Category: International Trade

Air cargo delays and ocean carriers announce Israel war risk surcharge

While sea freight traffic is largely operating without significant issues, the conflict in Israel is impacting airfreight to the country and the surrounding region, with many carriers’ services subject to cancellation and delay. Many airlines have suspended direct flights to and from Israel,... Read more

eBills have same legal recognition as paper bills of lading

The UK’s Electronic Trade Documents Act (ETDA) came into force on the 20th September, providing an electronic bill of lading (eBill) the same legal status as a paper bill of lading. This is a major step forward in the modernisation of international trade and is anticipated to boost the UK ec... Read more

EC to end container shipping alliances

On the 9th August 2022, the European Commission (EC) issued a call for feedback on the Consortia Block Exemption Regulation (CBER) and on Tuesday announced that it will not renew the sector’s exemption to operating shipping alliances when current legislation expires on 25th  April. The Cons... Read more

Businesses face 24 legislative and policy supply chain changes

The Institute of Export & International Trade has issued a report highlighting the volume of regulatory change facing UK traders over the next 18 months and called for support for businesses through this turbulent period. The report – The Border Target Operating Model and Beyond: Navigat... Read more

UK business welcomes steel action

Anti-dumping and countervailing measures on imports of Hot Rolled Flat and Coil steel will be kept until 2027, to protect the UK’s steel industry from the damage caused by low-priced steel and competitive products that have benefited from government subsidies in their country of origin. The ... Read more

BRICS; irrelevant or irresistible

The fifteenth annual BRICS summit, attended by Brazil, Russia, India, China, and South Africa, took place in Johannesburg last week, with members committing to expansion, in a significant development, that will have a major impact on the global economy. The addition of six new members, includi... Read more

Take your customs declarations to a whole new level

Metro provide customs clearance services at all UK airports and ports of arrival and departure, including inland border points, with import and export entry processes completed within two hours. Simply provide us with your commercial invoice, packing list and any other supporting documents and... Read more

Royal assent for Electronic Trade Documents Bill

Exactly two weeks ago the Electronic Trade Documents Act 2023 (The Act) received Royal Assent from King Charles III and will come into effect on the 20th September 2023. It sets out the basis upon which trade documents can exist and be dealt with in electronic form, such that an electronic trade ... Read more

UK joins CPTPP in biggest trade deal since Brexit

Subject to ratification, the UK has joined the CPTPP trade pact with countries in Asia and the Pacific, including Japan, New Zealand and Australia, with whom the UK has agreed Free Trade Agreements (FTA). The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was est... Read more

Cutting production ties with China is impossible

In response to COVID developments and rising geopolitical tensions, companies may be re-shoring, or near-shoring production out of China, but the country’s dominance in world trade makes cutting it out of global supply chains impossible, say leaders of two of the world’s most important compan... Read more

America is the land of opportunity for small businesses

A study by the Federation of Small Businesses confirms that the US, which is already the UK’s largest trading partner, tops the list for UK SMEs to trade with outside Europe. The new findings come after an FSB delegation to the USA held a series of engagements with senior officials from the ... Read more

Government’s 10 benefits of Trans-Pacific accession

The UK has reached an agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with Australia, Canada, Japan, Mexico, New Zealand, Singapore, Vietnam, Peru, Malaysia and Chile, supporting tariff-free trade with a number of nations with which the UK does ... Read more