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As US' Trade Policy continues to shift into a protectionism mode, this page will regularly be updated to reflect key announcements made throughout the year. January & February 2025 Summary We have been reporting on regular basis the announcements made by the Trump administration regarding new tariffs, and this is a summary of those introduced in February... 1. Tariffs on Canada and Mexico On February 1, 2025, President Trump signed executive orders imposing a 25% tariff  on all imports from Canada and Mexico, with a 10% tariff  specifically on Canadian energy resources, including oil, natural gas, and electricity. These tariffs were set to take effect on February 4, 2025. However, on February 3, after Canada and Mexico made their position clear, the Trump administration announced a 30-day suspension  of these tariffs as Canada and Mexico agreed to enhance efforts to curb illegal immigration and drug trafficking into the United States. The suspension expires on the 4th March and tariff will be imposed unless significant progress is demonstrated. 2. Tariffs on China The same executive orders from February 1 imposed a 10% tariff  on all imports from China, effective February 4, 2025. This action aimed to address ongoing trade imbalances and concerns over China's trade practices. 3. Restoration of Section 232 Tariffs On February 11, 2025, President Trump signed proclamations to restore a 25% tariff  on steel and elevate the tariff on aluminium to 25% , closing existing loopholes and exemptions. This move intends to protect America's critical steel and aluminium industries from unfair trade practices and global excess capacity. What is coming next? 25% Tariffs on imported automobiles are set to be also implemented although exact dates are yet to be announced. Early in January, President Trump announced plans to introduced tariffs as well on imports of computer chips, semiconductors and pharmaceuticals, which are seen as critical to national security and technological leadership, and aimed to encourage big manufacturers to bring production to the US. Last week (19th Feb), it was also announced fresh new tariffs to be applied next month or sooner on lumber and forest products , and initial thoughts are these may be about 25%. Whilst the UK has not been targeted by the initial tariffs, the Prime Minister Keir Starmer is due to visit the white house to engage in discussions to preserve the strong trade ties between the two nations. On the other hand, the EU has opposed to the US Tariffs and has warned of potential retaliatory measure. EU's position argues how these tariffs can escalate to a trade war which will impact negatively global markets. Many experts warns these tariffs will end up impacting primarily the poorest and consumers both in the US and across the world. End of Feb and March 2025 According to Tradlinx.com , the U.S. Customs and Border Protection (CBP) issued a notice on the first week of March confirming critical details regarding tariffs exemptions, processing changes and trade policy modifications. Some of the key takeaways from this notice include: On 21st Feb , Trump signed a Memorandum targeting countries with the Digital Service Tax, including France, Austria, Italy, Spain, Turkey and the United Kingdom . This Memorandum calls for a review of these taxes and potential retaliatory measures such as Tariffs, to protect American companies from what Trump's Administration considers unfair and discriminatory practices. Selected Canadian Energy products will be subject to 10% tariffs instead of 25% A general 25% tariff is to be applied to all other Canadian Imports unless they qualified for an exemption De Minimis Exemption Still applies for now for shipments valued under $800 from Canada and Mexico , although this is expected to phase out once necessary enforcement systems are in place. (This is still in place as of 21st March 2025). Businesses will no longer be able to duty drawbacks for tariffs paid on affected goods Foreign Trade Zones (FTZ) Rules Changes for when Mexican and Chinese goods admitted to US FTZs and must now be classified as 'privileged foreign status) meaning tariffs will apply even if goods are further processed within the FTZ. Enforcement of Tariffs despite delay in Notice - CBP begun enforcing tariffs prior to the Notice Schedule for the 6th March. Other Critical Announcements 12th March - US announced 25% tariffs for all steel and aluminium expands to the rest of the world, directly impacting UK products worth hundreds of millions of pounds. According to Sky News, while two rounds of tariffs on China have been enacted, 25% duties on some Canadian and most Mexican cross-border trade have been withdrawn until 2 April at the earliest. Sky News also reported that the business secretary Jonathan Reynolds said on Wednesday morning that while he was disappointed, there would be no immediate retaliation by the UK government as negotiations continue over a wider trade deal with the US. However, the EU has reiterated they will impose counter-measures which intend to impact €26bn worth of US products starting on 1st April 2025. The duties will cover not just steel and aluminium products, but also textiles, home appliances and agricultural goods. Trump's tariff will impact inflation in the EU and likely the UK. 12th March - Expansion of tariffs for steel and aluminium derivatives products: The US Secretary of Commerce will establish by12 May 2025 a system whereby the US will continue to extend the list of steel and aluminium derivatives products subject to additional duties of up to 25%. 12th March - Canada is expected to announce further retaliatory tariffs 12th March which are expected to impact USD$29.8bn worth of US goods will come into force on 13th March. Canada is the largest supplier of steel and aluminium to the USA, announced they are applying 25% reciprocal tariffs on steel and aluminium products as well as additional goods such as tools, computers, servers, display monitors, sports equipment and cast-iron products taking effect on the 13th March 2025. Check the full list of impacted goods here 12th March - EU's Countermeasures to US Steel and Aluminium tariffs: The EU has issued a notice confirming the EU is imposing counter tariffs to what is estimated €26bn worth of US Imported goods from 1st April 2025. The countermeasures will be introduced in two stages, first by the imposition of the suspended 2018 and 2020 EU rebalancing measures, followed by the imposition additional measures package by mid April. The EU has issued a detailed explainer on their countermeasures which can be viewed here and has also called for stakeholders' views . EU and Canada in response to the steel and aluminium imports , have also announced potential tariffs applying to American Whiskey imports as high as 50%. Trump's reaction to EU's countermeasures: As expected President Trump took on social media to respond to EU's countermeasures with additional levies saying the White house will impose reciprocal tariffs in whatever the US is being charged with from 2nd April, and these will be reflected on tariffs and non-tariffs measures imposed on the US. For Canada, this reciprocal measure may likely include dairy products and lumber, whilst for the EU, Trump announced as high as 200% import tariffs on wines. 13th March - Global Freight Rates plunged due to global market uncertainty: The Global trade newsletter announced in its latest edition (13th Mar) that "freight rates across major lanes have plummeted due to shifting trade policies, geopolitical tensions, and carrier adjustments. Analysts warn a continued volatility as supply chain disruptions persist". They also indicated that recent data shows significant declines, specially on the trans-Pacific routes, where rates have dropped by 40% yoy, trend that has been driven by a combination of reduced demand after Lunar New Year, carrier alliance reshuffles, and the ongoing crisis in the Red Sea, which has forced vessels take longer and costlier routes. 20th March - EU postpones tariff response as awaits for 2nd wave of US duty increases: The EU Commissioner for Trade and Economic Security announced the first set of EU's tariffs response to Trump's steel and aluminium duties being delay from 1st to the 13th April. This move effectively merges the two-phase retaliation into one single measure. 25th March - Tariffs on Venezuelan Energy:  The U.S. imposed a 25% tariff on imports from any country purchasing oil or gas from Venezuela, effective April 2. This move aims to pressure nations engaging with Venezuela's energy sector 26th March - President Donald Trump announced a 25% tariff on all imported cars and certain automotive parts, effective April 3. The tariffs target passenger vehicles, including sedans, SUVs, crossovers, minivans, and light trucks, as well as key components such as engines, transmissions, powertrain parts, and electrical components. These tariffs aims to bolster domestic manufacturing and are projected to generate approximately $100million in tax revenue. These announcement had led to significant declines in the stock prices of major automakers including General Motors, Ford, Stellantis, Toyota, BMW, and Volkswagen. Canada Prime Minister condemned the tariffs and hinted at potential retaliatory measures. The EU did not welcome the news either but expressed intention to seek negotiated solutions. This latest measure is likely to lead to increased prices for vehicles impacting consumers and disrupting global supply chains. Further information: White House Notice re: Digital Service Tax U.S. Tariffs on China – Executive Order 14195 U.S. Tariffs on Mexico – Executive Order 14194 U.S. Tariffs on Canada – Executive Order 14193 BBC's Trump's tariff trade war: A brief timeline Bloomberg - Tariff Tracking and impact on global trade Domestic and Global Implications These aggressive trade measures have raised concerns about a potential global trade conflict. Industries such as fashion are grappling with the uncertainty of fluctuating tariffs and trade barriers, prompting companies to reassess supply chains and production strategies. The heightened costs may inadvertently boost counterfeit markets as consumers seek cheaper alternatives. Domestically, businesses express apprehension over the uncertainty caused by the tariffs and the prospect of higher prices, leading to significant sell-offs on Wall Street. Major indices have experienced substantial losses, reflecting investor anxiety over the escalating trade tensions. In summary, since late February 2025, President Trump's tariff policies have strained relations with key trading partners, introduced volatility in global markets, and posed challenges for industries reliant on international trade. Sources: White House, Reuters, AP News, CBP, Tradlinx, DOJO Consulting Group, BCC, Sky News, ABC News, Sam Lowe from Most Favoured Nation, Government of Canada, MSN, CT Insider, Global Trade Newsletter, The Guardian, The Wall Street Journal, El Pais, Bloomberg HOW TO MITIGATE RISKS AND RIDE GLOBAL TRADE LANDSCAPE UNCERTAINTY It is critical for UK businesses to monitor ongoing policy and regulatory framework changes in order to understand their impact, but most importantly plan ahead. Here are some top tips: Make sure your decision making is data-driven by analysing historical data to assess risks and plan accordingly. Assess your global supply chains and consider diversification to minimize dependency on tariff-impacted regions. Equally, it is important to review supply chain risks for FTZ users and manufacturers working with Mexico. Consider duty mitigation programmes using duty draw backs which can go up to 5 yrs, although also plan ahead as these will eventually phase out. Improving Supply Chain Visibility: Assess how technology can help you gain real-time insights to get ahead and manage potential disruptions. Need help? Get in touch with our team emailing us at international@gmchamber.co.uk

