Trade Toolkit

US Tariff Toolkit

On 2 April new USA Trade Tariffs were announced, but what do these changes really mean for your business and what can you do to help mitigate the impacts of the new tariffs?

German Market Insights

On Monday, 2^nd December 2024, we hosted our second virtual Market Insight Event, with focus on Germany. Post Brexit and after the pandemic and Ukraine war, Germany’s business environment remains as one of the most resilient and stable. Germany was the UK’s 2nd largest trading partner in the four quarters to the end of Q2 2024 accounting for 8.6% of total UK trade. It is strategically located in the EU, has a highly skilled and educated workforce, and its advanced infrastructure makes it the perfect choice for businesses wanting to expand in the EU.

India Market Insights

The India Market Insight event provided a wealth of information for businesses looking to enter or expand in India’s dynamic market. As one of the UK’s key trading partners, India offers vast opportunities across multiple sectors. The event highlighted the strong cultural and economic ties between the two nations, offering practical insights into market trends, regulations, and strategies for overcoming entry barriers. Attendees gained valuable guidance on how to successfully tap into India’s diverse and rapidly growing marketplace.

Export Readiness

Exporting for the first time can be a daunting experience but your local Chamber can offer help and advice on starting your export journey. If you’re considering launching a product in a foreign market or have received an enquiry from overseas for the first time, we can point you in the right direction and provide support.

What is a Free Trade Agreement (FTA)?

FTAs are agreements made between countries that are intended to reduce/eliminate trade barriers across international borders. This doesn’t mean however, that they come without regulations and oversight.

Exporter/Importer of Record

Clarifying the role of the Exporter of Record (EOR) and the Importer of Record (IOR). Why are their roles important? Why do businesses trading internationally use them, and what does their status allow them to do?

Returned Goods Relief

If you’re re-importing goods into the UK that were previously exported/transported from the UK, you might be eligible for duty/VAT relief under certain conditions.

Restriction on Hazardous Substances

Certain substances and materials, while hazardous, are essential to manufacturing in some sectors. For businesses dealing in these materials, there is a level of necessary restriction.

Understanding REACH

REACH or Registration, Evaluation, Authorisation, and Restriction of Chemicals is the UK system which deals specifically with restrictions on chemicals.

Advanced Tariff Rulings

Stressing over the right commodity code? Get an advanced tariff ruling!

EUR1 Certificates

What is an EUR1, and why would you use it?

ATA Carnets/Duplicate Lists

Which should you use, and what’s the difference?

Exporting country guides

Find out more about the countries you are exporting to and the free trade agreements behind them.

Incoterms 2020

Learn more about the 11 commercial terms that define the costs, risks and obligations between the buyer and seller in International Trade.

UK Import Border Change – July 2022

Full import customs declarations were introduced on 1st January 2022, with full Sanitary and Phytosanitary (SPS) checks and Entry Safety and Security (ENS) declarations required from 1st July 2022.

Can you claim duty and VAT back on your trade processes?

Find out how special procedures can be applied by your business to suspend or delay the payment of duties for your export/import.

Inward/Outward Processing

If you are exporting or importing for the purposes of ‘repairing’ or ‘processing’, you could be eligible to save money on Duty and VAT.

Declaring Origin

This article aims to help you trade more effectively internationally by explaining the different possible methods of declaring the origin of your goods.