BCC Trade Update

 

  • The UK government is consulting on plans for a Single Trade Window at the GB border covering customs and other border processes. See the policy document on this set of proposals here. BCC commented on this announcement in the Financial Times. A consultation is open until the spring and we hope to have a briefing session with officials in the New Year to explore the business case for these plans further.
  • New guidance on forthcoming inbound GB customs requirements has been issued by HM Revenue and Customs (HMRC). Find out more about the new rules which come into effect from Saturday 1 January 2022 on making customs declarations and eligibility for making simplified declarations.
  • The UK government has announced a further two years extension (until October 2025) on full registration compliance with the new UK REACH system on chemicals approvals in GB. The announcement was made in a letter to industry from George Eustice MP, Secretary of State for Environment, Food and Rural Affairs (DEFRA) earlier this week.
  • BCC's Director General Shevaun Haviland spoke with members of BritishAmerican Business this week about UK-US trade and investment issues. The group launched a new proposal for the creation of a UK-US Trade and Economic Council. Anne-Marie Trevelyan MP, Secretary of State for International Trade, visited Washington this week to discuss key trade issues with US Trade Representative Katherine Tai, including steel and aluminium tariffs.
  • A 67-strong group of countries has moved to implement an agreement at the World Trade Organisation in Geneva to lower barriers and costs of services exports between them. Signatories include the UK, the US and the EU. Once the Domestic Regulation in Services Agreement is fully operational, 90% of global trade in services will be covered, and export costs for services could be cut by up to 7%.