With the EU’s Green Deal regulations  and the UK’s evolving sustainability laws, compliance has become more complex for businesses trading across borders and more so for SMEs. To help UK traders navigate these challenges, we are launching new set of Sustainability Compliance Services  tailored to support adherence to key regulatory frameworks. Our expert in-house team works closely with a network of expert associates to offer you from bespoke hourly support to full compliance and tailored training & consultancy packages designed to help you navigate the complexities of this ever changing regulatory landscape. The below offer a list of what we can help you, although this is not exclusive: EU’s Carbon Border Adjustment Mechanism (CBAM)  – Ensuring proper carbon reporting for goods entering the EU. EU's General Product Safety Regulation (EU's GPSR) - Ensures all products sold into the EU and Northern Ireland are safe for EU users EU's Deforestation Regulation (EU DR)  – Helping businesses verify and document deforestation-free supply chains. EU's Greenwashing Regulations  – Assisting in substantiating environmental claims to avoid misleading marketing penalties. EU’s Eco-design for Sustainable Products Regulation  – Providing guidance on product sustainability standards and digital product passports. EU's Corporate Sustainability Reporting (CSRD) - F ormally adopted by the European Council on 28 November 2022 – is transforming ESG reporting. Requires mandatory sustainability reporting, including non-EU companies which have subsidiaries operating within the EU or are listed on EU regulated markets. UK’s Extended Producer Responsibility (EPR)  – Supporting businesses in meeting new waste management and recycling obligations. UK's CBAM: Whilst this regulation does not come into effect until 2027, UK traders must note this won't have a transition period, and thus preparing now is critical for business operating within the sectors scope of this regulation. Other Emerging UK & EU Compliance Requirements  – Offering up-to-date advisory services to keep traders ahead of regulatory changes. How Our Compliance Services Help UK Traders Regulatory Audits & Risk Assessments  – Identifying potential compliance gaps and providing actionable solutions. Understanding Data Management  – Helping you understand what UK Traders need to document and report for CBAM, EPR, and just general sustainability reporting. Supply Chain Due Diligence Support  – Ensuring traceability and ethical sourcing in line with EU & UK requirements. Eco-Labeling & Marketing Compliance  – Helping businesses avoid greenwashing claims and secure eco-certifications. Ongoing Compliance Monitoring  – Providing real-time updates and proactive regulatory guidance. Future-Proof Your Business By leveraging our Compliance Services , UK traders can mitigate risks, enhance market access, and align with the latest sustainability standards. Stay ahead of regulatory shifts and ensure seamless trade with the EU and UK markets. For more information on how we can help, contact us today.

