Updates: BTOM woes, € 700m Brexit gain for Ireland , ￡12b for UK exporters,UK trade measures, DFT invests1.8m, DSI trading standards, HMRC webinar...

Dive straight in to get your weekly? trade and custom updates

Teething Troubles Persist with the Newly Implemented BTOM Rules

Importers are facing ongoing challenges due to Britain's new phytosanitary regulations, with reports of significant queues at the only 24-hour border facility.

The Sevington site in Kent, purpose-built for this role, stands as the country's sole government-operated facility, staffed by inspectors working around the clock, 24/7.

According to sources cited by The Loadstar, a technical issue in the automatic licence verification system connecting the Custom Declaration Service and the new Import of Products, Animals, Food and Feed System (IPAFFS) has resulted in a backlog of trucks at Sevington. Read more

Ireland Gains €700m from Brexit Customs Duties

It's been a positive week for Ireland, as reported by The Guardian, with customs duties amounting to €700m since the onset of Brexit.?

Prior to Brexit, Britain benefited from customs-free exports to Ireland and the wider EU as a result of its membership in the single market and customs union.

New data from Ireland reveals a significant 90% surge in customs duty receipts between 2020 and 2021 coinciding with the implementation of Brexit.?

Notably, compared to 2019, receipts surged by 52% in 2021, followed by an 80% increase in 2022 and a 72% rise in 2023. Learn more

UKEF Aims to Secure ￡12 Billion for UK Exporters in Five-Year Plan

British businesses are set to benefit from billions of pounds worth of fresh exporting opportunities, to further boost the UK economy? as outlined in the plans unveiled today by UK Export Finance (UKEF).?

UK Export Finance published its new 2024-29 Business Plan, setting out its intention to help firms win over ￡12.5 billion in new business by 2029.??

This signals? concerted effort to bolster economic growth and support businesses in expanding their global footprint. Find out here

Government Improves Biosecurity Measures at UK's Trade Border

The Government is reinforcing its trade border to enhance the detection of pests and diseases in imported products.

Products that pose a 'medium' risk to biosecurity will now undergo identity and physical checks at the border to detect pests and diseases that could jeopardise food safety and harm the environment. Checks involve visual inspections and temperature readings of goods.

Additionally, ‘high risk’ goods will now be checked at the border, where before they were checked at destination. Learn more

DfT Invests ￡1.8 Million in Freight Decarbonisation Innovation

This initiative aims to introduce cutting-edge technology throughout the industry to reduce carbon emissions from freight and enhance the UK supply chain, aligning with the Government's strategy to stimulate economic growth.

The ￡1.8 million Government funding boost will enhance delivery services, making them smarter, more efficient, and environmentally sustainable for individuals and businesses across the UK. Read more

DSI Finalises Digital Trade Document Standards, Boosting Hopes for Interoperability

The International Chamber of Commerce's Digital Standards Initiative (DSI) has achieved a significant milestone by endeavouring to establish universal digital data standards for a range of commonly utilised trade documents.

The DSI recommended legal and regulatory support for documents containing legal or regulatory elements, particularly those necessary for border crossings and customs clearance. Learn more?

Webinar Alert

HMRC is hosting a series of webinars to provide traders with all the necessary information before the rollout of the next phase of the New Computerised Transit System (NCTS5) in July.

The upcoming session is scheduled for May 15, and you can access it here.

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