UK goods face new Canada tariffs in Brexit trade fallout
New duties will now be imposed on Britain’s exports to Canada. As a result of the failure of negotiations between the two nations to extend trade rules for a new post-Brexit agreement, this has occurred.Automobiles exported from the United Kingdom to Canada are subject to a 6% tariff or tax.This comes as the temporary privilege granted under the UK -Canada trade deal which was extended after Brexit in 2020, expired after failed negotiations.As a result, British exporters of vehicles, chemicals, and processed foods that depend on EU parts will no longer have tariff-free access to the Canadian market.
EU scraps paperwork burden for UK steel exports: This eliminates costly “mill certificates” and benefits UK businesses.
30 April deadline looms for import controls: What will change on 30th April? How to remain compliant?Additional import controls are coming on 30 April.Read more to ensure compliance with upcoming changes.
Supply chain woes:Â Baltimore Bridge collapse disrupts US East Coast trade. Baltimore being a key port on the east coast of the US, is a major hub for international trade into and out of the United States. The Maritime cargo into the port has been suspended as a result. This will create significant problems on the US East Coast for US importers and exporters,
Export control regulations amended:Â New controls on emerging technologies
Global trade rebounds in 2024:Â Trade in environmental products saw growth, particularly in electric cars, which boosted motor vehicle trade. Although the prediction for 2024 appears to be bright, concerns persist owing to geopolitical challenges and shipping interruption.
Euro area trade surplus increases:Â The European commission recently released euro indicators highlighting a boost in international trade.Exports rise, imports fall for the Eurozone.
UK trade and investment facts revealed:Â Government releases data on trade with overseas partners.
PEACH system closes on April 8th: Learn more about the transition to IPAFFS for plant and plant product import notifications.
Reflecting on Brexit: 5 years later: With all the regulation uncertainties, traders faced great challenges during this time.Five years on, let’s see how the customs industry coped with these changes.Read More
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