North Rhine-Westphalia (NRW) is pulsating – geographically, culturally, economically – and can offer your company the best opportunities for success with a new business location in the European market. The federal state is Germany's economic engine and an international hub in the centre of Europe – in short, Europe's heartbeat. It owes this status to its high population density and its exceptional economic performance – NRW has the highest gross domestic product of all German states and accounts for one-fifth of Germany's total GDP. NRW offers everything you need: talent, sales and procurement markets, cutting-edge research, networks, infrastructure – and a great place for you and your teams to live. It is people that shape the markets: 46 million people live within 200 kilometres of the state capital of NRW, Düsseldorf – more than in any other European region. For your company, this is the most attractive sales, work and innovation area you could wish for. 9.8 million people employed in the state are curious about your company. That's more than in the Netherlands and twice as many as in Belgium. Working towards a sustainable future Germany's strongest economic powerhouse is heading towards climate neutrality. In NRW, you will become part of the first carbon-neutral industrial region in Europe by 2045. Take advantage of the change and drive forward renewable energies, smart manufacturing, and e-mobility. Major goals like these cannot be achieved without highly qualified people: select your teams from around 710,000 students in NRW and more than 111,000 graduates each year. The scientific landscape is also the hotbed for numerous innovations. Europe's densest research network operates in the immediate vicinity of your NRW presence: some 70 universities, 14 clusters of excellence, 60 technology and incubator centres, and 50 non-university research institutions are ready and willing to work with you to develop the products and processes of tomorrow. Institutions such as Jülich Forschungszentrum, the German Aerospace Center (DLR), and numerous Max Planck and Fraunhofer Institutes are waiting to meet your needs for climate protection, traffic flow, or cybersecurity on an entirely new level. In addition, NRW is one of the top locations for startups throughout Europe. Around 20 percent of all German startups are located here. Their innovative business models are driving the transformation of the economy, for example with solutions for the energy revolution and the transition to climate-neutral industry. Benefiting from a vibrant startup ecosystem with digital hubs, numerous accelerator programs, matchmaking, and communities. UK and NRW: a vibrant partnership The UK and NRW have a very special relationship: it was the British government that created the state of North Rhine-Westphalia from two Prussian provinces under the name "Operation Marriage" in 1946. Since then, a friendship und deep economic relations have developed, which have proven to be solid even after Brexit. With a trading volume of 18.9 billion euros in 2023, the UK is a very close economic partner for NRW. This also holds true for British companies in Germany. More than 1,600 companies from the UK are based here securing about 200,000 jobs – including BP, DRPG Group, Dyson, Farrat Isolevel, GKN, INEOS, JCB, Lush, Rentokil Initial, and Vodafone. NRW.Global Business accompanies your settlement process The step into a foreign market must be well prepared – ideally with experienced partners. NRW.Global Business, the state-owned trade and investment agency, is by your side when it comes to investment projects and setting up operation in NRW. Our experts accompany from the first step to a successful settlement and beyond – ensuring a good start in NRW. Get in touch with our office in London for individual services, e.g. with information on markets or locations as well as practical support for concrete settlements and expansions. Author: David Schneider, Representative, NRW.Global Business United Kingdom / London Trade & Investment Agency of the German State of North Rhine-Westphalia (NRW) d.schneider@nrwglobalbusiness.uk – www.nrwglobalbusiness.com Interested in learning more how NWR can be your getaway to grow your business in Germany and beyond? NWR. Global Business has partnered up with the Greater Manchester Chamber of Commerce to host a market event next 21st May in Manchester. Hear from market experts and companies who have successfully scale up in the region. Book your free slot on the link below:

All things “Nordic” have become globally popular, whether it is minimalistic design, simple comfort, or down-to-earth lifestyle. However, the Nordic countries Sweden, Finland, Denmark, Norway, and Iceland also deserve more attention from the business world. While Nordic countries may look small by population, they are home to a large number of multi-billion euro businesses in various industries. Precisely due to their small local population bases, Nordic companies have always needed to be export-oriented in order to grow. Indeed, a large number of them have succeeded with this, not only the household name ones. This is important for any company, which is producing manufacturing technology, advanced components, or materials. A small population base also means that Nordic companies have few domestic suppliers to choose from and are thus very open to international sourcing. Starting from the most obvious, the Swedish IKEA is the leading furniture and home goods brand in the whole world. T he Finland-headquartered Nokia and Swedish Ericsson are still major actors in the communications equipment industry. In pharmaceuticals, Sweden-headquartered Astra Zeneca and Danish Novo Nordisk belong to some of the largest and most innovative companies in the world. Those who work in any hospital are probably using some equipment made by the Swedish Getinge. Denmark, as a major international food producer , has also a large number of food machinery manufacturers, which are global leaders in their niches. Norway, thanks to its hydrocarbons riches, has a strong oil and offshore machinery and equipment industry. Sweden has a large automotive industry, with Volvo and Scania being the most famous brands. SAAB no longer makes cars, but remains a globally significant defence system supplier. In the same industry, BAE has also major operations in the country. Sweden and Finland are also major bases for the global engineering giant ABB. Thus, selling production technology, components, and materials to Nordic companies means that one is selling to the whole world. Author: Kari Mäkeläinen, Senior Consultant, Columdae Interested in a free 1-2-1 Exploratory session with Kari? Book on the link below a slot. This is free for members and non-members!

Air travel is Canada's most important form of public transport, due to the country's vast distances. However, the country's commercial aviation sector has a duopolistic structure, with Air Canada and WestJet dominating the market, resulting in relatively high fares, compared to those in the US. While there are low cost carriers too, they find it difficult to compete with price, to a great part due to high service fees charged by Canadian airports. Consequently, several Canadian low cost airline companies have gone bankrupt in recent years, thus further strengthening the position and pricing power of Air Canada and WestJet. This has resulted in widespread consumer resentment. Furthermore, high transport costs are an impediment to economic growth and dynamism in the country. The main way to address this issue would be to reduce airport fees in Canada. Canadian airport operators are all public sector bodies, and their fees are thus subject to political decision-making. However, any reduction in fees must be also matched with cost reductions. In turn, this creates a pressure on airport operators to increase cost efficiency. One area where there is much space for improvement, in terms of quality as well, is baggage handling service. Major Canadian air hubs have a somewhat poor reputation for this. Robotized luggage handling systems, for instance, would both reduce costs and improve service reliability. The focus airports for selling these new cost saving and quality improving systems would be Canada's main air hubs Toronto, Montreal, and Vancouver, with significant opportunities with the main provincial ones at Edmonton, Calgary, and Winnipeg as well. These provincial airports are in fact expecting the greatest traffic growth potential in the near future, as those provinces are currently the most attractive for immigration and are not very well served by direct international flights. Author: Kari Mäkeläinen, Senior Consultant, Columdae, GMCC Approved Suppliers Interested in exploring this opportunity? Book a 1-2-1 complimentary session with Kari on this link!.

