British businesses have been warned that they face significant delays to their imports if they don’t move to a new customs service.
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While the UK is still striving to reach a comprehensive trade deal with the United States, a second deal has been struck with one of its states.
UK trade via Northern Ireland to the Republic of Ireland (ROI) is booming, with imports to Northern Ireland up 23 per cent and 42 per cent in the opposite direction.
The UK has continued building up new trade ties post-Brexit and has announced it is close to a deal with India while negotiating a hi-tech deal with South Korea.
HM Revenue & Customs (HMRC) has announced that from this month, new importers can no longer register with the Customs Handling of Import and Export Freight system (CHIEF) and must now use the Customs Declaration Service (CDS) instead.
The UK has launched free trade negotiations with six Gulf states which cover £33.1 billion worth of trade.
Tens of thousands of UK businesses are being urged to migrate to a new IT platform to continue importing and exporting goods.
There was a silver lining to the news that the UK economy shrank again in April, with good statistics on the international trade front.
UK exports to the EU are still significantly below pre-Brexit levels, according to the Office for National Statistics (ONS). There has been a recovery after a steep drop of 40 per cent in January 2021 at the end of the transition period, according to the figures. Trade recovered to finish […]
Food exports to non-EU countries have risen to record levels, with Australia, Canada, India, Japan and the US all seeing trade from the UK above pre-pandemic levels.
