Trading with Russia
On 24 February the UK has announced a new package of sanctions on Russia, full details are available here.
It is important that you ensure your business activities are compliant with the current sanctions against Russia and seek legal advice if necessary. The situation will obviously develop over the coming days and weeks, so you should continue to check the guidance pages listed below to understand the potential impact on your business and action you may need to take.
If you are planning to trade with Russia, you should check if your product is on the export ban list which can be found in the Russian Sanctions: Guidance document.
There is a suspension of dual-use goods. You can assess your products to determine whether or not they are controlled and are subject to this suspension here.
Consular support is available to British nationals in Ukraine and Russia:
You can stay up to date with the latest government notifications on export controls by signing up to the Export Control Joint Unit (ECJU) e-alert service.
You should also consult the links below, which refer to 2019 and the latest 2022 financial sanctions relating to Russia.
Companies doing business with countries subject to sanctions must accept the risks of doing so, just as they accept other political and market risks. We suggest you take legal advice if you suspect your business could be impacted.
If you have a question about trading with Ukraine or Russia use the dedicated online service from the Export Support Service or call 0300 303 8955.
Letters of Credit
Tuesday 15 March, 9.30am-1.00pm
This workshop covers the five main types of payment for exports, from advance payment to open account, including Sight Documentary Collection, Term Documentary Collection and Documentary Letters of Credit. It includes the use of Bills of Exchange with and without documents.
This course is important for any company trading with Egypt as per the statement from the Central Bank of Egypt last month:
As one of the governance procedures to regulate the importation process of goods into Egypt; The decision was made to stop all import transactions through collection of documents and use bank to bank transactions instead. The only approved way of importing is through letters of credit from importers.
Inward and Outward Processing
Thursday 24 March, 9.30am-1.00pm
This course will cover special procedures and the benefits of using IP and OP in your compliance.
Understanding Rules of Origin
Tuesday 29 March, 9.30am-1.00pm
We will explain all aspects of the Rules of Origin and Trade Agreements and how to understand and comply with them to help companies be more competitive in export markets.
The UK-New Zealand free trade agreement was signed in London last week by Ministers. The British Chambers of Commerce (BCC) issued comments welcoming the deal, which must still be ratified. It is likely to take effect at the end of this year or in early 2023. It is wide-ranging with new labour mobility schemes, zero-tariff trade for UK exports, decent market access on services and chapters on digital trade, green trade and SMEs.
The UK and Singapore have reached a Digital Economy Agreement which is aimed at speeding up e-commerce, strong data flows and customs facilitation provisions. The BCC welcomed the agreement and look forward to its ratification and entry into force.
Is your business ready for Industry 4.0?
Advanced Capacities for Manufacturing - Industry 4.0 (ACMI4.0) is a £1.2 million European Regional Development Fund (ERDF) project which is helping manufacturing SMEs adopt and integrate Industry 4.0 technologies and design principles more effectively with 12 hours of free, expert consultancy and a capital grant fund.
Read more here >
UKCA marking - call for case studies
From 1 January 2023 most products placed on the GB market must be marked with the new UKCA product marking.
To ensure UK suppliers are ready for this deadline, BEIS is looking for businesses who have already made the switch from the current CE marking who would be willing to share their insights and encourage other businesses through the process.
Has your company has adopted UKCA marking? Would you would be willing to be featured as a case study?
Read more >