Colombia and Mexico are emerging as key players in Latin America’s digital economy, with significant advancements in fintech and e-commerce creating new opportunities for international businesses. Emerging Opportunities in Fintech and E-commerce Both countries are experiencing remarkable growth in fintech adoption Colombia ranks third in Latin America for the number of fintech companies, with over 320 active startups as of 2024. The government’s commitment to financial inclusion has boosted digital payment platforms and neobanks. (Source: Finnovista) Mexico is Latin America’s second-largest fintech hub, with over 650 fintech companies. The 2018 Fintech Law continues to attract investors, promoting innovation in digital lending, payments, and blockchain solutions. (Source: Statista) E-commerce in both markets has also surged: Mexico’s e-commerce market reached $38 billion in 2023 and is projected to grow 12% annually until 2025. (Source: eMarketer) Colombia’s e-commerce revenue surpassed $12 billion in 2023, driven by increased internet access and smartphone usage. (Source: Cámara Colombiana de Comercio Electrónico) Expanding Trade Networks Both countries are enhancing their trade networks to strengthen global ties: Mexico, through the USMCA and trade agreements with Europe and Asia, has diversified its export destinations beyond the United States. (Source: World Bank) Colombia is focusing on trade diversification via the Pacific Alliance and new bilateral agreements, aiming to boost exports in digital services and non-traditional sectors. (Source: ProColombia) Key Events and Trade Shows in 2025 Businesses exploring opportunities in Colombia and Mexico can benefit from attending these major events in 2025: eShow Mexico (March 2025) – Focused on e-commerce and digital marketing solutions. (Source: eShow Mexico) Colombia 4.0 (September 2025) – Latin America's largest digital industries event covering fintech, animation, and tech innovation. (Source: Colombia 4.0) FINNOSUMMIT Mexico (October 2025) – Premier fintech conference in Latin America, fostering connections between startups and investors. (Source: Finnosummit) Ready to explore business opportunities in Colombia or Mexico? Contact our International Trade team at international@gmchamber.co.uk to get a free 30-minutes call with our partner in South America, or book a slot on the below link.

How This Popular Trade Regime Is Setting You Up for Disaster In the ever-shifting world of international trade, navigating customs procedures can often feel like you are trying to outwit a bureaucratic maze that has no end. Many have found shipping into Europe exactly that. There's one particular shortcut that has caught the eye of many UK businesses looking to sidestep these hurdles when shipping into Europe: Customs Procedure 42 (CPC 42) or the commonly referred to Regime 42. Originally designed to streamline the importation process and help companies free up cash flow, Regime 42 offers businesses a way to import goods into the European Union (EU) without paying import VAT. Sounds like a sweet deal, right? The catch, however, is that the more you know about this regime, the more you realise it’s not all smooth sailing. Why Does Regime 42 Exist? Regime 42 was introduced in the early 2000’s original as a stimulus to incentivise foreign businesses to begin selling their goods in the EU. It was also part of a larger framework to simplify VAT accounting for businesses importing goods. For the uninitiated, VAT is a hefty upfront cost when importing goods—especially for UK exporters who never accounted for this pre-Brexit. The Trade Shortcut That Took Off Since the onset of Brexit, it didn’t take long for UK businesses to see the appeal of Regime 42. With France being the gateway for many UK exports to the EU, it’s no wonder that Regime 42 and France became a go-to mechanism for many. The proximity of key ports like Calais and Le Havre, combined with frequent UK-EU transport routes, made it an attractive proposition for companies trying to avoid tying up cash flow in VAT. The idea was simple: Import goods into France, immediately transport them to another EU state (Germany, for example), and instead of paying import VAT upfront, you defer it to the country where the goods will be consumed. Cash flow? No problem. But the reality is much more complicated. But here’s the catch—the reality behind the convenience is a little messier than it first appears. The Pitfalls: Why Regime 42 Might Not Be the Answer 1. A Red Tape Jungle French customs authorities are no strangers to scrutiny, and since Brexit, they have ramped up inspections and audits on shipments using Regime 42. The risk of retroactive VAT charges and hefty fines for improper declarations is real. If you cannot prove that the goods are leaving France and heading to their final destination within the EU, the French tax office could very well demand VAT payments—potentially crippling your cash flow and even jeopardising your business. 2. Compliance Risks as Importer of Record (IOR) Under Regime 42, shipments must still be cleared with the UK-registered business set up as the Importer of Record (IOR). The issue arises when a third party’s EU VAT number is used for VAT postponement, as the IOR is meant to be linked to the local EU VAT number. Tax authorities hold the IOR responsible for VAT payments. If there are compliance issues, improper documentation, or incorrect customs declarations, the tax office will come knocking—on the UK-based IOR’s door—demanding a VAT payment. This could cause serious financial strain due to an improperly structured EU setup. 3. The VAT Number Problem Using Regime 42 requires a valid VAT number from the final destination country. But here’s the kicker: if you do not get the VAT number right, or if there is any discrepancy in the documentation (such as missing transport proof or an incorrect VAT declaration), the customs declaration could be rejected. In that case, you could end up paying VAT upfront in France anyway—a financial nightmare waiting to happen. 4. Extra Representation Costs If your business is not VAT-registered in France, you will need a representative—an agent who handles VAT compliance on your behalf. This may sound straightforward, but not every agent is willing to handle Regime 42, especially for non-EU businesses. The ones who do often charge hefty fees or require financial guarantees upfront. Not only does this add complexity, but it also increases costs, making the entire process less attractive. 5. Double VAT Risk Here’s where things get really complicated. If the declaration process is not executed perfectly, you could end up paying VAT twice: once in France and again in the final destination country. That’s right—double VAT. A costly mistake that most businesses do not anticipate and one that can quickly erode profit margins. Light At The End of The Tunnel: What Alternatives Are Out There 1. Import Through Your Own VAT-Registered Entity in the EU Instead of relying on Regime 42, UK businesses can register for VAT in an EU country (e.g., France or the Netherlands) and import goods under their own VAT number while remaining the Importer of record. This ensures complete compliance and allows businesses largely mitigating the risk of unexpected VAT liabilities. 2. Use a VAT Deferment Scheme Several EU countries, including France, Belgium, and the Netherlands, offer Postponed VAT Accounting equivalents, allowing importers to defer import VAT payment and account for it on their VAT return instead of paying it. 3. No foreign entity or presence is needed The large kicker – The UK registered business will not have to have an EU entity or physical presence in Europe and this can all be run with a foreign setup, all linked to their UK registered business, while remaining fully within the UK. The Bottom Line: A Smarter, Safer Approach to EU Imports While Regime 42 might seem like an attractive shortcut, the compliance risks, administrative headaches, and potential double VAT liabilities make it a dangerous gamble. Instead, UK exporters should consider more stable alternatives such as VAT registration in the EU as well as fiscal representation in VAT-friendly EU countries like the Netherlands. By choosing a compliant route, businesses can avoid financial surprises and ensure smooth trade operations across the EU. If you’re looking for more stable, less risky options, let’s chat. Because, in the world of trade, it’s always better to play it safe than gamble with your bottom line. Author: GMCC Approved Supplier VAT IT/STREAM Interested in booking a 121 with our Approved suppliers? Simply book a complimentary 1-2-1 with our VAT expert on hte link below!

