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News for the International Trade industry

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Since our last edition in December, there has been a number of changes which have impacted the industry, which has created a huge amount of uncertainty and extremely difficult trading conditions for UK importers and exporters.

Our latest edition of Global Trade includes insights from our International Trade team, designed to update you on the key developments in the sector.

We have also included articles kindly provided by David Priestly, from UK Export Finance, Vijay Thacker and Shitij Bahl from Crowe India and Jaspaul Bains at RationalFX.

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Cranes on port

How COVID-19 has had an impact on international trade, transport and infrastructure

The impact of COVID-19 on the industry is clear, with supply chains disrupted and movement of goods and people disrupted. Global trade and transport and infrastructure are in dire need of finding new ways to alleviate the impact.

global city view

How UKEF is Supporting UK Exports through the coronavirus Pandemic

David Priestley from UK Export Finance, looks what products UKEF has that are supporting exporters mitigate the economic impact of coronavirus.

India view

Setting up in India

India is often known as being a difficult place to do business however, provided adequate effort has been made initially to set up the entity that does not need to be the case. India is an attractive location for businesses across a number of different sectors manufacturing, product sales, technology, financial services, healthcare, hospitality to name a few. What should you be considering when planning to set up business in India?

London gherkin view

Setting up in UK

Research has shown that there are over 800 Indian businesses set up in the UK within the last year. The UK is one of the top 10 economies in the World, thriving across various sectors and has a good, long standing relationship with India. What should you be considering when planning to set up business in the UK?

Cranes in a sea port

The Next Phase of Brexit—VAT and Customs Duty Developments

The UK is now in a transition period while negotiations take place to decide its future trade relationship with the EU. We take a look at what changes may be expected to the value-added tax regime and to customs duty rules, both in the transition period and beyond.

port view in a sunset

Planning for business as (un)usual 

Many businesses will be familiar with the ‘Now, Where, How’ or possibly the ‘Stop, Start Continue’ strategic planning models. In these unusual times, while addressing the ‘Now’ and planning the ‘Where’, organisations must also take that bit more time reconsidering the lasting shifts in ‘How’ that could be the legacy of COVID-19.

container ship

Trading internationally in the shadow of COVID-19

The introduction of a two week quarantine for people entering (or re-entering) the UK as a result of the UK lockdown and the global pandemic has caused considerable concern for international traders.

containers view from above

Free Trade Zones: a potential opportunity for the UK?

In February 2020, the UK government issued a consultation on reintroducing freeports as part of its post Brexit international trade strategy. An area of potential opportunity if the UK left the Single Market and Customs Union would be to reinstate Free Trade Zones in the UK. The government has begun a period of consultation to assess the merits and feasibility of such a move.

trucks on road

International tax presence

The global workplace and the global market are increasingly a reality for UK businesses. Where a business’s commercial or sales team leads the international expansion, finance teams must follow – often with a mop and bucket; making sense of and cleaning up the global tax compliance requirements. We explore some of the principles around creating an international tax presence and common problems on which we frequently advise.

warehouse view

Smart decision making – an art or a science?

What causes companies around the world to make one decision over another? Can a business learn or be inspired by the decision-making of another, even if it’s thousands of miles away?

hand on calculator

International payments and the global pandemic

As the COVID-19 pandemic forces more restrictions upon our daily lives, society’s priority is to help each other stay safe. But what about the economic impact of this unprecedented global health crisis?

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I hope you enjoy and are inspired by this edition. If any of the topics resonate with you, or if you have any comments, feedback or queries, please feel free to contact any of our specialist International Trade team.

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Contact us

Our international trade team works with a wide range of specialist advisors and companies. We continue to produce regular insights and guidance as well as running seminars and courses to support those involved in international trade. We take pride in building long-term relationships. Get in touch with us today.
Darren Rigden
Darren Rigden
Partner, Audit and Business Solutions