No exciting new free trade deals for the UK this week but still we had five days of key announcements and developments that affect you, our readers. Here are your must-reads from the past week:
At an IOE&IT webinar entitled ‘Preserve and grow your business with the EU’ on 12 May, more than 500 traders were warned that the first supplementary declarations for goods imported into GB from the EU are due on 27 June. Traders were urged to prepare, despite government easements on a previous timetable for the first declarations.
The UK government has admitted that 23 of its post-Brexit trade deals include clauses that might prevent companies benefitting from freeport tax benefits while exporting their goods tariff-free. Freeports are a key pillar of the government’s post-Brexit trade policy.
The UK’s minister for EU relations Lord Frost has said the Northern Ireland Protocol is not “sustainable for long” in its current guise. Since 1 January 2021, NI businesses have faced some disruption in receiving goods from GB under NI Protocol trading rules.
A new loan scheme for lifetime learning, announced in the Queen's Speech this week, was welcomed by Institute for Export & International Trade (IOE&IT) director general Marco Forgione, who added that while grants were preferable, loans instead would need to be “affordable and easy to access”.
British exports entering Irish ports are moving more smoothly than earlier in the year because traders and customs authorities have adjusted to new rules and technologies, an Irish select committee has heard. This follows complaints from hauliers at the beginning of the year that the system was slow and unreliable.