The European Union (EU) is introducing the Digital Product Passport (DPP)  as part of its Circular Economy Action Plan  and Ecodesign for Sustainable Products Regulation . This initiative aims to enhance product transparency, traceability, and sustainability by requiring detailed digital records for goods sold in the EU. For UK traders, this presents both challenges and opportunities when accessing the EU market. So, what is the Digital Product Passport? The DPP  is a standardized digital record containing essential data about a product’s origin, composition, environmental footprint, and recyclability. The passport is expected to apply to various industries, including electronics, textiles, batteries, and construction materials, with the goal of improving supply chain efficiency , reducing waste, and combating greenwashing . How Will It Affect UK Traders? Compliance Requirements  – UK businesses exporting to the EU must ensure their products meet the DPP criteria . This means adopting new data-sharing systems and aligning with EU sustainability regulations. Increased Costs and Administrative Burden  – Implementing DPP-compatible tracking systems and updating supply chain processes may require investments in digital infrastructure and compliance expertise . Market Access and Competitiveness  – Companies that comply with DPP standards will enjoy smoother access to the EU market. Non-compliant businesses may face barriers, including potential trade restrictions or fines . Opportunities for Innovation  – The push for transparency and sustainability can drive UK businesses to adopt greener practices , develop eco-friendly products , and enhance brand reputation  among environmentally conscious consumers. What Should UK Traders Do? Monitor EU Regulations  to stay updated on specific DPP requirements for their sector. Invest in digital systems  to track product data efficiently. Collaborate with suppliers  to ensure end-to-end compliance. Adopt circular economy principles  to future-proof their businesses. Although the Digital Product Passport  presents compliance challenges, it also offers UK businesses the chance to align with evolving sustainability trends and strengthen their foothold in the EU market. Sources: EU's Ecodesign for Sustainable Products regulation Need further support? The Chamber and its network of expert associates are at hand to provide bespoke advice, consultancy and training packages to your business. We can deliver in-house or remote, and we tailor it to meet your needs. Keeping traders up to date with regulatory landscape and helping them with compliance is what we do. So book a 121 complimentary session with one of our advisers today here

As the EU continues to enforce its wide range of EU's Green Deal regulations, it is imperative UK Traders monitor and understand how these new myriad of regulations will impact their export/import operations. The European Union (EU) is intensifying its crackdown on greenwashing —the misleading practice of exaggerating or falsely claiming environmental benefits. As part of its Green Claims Directive  and Corporate Sustainability Reporting Directive (CSRD) , the EU now requires businesses to provide scientific evidence  and third-party verification  for sustainability claims. For UK traders exporting to the EU, this means stricter compliance measures and enhanced transparency. What Are the EU’s Greenwashing Regulations? The EU aims to eliminate deceptive marketing  by enforcing: Clear sustainability claims  backed by verifiable data. Third-party certification  for eco-labels and green statements. Bans on vague terms  such as “environmentally friendly” or “climate neutral” without substantiated proof. Stronger penalties  for companies found guilty of misleading claims. How Will This Impact UK Traders? Compliance with Evidence-Based Reporting  – UK businesses must ensure all environmental claims are scientifically verified , using lifecycle assessments or independent audits. Stricter Labeling and Marketing  – Any product sold in the EU must follow new transparency rules , requiring firms to update packaging, advertisements, and promotional materials. Potential Fines and Market Barriers  – Failure to comply could result in financial penalties , restrictions on selling goods, or reputational damage. Opportunities for Sustainable Branding  – UK companies that align with EU green standards can differentiate themselves and appeal to eco-conscious consumers . What Should UK Traders Do? Review Sustainability Claims  to ensure they meet EU standards. Obtain Certifications  from accredited environmental bodies. Enhance Supply Chain Transparency  by tracking product materials and carbon footprints. Stay Updated on EU Regulations  to avoid non-compliance risks by subscribing to our newsletter and/or tapping into the Chamber's new range of training and consultancy support . Adapting to the EU’s anti-greenwashing measures  may require UK business to investment in data tracking and verification, as well as tap into specialised support. However, these new regulations also presents UK traders with an opportunity to become more innovative, build consumer trust and strengthen their market presence in Europe. Source: EU's Greenwashing directive Would like to book a complimentary 30-min chat with one of our advisers? As a Chamber, our goal is to keep traders up to date with regulatory landscape and helping them with compliance. So book now a complimentary 1-2-1 session with one of our advisers today here

The UK is a global trading powerhouse, importing goods worth a total of £581.3B in 2023. Importing does not only benefit individual businesses but is a cornerstone of economic growth. As of 2023, the Northwest region imported a total of £45bn and was home to over 25,000 importers, with 63% importing from the EU and the remainder from the rest of the world.    Imports can diversify product offerings and encourage innovation, as well as optimise your supply chain and mitigate risks by accessing a wider range of suppliers. Moreover, importing goods from countries with higher production efficiency can often be more environmentally friendly than solely relying on local sources, despite transportation costs.    However, failing to complete import documentation correctly can lead to significant delays, hefty fines, and even the seizure of goods, which can tie up your capital, disrupt your supply chain and have a devastating impact on your bottom line and reputation. Constantly changing regulations may also mean that your business is not reaping the benefits of FTAs.     GM Chamber is actively committed to support businesses as they venture on their global trade journey.  Our  Accredited Training Course on Import Customs Procedures gives you skills and knowledge to handle your customs documentation with ease. Gain insights into duty and VAT suspension schemes that could benefit your business, as well as the latest regulations to ensure your business remains compliant and ahead of the curve.  Book on our next course: Or check coming ones here   Source: Office of National Statistics

