The first year of the European Union-Japan Economic Partnership Agreement significantly increased U.K. meat, dairy, beverage, leather and electrical machinery exports, according to a Jan. 31 press release from the European Commission. The deal removed the “vast majority of the €1 billion in duties” on EU exports to Japan and will eventually eliminate Japanese customs duties on 97 percent of EU imports once the deal is fully implemented, the commission said. Frozen meats of bovine animals saw the biggest growth under the deal (221 percent increase in exports), followed by milk and cream (120.7 percent) and babies’ clothing and accessories (108.3 percent).
The United Kingdom’s withdrawal from the European Union will bring a “new era” for U.K. exporters, which will include new international marketing campaigns, new digital trading tools and more export opportunities, International Trade Secretary Elizabeth Truss said at a Jan. 30 reception hosted by the Department for International Trade.
The United Kingdom’s Department for International Trade released on Jan. 29 a notice to importers about the current range of European Union measures in force on steel. The guidance includes information on EU legislation during and after the Brexit transition period, including EU definitive safeguard measures on steel, EU tariff-rate quota review findings, EU antidumping and anti-subsidy measures in place against steel and aluminum and EU countermeasures against U.S. steel and aluminum tariff increases. The guidance also includes an annex containing product categories that are subject to safeguards.
The United Kingdom’s Department for International Trade on Jan. 30 released a guidance on trading with developing nations during the Brexit transition period. The guidance contains details on the U.K.’s Generalized Scheme of Preferences during and after the transition period.
The European Council issued guidance and background on the United Kingdom’s decision to withdraw from the European Union as the U.K. enters the Brexit transition period Jan. 31, according to a Jan. 30 notice. The guidance includes information on the transition period, copies of the draft agreement on the withdrawal, a revised political declaration on the future relationship between the U.K. and the EU, and further background information on Brexit.
The United Kingdom’s Department for International Trade issued guidance on trade agreements with non-European Union countries in place during and after the Brexit transition period, according to a Jan. 29 notice. The guidance includes information on when the trade agreements take effect, how long they will remain in effect, which agreements are still in negotiations and more. The transition period begins Feb. 1 and will end after this year.
The United Kingdom's Department for International Trade issued a Jan. 29 guidance on bidding for overseas contracts during the Brexit transition period. During the transition, U.K. companies will continue to have access to government procurement agreements “in the same way as if the UK were a Member State of the [European Union],” the notice said. The U.K. said it intends to join the World Trade Organization’s Government Procurement Agreement -- an agreement among 20 WTO members -- as an “independent member” at the end of the transition period.
The United Kingdom’s Department for International Trade clarified that current export licensing arrangements will continue to apply until the end of the Brexit transition period on Dec. 31, the DIT said in a Jan. 29 notice. This includes exports of “strategic items,” military items, firearms, dual-use items and more, the DIT said. The U.K.’s open general export license for dual-use exports to the European Union is not required to export dual-use items to the EU during the transition period, the notice said.
In the Jan. 23-28 editions of the Official Journal of the European Union the following trade-related notices were posted:
The Czech Republic recently issued clarifications and amendments to its value-added tax laws, according to a Jan. 20 KPMG post. Along with issuing guidance on rules for reporting corrections in VAT returns and VAT ledger statements, the country also reduced the VAT rate for the supply of heating and cooling supplies to 10 percent, which took effect Jan. 1. The Czech Republic issued guidance on determining the “date of supply” of the goods and clarified that “hot water supplies” remain subject to a “first reduced VAT rate” of 15 percent.