UK Lining Up New Trade Deals

by | Oct 9, 2018

Recent reports in the national press have suggested that a trade deal with Chile is expected to be signed within a few months, with the government already speaking to a further 30 countries regarding post EU relationships.

The new agreement which is being dubbed by the government as “the avocado deal”, due to Chile’s large quantity of the popular fruit, is expected to be the first of the new global trade deals for Britain.

It is understood that the deal would include Britain dropping EU tariffs on their avocados and wine, while the Chileans will drop barriers to whisky and engineering products from Britain.

UK trade with Chile is estimated at £1.8 billion but the government believes trade will grow hugely with the country as a result of Britain taking back control of its trade policy from the EU.

With the UK leaving the European Union in March next year, securing trade deals is an essential task for the government.

The highest priority for the UK will be a deal with the United States, although President Trump has expressed enthusiasm for the discussions to take place, it may not be the easiest of negotiations.

To find out more about how Customs Insights can provide you with a competitive edge in your supply chain, then please call 01304 211652 or email enquiries@customsinsights.co.uk.

 

Follow Us:

Consultancy Services

Ensure compliance, resolve difficulties, manage efficiencies and reduce duty.

CFSP Bureau Services

Customs Freight Simplified Procedures, a simplified electronic paperless gateway.

More News…..

UK Gov Issue No Deal Guidelines

While parliament remains in the middle of critical debates surrounding the no deal scenario, the UK Gov site has issued guidelines to businesses on how to prepare for the possibility.The guide outlines what steps UK businesses should take to be able to send and...

French Customs Guide For No Deal

With the increasing chances of a no deal Brexit, customs formalities and controls at the border between France and the UK could well be reinstated.French customs have issued guidance for UK businesses that move goods between the UK and France (and beyond), which...

Latest Anti Dumping Duty Measures

Anti-Dumping Duty is an Import Duty charged in addition to Customs Duty that applies throughout the EU and while the UK are still members it applies to the UK as well.The implementation of this duty enables the EU to take action against goods sold at less than their...

Share This