International Trade News
Links:
- Oxford Summit of Leaders - Monday 15 March 2010 NEW!
- ECO Notice to Exporters - 2010/01
- EUR1s for Exports to Serbia
- HMRC Flexible Accounting System (FAS) - Change of Bank Details
- Commission Statement on GSP+ and Sri Lanka
- Update on Authorised Economic Operator (AEO) Implementation
- Tariff Preference: simplified proofs of origin - HMRC Information Paper (09) 79
- UKTI South East - Events UPDATE - April 2010
- Trading with Iran
- MEREBO Exhibition Calendar
EUR1s for exports to Serbia
Following recent assurances received from Serbia regarding giving preference on Community goods, HMRC have agreed that EUR1 Certificates can now be issued for any consignments being sent to Serbia, provided of course that the goods meet the current rules.
Hence, the position now is that EUR1s can be issued for permanently exported goods destined for the countries listed in Para. 1.4 of Customs Notice 827 (Jan 2007) plus Bosnia-Herzegovina, Montenegro and now Serbia.
For Kosovo, the ACP, the OCT and other GSP beneficiary countries, goods may only be exported to these countries using Donor Country Content regulations (see Notice 827 Para. 9.6) and goods being permanently exported to these countries should not have an EUR1 issued for them.
If in doubt, please refer exporters and agents to the Customs Notice for clarification.
Trading with Iran
At 10.30am, 12th October, HM Treasury made an order (under powers conferred on it under Schedule 7 of the Counter-Terrorism Act 2008) to direct financial and credit institutions in the UK to cease business with Bank Mellat and the Islamic Republic of Iran Shipping Lines (IRISL), including its branches in the EEA. HM Treasury has given this direction on the basis of its belief that activities in Iran that facilitate the development or production of nuclear weapons pose a significant risk to the UK’s national interests. The Order will expire on 11th October 2010, unless revoked earlier.
Details are available on http://www.hm-treasury.gov.uk/fin_crime_policy.htm.
This doesn’t apply to companies which aren’t financial or credit institutions, but the UK financial or credit institutions used by such companies may not deal with Bank Mellat or IRISL. The HM Treasury notices explain what may happen if a transaction is in train and incomplete on 12th October
All recipients of this message must judge for themselves whether the Order applies to them and be aware that this message does not constitute guidance or advice.
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