Attending the Olympic Games and taking commercial samples, professional sporting equipment or other? Using ATA Carnets!
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
2d ago
With less than a week to go the 2024 Paris Olympic and Paralympic Games, thousands of athletes, media representatives and suppliers are preparing their trip to France this summer.   The ATA Carnet is a vital tool for you to use to take broadcasting, sports and other professional equipment across borders – for use at the Games Every year, 200,000 ATA Carnets are issued, allowing goods worth $28 billion to pass through customs checkpoints – duty free and tax free for up to one year.  Through one globally unified customs document, You, too, can race through customs in ..read more
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Chemnitz Region: A Hidden Gem for UK Firms
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
5d ago
Are you an Engineering or Advanced Manufacturing Firm? Looking to expand your horizons?   Germany is renowned for its engineering prowess, and Chemnitz, in particular, is an emerging powerhouse. This dynamic city is home to a thriving ecosystem of innovative companies, world-class research institutions, and a skilled workforce.   According to the International Trade Centre, there is a staggering $2 billion USD in untapped export potential for the UK within the German machinery and electricity sector, representing a wealth of opportunities that UK companies can capitalise on.   ..read more
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New EU Battery Regulations
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
1w ago
The EU Battery Regulation (2023/1542), implemented on August 17th 2023, is a new law which includes numerous requirements that will be phased in over several years, with new obligations approaching soon.  What’s New?  From the 18th August 2024, new requirements will come into effect. This is in addition to the waste management regulations for batteries that will be enforced from the 18th August 2025 onwards. Most new obligations must be managed by the battery manufacturer and trader must hold the technical documentation for the batteries they ..read more
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An Estimated 20,000 UK Small Firms Have Stopped Exporting to the EU Since Brexit
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
1w ago
A new report from the Centre of Economic Performance issued in June 2024 provides some key analysis of UK Trade after Brexit.  The report, overall, shows that exports and imports of goods have shrunk by 1% and 2% respectively since 2016, and when looking at UK’s exports to the EU, these have also been impacted by seeing an overall decline – specially for small firms, and, according to HMRC data, it seems that since 2019 the number of firms exporting to the EU fell from 120,000 to 100,000 in 2023, and such decline was primarily experienced by small firms with fewer than 10 employ ..read more
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Can My Imported Goods Preserve Their Preferential Status When Stored in a Customs Warehouse? If so, What Do I Need to Do?
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
1w ago
Using a customs warehouse opens many benefits for exporters and importers including delaying or waiving the payment of duties and taxes. Another key advantage is the preservation of the goods’ preferential origin status.   When goods are imported into the UK as a Standard Import, and released into free circulation, they lose any preferential status they previously held. Consequently, when re-exporting these goods, even to a country with an agreement for goods of that origin, they are treated as “3rd country” goods, subject to the full rate of duty and tax. One way to avoid t ..read more
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New EU Laws to Support Growth and Investment in the Circular Economy – What UK Traders Need to be Aware of
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
3w ago
According to the European Commission, the premature disposal of consumer goods produces 261 million tonnes of CO2-Equivalent emissions, consumes 30 million tonnes of resources and generates 35 million tonnes of waste in the EU each year. Not only that, but consumers also lose about €12bn annually by replacing goods rather than repairing them.  It is therefore not surprising these new laws aims to support the growth of the circular economy, and it is forecasted that, thanks to these new laws, there will be €4,8bn of growth and investment within the EU. The new ..read more
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Selling and/or Transporting Hazardous Goods? Check Some Quick Facts Traders Need to Know
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
3w ago
Transportation of dangerous goods involves the safe and secure movement of hazardous materials that pose risks to health, safety, property, or the environment. These materials can be in the form of solids, liquids, or gases and require specific handling and transportation procedures to mitigate risks.  Dangerous goods are classified into nine classes based on the nature of the hazard they pose:  Explosives  Gases  Flammable Liquids  Flammable Solids  Oxidizing Substances and Organic Peroxides  Toxic and Infectious Substances  Radioact ..read more
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EU introduces further sanctions for Russia for its continued illegal war against with Ukraine
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
3w ago
The EU remains committed to reduce further Russia’s sources of revenue and capacity to enable its war against Ukraine. The package includes: Important  new energy-related measures targeting liquified natural gas (LNG), and measures targeting vessels which support Russia's war, so this is effectively prohibits all future investments in, and exports to, LNG projects under construction in Russia.   This is the first time there as been a sanction specifically targeting vessels which are enabling Russia’s warfare, which are subject to a port access ban and ban on provision of se ..read more
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Taking commercial goods out of GB in accompanied baggage or small vehicles under £2,500? Check HMRC guidance!
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
3w ago
Commercial goods in accompanied baggage (also known as Merchandise in Baggage – MIB) or taking them in small vehicles (no more than 9 people and weighs 3.5 tonnes and less),  and which you are planning to sell or use for your business and are valued under £2,500, please ensure you declare all commercial goods.   Please note there is no duty-free allowance for goods you’re taking out to sell or use in your business. You can use the merchandise in baggage online declaration service to declare the accompanied commercial goods if you plan to take them out of Great Britain (Scotla ..read more
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FAQ of the Week: Claiming preference on imports: is the Importer’s Knowledge always an option?
Greater Manchester Chamber of Commerce Blog
by GMCCTradeteam
3w ago
Q: We are a UK business importing goods from around the world. Most of the time, we can claim preference by the statement of origin on the invoice from our suppliers. However, in the absence of this statement, we often use the importer's knowledge option when importing from the EU.   We recently imported goods from South Korea, aware of the trade agreement between the UK and South Korea. For this shipment, there is no statement on the invoice and wondered if we could claim under the importer's knowledge for South Korean goods, or is this option just for goods of EU origin? A: The u ..read more
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