ONS figures portray a bleak picture for exports
The last date for submitting consular documentation ahead of the Christmas break is next week. Please see our documentation notice below with key dates for you to be aware of. 

The latest ONS trade figures have been released which indicate a gloomy picture. See the reaction from the British Chambers of Commerce below along with a link to the detailed analysis.

You will also find below our training courses for January, details of the Oman-Britain Business Conference and latest trade updates.

If you have any queries, please get in touch with our International Trade team by emailing internationaltrade@cambscci.co.uk or telephone 01223 237414.

Karen Cash
International Trade Team Leader
REMINDER: Documentation processing over the Christmas Break

The Chamber will close at 1.00pm on Friday 23 December and re-open at 9.00am on Tuesday 3 January.

We will process online documents on Friday 30 December from 10.00am-1.00pm. Please ensure you upload all supporting paperwork to enable us to process these applications or email internationaltrade@cambscci.co.uk.

The last date for submitting consular documentation is 11.00am on Friday 16 December. Documents submitted after this time will not be processed until Tuesday 3 January.

Please be aware that postal strikes on Friday 23 December will impact our ability to return any documentation to you after Thursday 22 December.

Customs Declarations and Transit Declarations

If you are expecting a shipment between Saturday 24 December and Monday 2 January please give us prior notification so that we can arrange for these declarations to be processed during our Christmas closure. No declarations will be processed on 24-26 December.
Murky picture for UK trade as goods exports fall again

Reacting to the ONS Trade figures for October, William Bain, Head of Trade Policy at the British Chambers of Commerce, said: “There was a cloudy trade picture in October as goods exports fell again - well short of forecast 2022 growth.

“The ONS Trade data shows a 4.7 per cent fall in the value of goods exports, although services held up better. Overall, though, export performance continued to undershoot the OBR’s eight per cent forecast growth for this year.

“After removing inflationary effects, imports rose, particularly from the EU. As fuel market volatility continued, gas and other fuel imports from the rest of the world were down in October.

“But with data for 10 of the 12 months of 2022 now in, it’s clear that the scale of growth in exports predicted last October is not happening.

“Nevertheless, over the three months until the end of this October, exports in both goods and services held up. Energy market fluctuations had an impact on trade data over this period.

“With tougher economic conditions most likely ahead, next year will need a step change in efforts by business and government to develop the Export Strategy to sustain trade volumes.”

Detailed analysis of data can be viewed here.
Wednesday 11 January, 9.30am-1.00pm

Details here.
Thursday 12 January, 9.30am-1.00pm

Details here.
Wednesday 26 January, 9.30am-1.00pm

Details here.
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.
Oman-Britain Business Conference
Thursday 19 January, 11.30am-6.00pm

This highly exclusive event enables direct access to key decision makers and investors from Oman. It offers the opportunity to establish desirable business partnerships in Oman and help build a sustainable and diversified national economy, as demonstrated in the Oman 2040 strategic vision.

View the conference flyer here. 
As announced in the recent Autumn Statement, due to supply chain pressures from the War in Ukraine, the UK government is implementing further duty suspensions - it has announced a tariff suspension on sunflower seed oil from 1 January 2023 until 31 December 2024. For further details on the latest duty suspensions contact DIT here. 

The UK and Switzerland have reached a mutual recognition agreement on conformity assessment in five goods areas where there is an independent Swiss marking system (including measuring instruments and radio equipment). In other areas Switzerland uses the CE-marking system. Negotiations for an upgraded UK trade agreement with Switzerland will get underway next year.

The latest guidance on the prohibitions on supply of professional services to/from Russia and Belarus can be read here. 

DIT has signed the latest of its state level agreements in the US on aspects of trade and investment policy - this time with South Carolina, which is a hub for automotive and life sciences sectors. Co-operation on key areas is improved by the agreement.
Contact the Chamber

01223 237414 •  chamber@cambscci.co.uk
Cambridgeshire Chamber of Commerce
Clifford House, 2 Station Yard, Oakington, Cambridge, CB24 3AH