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Trade with the UK as a business based in the EU
If you run an EU-based business, check what your business needs to know to continue trading with the UK.
Safety and security requirements on imports and exports
Find out about new safety and security declarations that will apply from 1 October 2021 on goods leaving Great Britain (England, Scotland and Wales).
How to open a company in the USA while maintaining residence in Italy
It is one of the best ways for the Italian citizen to manage their business. This corporate vehicle allows access to multiple advantages of an advanced jurisdiction such as the US and also manages to maintain a low tax rate with very manageable levels of accounting and bureaucracy.
UK-ASEAN Joint declaration
Joint Ministerial Declaration on Future Economic Cooperation between the Association of Southeast Asian Nations (ASEAN) and the United Kingdom of Great Britain and Northern Ireland (UK).
DUBAI EXPO STARTS NEXT MONTH - AND IT'S NOT TOO LATE TO JOIN!
These are exciting times for Dubai and the UAE. With the entire business world’s attention soon to turn to the Emirates with the delayed Expo 2020 kicking off in October (and continuing all the way through to the end of March next year) it’s never been a better time to be a UAE business owner
Reducing barriers to international free trade
International trade agreements Trade agreements open up new opportunities for the UK’s exporters. They can also ensure access to competitively priced imports from other countries.
Negotiating Trade Agreements
The UK has a shared import/export policy with other European Union (EU) countries. This means EU countries work together to negotiate trade agreements with non-EU countries.
This arrangement is part of the Common Commercial Policy – an agreement where the EU represents all its member states in trade negotiations with non-EU countries.
Types of Trade Agreement
There are two main types of international trade agreement:
- multilateral agreements are negotiated between the 157 members of the World Trade Organisation (WTO) - any trade concession applies to all members but with special considerations for poor countries
- bilateral agreements are negotiated between the EU and other individual countries or trading blocs - they include the Free Trade Agreements (FTAs) the EU is negotiating with India, Singapore and Canada
Trade and development
There are several types of trade agreement specially suited for poorer countries. They include:
- Economic Partnership Agreements (EPAs): these provide immediate duty and quota free access to EU markets for countries in Africa, the Caribbean and the Pacific (ACP)
- Generalised System of Preferences (GSP): this grants trade preferences and reductions in tariffs to 176 developing countries and territories
- GSP+ scheme: this grants extra concessions to countries that adopt 27 international conventions on human rights, labour rights and the environment
- Everything but Arms (EBA): this is for the poorest countries in the world - it grants them duty and quota free access to EU markets without asking for concessions in return