Update for Türkiye (formerly Turkey)
We have been made aware that recently a number of UK Certificates of Origins have been rejected by Türkiye customs officials as Türkiye officially registered its preferred name with the United Nations.
The electronic providers have been instructed to update the country name in their origin boxes to reflect this change. You will need to ensure consignee addresses are updated by yourselves before submission. Please ensure you amend the spelling on any manual applications that you submit.
Last chance to have your say and put your views to a new Prime Minister - survey ends on Friday!
Political change at Westminster means that the voices of businesses like yours have never been more important. We have a unique opportunity to get your views directly in front of a new UK Government as they begin to set their priorities for the months ahead.
The results of this survey will be anonymously shared directly with UK government ministers and officials, ensuring that any new administration is fully aware of the challenges and opportunities facing businesses around the UK.
In this survey, we want to hear about:
- Your experience of supply chain disruption
- The impact of inflation
- Whether your trade with Europe has changed
- Your views on a possible switch back to imperial measures
- What would help you to increase trade internationally.
Thank you for your continued support of this crucial research work to support UK businesses.
Take part in the survey here.
BCC calls for action as exports remain in limbo
A survey of over 2,600 UK exporters has revealed that overseas sales growth has been effectively stagnant for more than a year since the economy fully reopened after lockdown.
The BCC’s quarterly Trade Confidence Outlook for Q2 2022 showed the proportion of exporters reporting increased overseas sales to be unchanged from Q1 at 29 per cent, while those reporting a decrease remained at 25 per cent.
This compares to around 40 per cent of businesses consistently reporting increased domestic sales across the same time period in the BCC’s Quarterly Economic Survey (QES).
Manufacturers trading overseas are under particular pressure, with only 39 per cent expecting their profitability to increase in the next 12 months, compared to 48 per cent of service sector exporters. This compares to 43 per cent of all businesses surveyed in the QES.
Manufacturing exporters are also the most likely (78%) to expect to raise prices in the next year, a record high.
Almost nine out of 10 (89%) firms in this sector cite 'raw materials' as their biggest cost pressure, with 74 per cent citing 'utilities' and 70 per cent citing labour costs.
Responding to the findings, Head of Trade Policy at the British Chambers of Commerce, William Bain said: “The combination of supply chain disruption, soaring prices, and the impact of Brexit red tape and compliance costs has had a chilling effect on exports, especially for smaller firms already scarred by the pandemic.
“Recent ONS figures have shown in increase in exports to the EU, driven in part by shortages caused by the war in Ukraine. But our data shows there are serious underlying issues - which are hitting smaller manufacturing exporters the hardest.
“Any new Prime Minister must acknowledge the huge challenges being faced by our exporters - often the most dynamic, innovative and forward-thinking businesses in the UK economy.
“Then Government must help businesses to harness the opportunities provided by existing free trade agreements, and those coming on stream. Far too many firms are either unaware of the possibilities or are uncertain how to take advantage.
“Chambers of Commerce have the expertise and business network to help Government shift the dial. By working together, we can build an end-to-end support service for our exporters which could truly make a difference.”
TRAINING COURSES
Understanding Exporting
Thursday 8 September, 9.30am-1.00pm
This course covers all the basic key areas around exporting. It will explain the requirements for documentation, plus an overview of country of origin and incoterms.
Understanding Importing
Tuesday 20 September, 9.30am-1.00pm
This course covers all the basic key areas around importing and will explain the requirements for documentation, plus an overview of country of origin and incoterms.
Understanding Commodity Codes
Tuesday 27 September, 9.30am-1.00pm
By attending this course we will ensure you are aware of what a commodity code is and what it is used for, understand the process of how to classify goods, successfully classify a range of goods and understand the importance of getting your commodity codes correct.
You can view the full list of all our courses on the Chamber website.
Courses can also be tailored to meet your company’s specific requirements. For more information about a bespoke course for your company, which can be delivered remotely or in person, please contact the Chamber on 01223 237414.
Ukraine update
Updated statutory guidance about the UK government's trade sanctions on Russia can be viewed here. This should be read alongside the latest notice to importers here.
Trade updates
Last week, the British Chambers of Commerce has engaged with both the UK government and the EU Embassy in London about the latest situation on the Northern Ireland Protocol and its effects upon UK-EU trade. The Protocol Bill completed its House of Commons stages last week and has now moved for consideration to the House of Lords.
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