According to Global Health Intelligence, the Latin American pharmaceutical landscape is undergoing significant transformations, thanks to updates in regulatory reforms, a surge in generic drug availability, and an evolving role in the global supply chain. Regulatory Reforms In recent years, several Latin American countries have implemented measures to streamline pharmaceutical approvals, Global Health Intelligence gives the following examples: Brazil : On January 21, 2025, the Brazilian Health Regulatory Agency (ANVISA) introduced a resolution to simplify the approval process for biological products, including vaccines, radiopharmaceuticals, and generic drugs. Companies with at least one approved product in Brazil can now benefit from this expedited pathway. Argentina : In July 2024, Argentina enacted policies to facilitate the entry of generic drugs, relaxed restrictions on opening new pharmacies, and permitted the sale of over-the-counter medications outside traditional pharmacy settings. Mexico : Efforts have been directed toward promoting clinical research and enhancing access to generic and biosimilar medicines, aiming to benefit both local and international markets, including the United States. Additionally, Fitch Solutions, says there is plans for the establishment of the Latin American Medicines Agency which seeks to harmonize drug regulations across the region, and will draw parallels to the European Medicines Agency. This initiative aims to elevate regulatory standards and foster cross-border collaboration, benefiting domestic drug manufacturers and stimulating pharmaceutical market growth. Proliferation of Generic Drugs Global Health Intelligence also says that the easing of regulatory barriers has contributed to a notable increase in generic and biosimilar drugs: Between 2015 and 2019, generics accounted for approximately 45% of all pharmacy drug sales in Latin America. The biosimilars market, valued at $517 million in 2018, is projected to reach $3.9 billion by 2025, reflecting a compound annual growth rate of 33%. This trend underscores a regional shift toward more affordable medication options, driven by both regulatory support and market demand. Impact on the Global Supply Chain Global Health Intelligence also outlines how the burgeoning generic drug market is reshaping Latin America's role in the global pharmaceutical supply chain: The region hosts nearly 2,000 smaller pharmaceutical companies poised to produce and distribute generics and biosimilars locally and internationally. Initiatives in countries like Brazil and Colombia aim to bolster local production of generic drugs, enhancing self-sufficiency and reducing dependency on imports. These developments suggest that Latin America is emerging as a significant contributor to the global pharmaceutical industry, with the potential to influence drug availability and pricing worldwide. Strategic Implications for British Healthcare Companies For multinational pharmaceutical corporations, streamlined regulatory approval processes present opportunities for faster market entry. However, the influx of generics introduces competitive pressures, necessitating a focus on innovation and agility. Conversely, regional and smaller pharmaceutical firms stand to gain from reduced regulatory hurdles, enabling them to expand their market presence and contribute to a more diversified pharmaceutical landscape. In summary, Latin America's pharmaceutical sector is experiencing a dynamic evolution, marked by regulatory harmonization, increased generic drug production, and a more integrated role in the global supply chain. British companies are well positioned to take advantage of these transformation and by joining forces with local firms there is great opportunities for export growth. According to the International Trade Centre, it is forecasted British companies could be exporting an additional USD$27bn worth of pharmaceutical products and about USD$14bn for medical devices across the world. Sources: Global Health Intelligence, Fitch Solutions, ITC/Export potential Need help developing your International Strategy? One of our expert associates can help you developing a robust exporting strategy and finding partners overseas. You can book a complimentary 121 by emailing us at international@gmchamber.co.uk

EU unveils 16th sanction package against Russia on the 3rd anniversary of Russia's invasion to Ukraine On February 24, 2025 revealed this new comprehensive set of measures aims to intensify economic pressure on Moscow, targeting various sectors to undermine Russia's capacity to sustain its military operations in Ukraine. Key Components of the 16th Sanctions Package: Targeting the "Shadow Fleet": The EU has sanctioned 73 vessels identified as part of Russia's "shadow fleet," which has been instrumental in circumventing existing sanctions by clandestinely transporting Russian oil and commodities. This move seeks to disrupt these covert operations and enhance the enforcement of international trade restrictions. Ban on Primary Aluminium Imports: A significant element of the new sanctions is the prohibition of importing Russian primary aluminium into the EU. This action is expected to impact Russian aluminium producers adversely and compels EU industries to seek alternative sources for this critical raw material. Expansion of Individual and Entity Sanctions: The EU has added 48 individuals and 35 entities to its sanctions list. These additions encompass persons and organizations accused of undermining Ukraine's sovereignty, including those involved in military operations, propaganda dissemination, and economic activities supporting the Russian government. Restrictions on Technology and Goods: The sanctions introduce bans on the sale of specific goods to Russia, notably gaming consoles, which have been repurposed for military applications, such as drone control. This measure aims to curtail Russia's access to technologies that could enhance its military capabilities. Financial Sector Sanctions: The package includes measures targeting Russian banks and financial institutions, further isolating them from the international financial system. By restricting Russia's financial transactions, the EU aims to constrain the country's ability to finance its military activities. Combating Sanctions Evasion: Recognizing attempts by Russia to bypass previous sanctions, the EU has implemented stricter controls and monitoring mechanisms. This includes penalizing entities in third countries that facilitate sanctions evasion, thereby reinforcing the overall effectiveness of the sanctions regime. The adoption of this 16th sanctions package underscores the EU's unwavering commitment to supporting Ukraine and holding Russia accountable for its actions. By targeting critical sectors and enhancing enforcement measures, the EU aims to deplete Russia's resources and deter further aggression, while signalling to the international community the importance of upholding international law and sovereignty. UK also introduces new sanctions package coinciding with EU's announcement This makes it the largest escalation since the initial measures introduced in 2022, and showcases the continued commitment from the UK in supporting Ukraine and force Russia to cease military aggression. The package from the UK includes: Expanded Travel Bans and Asset Freezes: The UK government has imposed travel bans and asset freezes on over 100 individuals and entities with significant ties to the Kremlin. This includes senior politicians, business figures, and oligarchs who have provided substantial support to the Russian state or have benefited from their association with it. The objective is to curtail the influence of those who have bolstered President Vladimir Putin's war efforts while enjoying the privileges of access to Western resources. Targeting Russia's Military Supply Chains: The sanctions extend to companies worldwide that supply components used by the Russian military. By disrupting these supply chains, the UK aims to weaken Russia's military capabilities and hinder its ongoing operations in Ukraine. Banning Entry to Kremlin-Linked Elites: Individuals offering substantial support to the Russian state or deriving wealth from their connections to it are now prohibited from entering the UK. This measure seeks to prevent those who have facilitated or profited from the Kremlin's actions from accessing the UK as a haven or base for their activities. These measures reflect the UK's strategic approach to intensify economic and political pressure on Russia, compelling it to reconsider its aggressive policies towards Ukraine. By targeting key individuals, entities, and supply chains, the UK aims to disrupt the resources and networks that sustain Russia's military operations. Sources: Windward , Reuters 1, , European Council , Ukrinform , Pravda , Euromaidan Press , GOV.UK , The Times , Reuters 2

