Also in the news...
Sanctions List
Find out which people, entities and ships are designated or specified under regulations made under the Sanctions and Anti-Money Laundering Act 2018, and why.
COVID-19 business grant funding schemes: guidance for local authorities
Guidance for local authorities on paying grants to support businesses during national lockdown periods and periods of local restrictions.
Short shipments at temporary storage locations
How to declare goods that are short shipped on import at temporary storage locations.
UK secures £7.5 billion Japanese investment in key growth sectors
The government has unlocked £7.5 billion of investment into key growth sectors as the Minister for Investment signed a new deal with the Sumitomo Corporation in Tokyo.
Transfer of residence to the UK
Find out how to import your personal belongings, pets and private motor vehicles when moving or returning to the UK.
Exporting to Venezuela
A guide for British businesses who are interested in developing their overseas trade and doing business in Venezuela.
Overview
Venezuela is the fifth largest country in Latin America by size and economy. It has a population of almost 30 million people.
Venezuela imports 40% of its needs, making it an attractive market for UK companies.
Several major UK companies do business in Venezuela including Shell, Diageo, BT, GSK, Astra Zeneca and British American Tobacco.
Benefits for British businesses exporting to Venezuela include:
- low import tariffs
- high potential returns due to high margins
- UK has a reputation for high quality goods in Venezuela
- member of the World Trade Organization (WTO) and MERCOSUR