that businesses get a good overview and awareness of any risks, as well, and proactively manage this.


Border

The customs border is one of those barriers to entry that must be overcome. It is not managed right, it can delay a business reaching their overseas customer, get buried in bureaucracy and paperwork, be exposed to accidental non-compliance and slow global company growth altogether. What's more, duties and taxes may need to be paid and customs procedures carefully followed.


Trade between the UK and the CARIFORUM States

The UK has signed an economic partnership agreement (EPA) with the CARIFORUM trade bloc, which is in effect. It is a replica to the EU agreement.


The CARIFORUM States covered by this EPA are:

  • Antigua and Barbuda

  • Barbados

  • Belize

  • The Commonwealth of the Bahamas

  • The Commonwealth of Dominica

  • The Dominican Republic

  • Grenada

  • The Republic of Guyana

  • Jamaica

  • Saint Christopher and Nevis

  • Saint Lucia

  • Saint Vincent and the Grenadines

  • The Republic of Suriname

  • The Republic of Trinidad and Tobago

With the agreement, the UK commits to providing immediate duty-free, quota-free access to goods exported from the CARIFORUM States. In exchange, the CARIFORUM States commit to gradual tariff liberalisation of goods. Some domestically sensitive products in the CARIFORUM States are excluded from tariff liberalisation.


This EPA includes provisions on:

  • trade in goods - including provisions on preferential tariffs and rules of origin

  • trade in services

  • intellectual-property

  • government procurement

In certain areas, there have been some minor changes that may affect the way you trade.


Tariff rates on goods

As mentioned during the webinar, Tariff rates for bilateral trade in goods between the UK and the CARIFORUM States continue to apply as set out in the agreement.


Rules of origin

As Arne mentioned in his speech, Unless you are permitted to provide an origin declaration, you need to fill in a certificate of origin to claim preferential treatment. The UK continues to use the EUR1 format for movement certificates with trade partners that have mutual FTAs with the EU, including the CARIFORUM States. These movement certificates are identical to those previously in use, but the place of origin on the certificate is now marked as the United Kingdom instead of the European Community. EUR1 certificates of origin that have been updated to show the UK are now available from your usual provider, such as the chambers of commerce. If you previously used the EUR1 form with a mutual EU trading partner, you can use the new EUR1 form that shows the UK as the place of origin.


Find out more about the EPA - FTA

UK CARIFORUM FTA: How to trade with Caribbean countries for zero duty

(S,P) Trade between the Caribbean countries and the UK is facilitated by an EPA. What is that and how do firms benefit?


Learn more and upskill in LIVE training:


Learn about Rules of Origin

Information Hub: https://www.customsmanager.org/rules-of-origin

Latest Updates: https://www.customsmanager.org/customs-global-trade-blog/categories/rules-of-origin

Learn about Exporting

Information Hub: https://www.customsmanager.org/how-to-export-sucessfully


Get the Newsletter

Sign-Up here: https://www.customsmanager.org/newsletter


Watch the Video presentation on Demand

Review on-demand the practical tips that Arne Mielken, Managing Director of Customs Manager Ltd provides to businesses outside the UK to help them export products out of your country and import them swiftly into the UK. Available soon


Download the slides of the presentation delivered

Doing Business in the UK - Practical Steps to cross the border swiftly
.pdf
Download PDF • 1.68MB


About exporTT

exporTT is the National Export Facilitation Organization of Trinidad and Tobago, charged with generating export growth and diversification in the non-energy goods and services sectors. Catering to the needs of all Exporters, exporTT focuses on building internationally competitive firms, improving the business environment, and harnessing the differentiating factors that set Trinidad and Tobago exporters apart in the global market place. It is a trade policy implementing agency of the Ministry of Trade and Industry (MTI). They provide a comprehensive range of services to exporters focused on increasing non-energy exports, increasing the number of Exporters and delivering value for money.


Essential, online Customs & Global Trade Support

You can:

get advice on our Information Hubs.

find out how to determine the relevant duty rates and commodity codes for your goods in our Classification Hub

get help by asking the Customs Manager Ltd experts a question


Where to find even more help and support


About Customs Manager Ltd.

Working with us means having a Customs Advisor, Global Trade Expert and Export Controls Consultant, on speed-dial. If you are looking for a customs consultant UK and EU, let us help you trade effectively, efficiently and, of course, compliantly, wherever you want to go in the world.


Need to stay up-to-date with changing customs and global trade rules? We monitor legislation so our clients don't have to. Learn about all changes in our fresh expert blog, join exclusive briefings and ask any questions 24/7 through to the VIP hotline. Or sign up to our no-charge, insightful newsletter.


Entrust us with your training needs and help us to upskill you and your teams in English, German, French and Spanish. We offer public and private live, in-house and on-demand (study from anywhere and anytime) courses.


To complete our support for globally trading businesses, we are also a UK Customs Broker. We act as a customs clearance agent on behalf of many EU and UK businesses, assisting with customs documentation and all other formalities to ensure the customs clearance of our goods. Whether you’re seeking a long-term partner to look after your customs clearance or require support for a one-off shipment, please don’t hesitate to get in touch to discuss your requirements.


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You are not allowed to use this information in any way that infringes the intellectual property rights in it. You may have to hold a valid licence to use this information. A licence can be obtained by becoming a Premium subscriber to the Customs Managers’ Trade Intelligence service. As a Premium subscriber, you may download and print this information which you may then use, copy or reproduce for your own internal non-profit-making purposes.

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This information is intended to serve as general guidance only and does not constitute legal advice. We cannot guarantee the quality, content, or accuracy of the information provided on this page as laws and information change regularly. Moreover, the application and impact of laws can vary widely based on the specific facts involved. This information should not be used as a substitute for consultation with professional legal or other competent advisers. Before making any decision or taking any action, you should consult a Customs Manager Ltd. professional.

In no circumstances will Customs Manager Ltd, be liable for any decision made or action was taken in reliance on the information contained within this document or for any consequential, special or similar damages, even if advised of the possibility of such damages.


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