Recent research from the BCC showed: 41% of UK exporters  say Brexit hasn’t helped sales . 46% want easier staff mobility  in the EU. Customs procedures, documentation, and regulations  are top trade barriers. The BCC recently met with EU ambassadors to push for a trade reset benefiting businesses on both sides, specially emphasising on the simplification of trade customs processes under the current EU-UK TCA, which has only but added red tape and additional costs to firms, as well as limiting service access. The BCC latest analysis on the TCA, 4 yrs on, has also found: More than a third (37%) want a reduction in VAT requirements to export to the EU.  And a quarter ( 25%) want the UK to align with rules and regulations with the EU in key goods sectors.   Companies also said that some of the biggest barriers to trade with the EU are: Customs procedures and documentation (45%) Export documentation (39%) Regulations and Standards (35%); and Tariffs (33%). After meeting with the Ambassadors, Trade Policy Head at the British Chambers of Commerce, William Bain, said:   “The shockwaves from last week’s US announcements on tariffs are still reverberating around the world, and both the UK and EU need to decide on their next steps.  “Making trade between the UK and the EU easier, for businesses on both sides of the English Channel, is one option that can have an immediate impact.  “If we reduce red-tape and simplify other processes that have added to costs for business then we all benefit.  “The EU Leaders’ Summit with the Prime Minister won’t take place until May 19, and clearly a lot will happen in the next few months, but it was encouraging to see EU ambassadors being receptive to our suggestions.”   The BCC makes 26 recommendations on their TCA Four Years On Report which focus on improving the current UK-EU trade relationship, including: Negotiate a deal with the EU which either eliminates or reduces the complexity of exporting food for SMEs.   Produce a balanced Youth Mobility scheme between the UK and EU, covering school visits and exchanges, and a time-limited ability to work for young people.   Rejoin the Pan-Euro-Mediterranean (PEM) convention to align rules on raw material and components that can be used in exports without incurring tariffs.     Establish a supplementary deal, like Norway’s, that exempts smaller firms from the requirement to have a fiscal representative for VAT in the EU.       Make a deal to allow UK firms to travel and work for longer in Europe and vice versa, and provide mutual recognition of professional qualifications.     Link the Emissions Trading Schemes of the UK and EU to avoid charges on carbon embedded in exports in both directions.  Susana Córdoba, Head of International Trade at Greater Manchester Chamber, said 'the  British Chambers of Commerce 's Trade Manifesto offers an accolade of recommendations which should help boost export growth in the UK.  In Greater Manchester, we believe export support should go beyond trade promotion and overseas missions. Businesses, especially SMEs, need access to flexible funding schemes that enable specialised customs support. This is crucial in helping them navigate the complex and ever-changing UK and international regulations, which too often deter businesses from exporting. The Trade Manifesto highlights key regulations like CBAM, but many more are emerging as governments worldwide adopt sustainable practices to drive economic growth. Keeping up with these changes is a challenge for many businesses, and without the right support, they risk missing out on global opportunities. We must ensure businesses have the knowledge and resources to comply and compete on the international stage.'  Source: BCC Need help with exporting or importing? Get in touch with our experienced international trade & customs advisers! Book a complimentary 1-2-1 here

As of February 2025, the Windsor Framework continues to reshape trade dynamics between the United Kingdom (UK) and the European Union (EU), particularly affecting traders operating between Great Britain (GB) and Northern Ireland (NI). This agreement, established to address post-Brexit challenges, introduces several key changes due for implementation throughout 2025, aiming to streamline processes and reduce bureaucratic hurdles. But will these really streamline processes for traders? Introduction of the Green and Red Lanes By 30th September 2025, the new customs system will be fully operational: A cornerstone of the Windsor Framework is the introduction of a 'green lane' system for goods transported from GB to NI that are intended to remain within the UK market. This system significantly reduces customs checks and paperwork, however this still requires that carriers provide a simplified dataset containing commercial information for each consignment... and it is not only a requirement carriers need to bear in mind, also freight forwarders and hauliers. So, whilst it is indeed less onerous than completing a full customs declarations, it still is a mammoth administrative task and imagine if they are moving thousands of shipments per day. Also, in order to benefit from these 'simplified procedures', traders must enrolled in the UK Internal Market Scheme (UKIMS). Whilst enrolling on the scheme itself is relatively straightforward, some traders may face some challenges depending on the business type, goods traded and the overall compliance requirements that they need to follow. For instance, to be eligible, traders must demonstrate 80% of their trade stays within the UK. Agri-foods moving via the green lane will be subject to reduced checks, and should make the movement of seed potatoes, horticultural products and plants easier. On the other hand though, NI farmers will be required to keep following EU veterinary rules, but GB and NI will in overall face fewer restrictions. The Red Lane: To be used exclusively for goods at risk to enter the EU market and will be subject to full customs declarations and regulatory compliance. Full Retail Labeling requirements come into effect on July 2025 All food products moved into NI must have “Not for EU”  labels unless they are loose items exempt from controls (e.g., fresh fruits). Retailers must ensure compliance with UK food safety standards  rather than EU rules. Parcels and e-commerce flexibility Personal parcels and online orders  from GB to NI will no longer require full customs declarations under the Green Lane. Business-to-business (B2B) parcels still need some customs oversight , but with reduced checks . Future Negotiations and Potential Adjustments Looking ahead, the UK government has expressed interest in deepening economic ties with the EU. Discussions are underway regarding potential participation in the Pan-Euro-Mediterranean Convention (PEM) to align rules on raw materials and components that can be used in exports without incurring in tariffs. In summary, the Windsor Framework introduces pivotal changes in 2025 that are set to impact traders between the UK and EU. UK and EU Traders, hauliers, carriers and freight forwarders need to understand how these changes will impact them and be prepare from the 31st March 2025 for some of these. Interested in learning more about these changes and how your business may be impacted? Join our next Trade Forum taking place on the 13th March at our HQ, Elliot House. Hear from experts discussing in more detail the upcoming changes and how traders can prepare for these. Already trading with Northern Ireland and facing some challenges? Email us at international@gmchamber.co.uk for the chance to join an exclusive roundtable with HMRC on the 13th March.

Starting from 31st of January 2025, the UK government has introduced a new requirement for all imports from the EU. The Safety and Security Declaration, also known as the Entry Summary Declaration (ENS) , will be mandatory in addition to the standard import declaration. This update is part of the government’s ongoing efforts to enhance border security and safety.    What Does This Mean for Your Business?     Carriers’ Responsibility:  The legal obligation to submit the ENS lies with the carrier, including hauliers, shipping lines, and other entities involved in the transportation of goods. It’s essential to note that carriers will be responsible for providing this declaration on behalf of goods imported into the UK.    What should you do?  As an importer, it’s important to ensure that ENS submissions are made on time and accurately to avoid delays or penalties.  Preparation : Ensure that your carriers are submitting the necessary data in compliance with the new rules. This will help avoid any border issues and ensure smooth import operations.  Impact : Failure to provide accurate and timely ENS declarations could lead to significant delays, fines, or even the refusal of goods entering Great Britain. It is crucial for businesses to take proactive steps to avoid such disruptions.    How Greater Manchester Chamber of Commerce can help   To assist with compliance, Greater Manchester Chamber of Commerce is pleased to offer a service that allows us to complete ENS declarations on behalf of your carrier. This is an additional opt-in service to our current end-to-end import/export declaration service, meaning ENS declarations will only be submitted when specifically instructed by your business.    Next Steps   We encourage you to begin planning for these changes now to ensure a smooth transition when the new requirements come into effect. If you require ENS declarations to be completed for your imports, please get in touch with us by emailing our Customs Team at chambercustoms@gmchamber.co.uk

President Trump announced a raft of tariffs last weekend with levies of 25% on Mexico, 25% on Canadian non-energy goods, 10% on Canadian energy and a 10% increase to tariffs on China. The US dollar considerably strengthened at market opening for Asia, with the Euro/US Dollar hitting a low of under 1.02 and the Pound/US Dollar dropping to under 1.23. MXN, CAD and Chinese Renminbi also weakened considerably, but the FX market moves then settled.   When asked whether tariffs on the EU would follow, Trump stated, "It will definitely happen". In comparison, Trump has been more muted on trade terms with the UK and has even spoken positively about Prime Minister Starmer’s leadership. This boosted the pound against most other currencies.  For more information on the current FX movements and for help on how to plan with these changes, we offer all members a Free Foreign Exchange Healthcheck with our partner Moneycorp. Get in touch on 0161 393 4314 or international@gmchamber.co.uk  to discuss with one of the team.

The United States is set to introduce 25% tariffs on steel and aluminium imports this week, President Donald Trump announced on the 9th of February. This marks the latest in a series of trade measures introduced under his new presidency.  The US president stated that the tariffs would apply to "any steel entering the United States," adding that they would also cover aluminium imports. Trump previously implemented similar tariffs during his presidency from 2017 to 2021, arguing that US industries needed protection from what he deemed unfair competition from Asian and European nations.  According to US trade data, Canada is the leading exporter of steel and aluminium to the United States, followed by Brazil, Mexico and South Korea. Since taking office, Trump has demonstrated a willingness to use tariffs as a financial tool, targeting key trading partners such as China, Mexico, and Canada. Initially, he suspended the 25% tariffs on Canada and Mexico for a month after both nations agreed to take measures against the flow of fentanyl and undocumented migrants entering the US. However, tariffs against China have remained in place and, as of 11 February, Chinese goods entering the US will face an additional 10% levy.  Beijing has retaliated with targeted tariffs on American exports, including coal and liquefied natural gas, which will take effect on 10 February.  According to Goldman Sachs, China’s latest tariffs impact $14 billion worth of US goods, whereas Trump’s newly announced tariffs apply to $525 billion of Chinese imports. Trump has also pledged to impose tariffs on the European Union, warning that he will soon introduce unspecified "reciprocal tariffs."  The US trade deficit, the largest in the world, reached nearly $920 billion last year. While Trump has promised a "new golden era" for the country, he insists that the burden of tariffs will fall on foreign exporters rather than American consumers, despite most experts arguing otherwise. Nevertheless, after imposing tariffs on Mexico, Canada, and China earlier this month, he acknowledged that Americans might experience some "economic hardship."  Trump has also used tariffs as a negotiating tactic to achieve broader political goals. Recently, he threatened to impose tariffs on Colombia after the country refused entry to US military planes carrying deported migrants. However, following a day of tense exchanges with Trump, the Colombian government reversed its stance.  If you're doing business with the US or have a supply chain that includes the US, and you're looking to reassess your duty management strategy, contact the International Trade team at the Greater Manchester Chamber of Commerce by emailing international@gmchamber.co.uk today for expert guidance.

On January 20, 2025, President Donald Trump issued the "America First Trade Policy" Executive Order, signalling a renewed focus on reducing trade deficits and protecting U.S. economic interests. This policy mandates comprehensive reviews of existing trade agreements and practices, aiming to identify and address imbalances and unfair practices, outlining a significant shift in US trade policy going forward. Some of the key aspects of this new policy include the focus on national security as part trade policy. Whilst there was no immediate tariffs announcement, the order directs the U.S. Department of Commerce to investigate the causes of persistent trade deficits and recommend appropriate measures, which may include global supplemental tariffs which will stack up on top of existing duties. While the initial focus appears to be on countries with substantial trade surpluses with the U.S, the UK must remain vigilant. Also worth mentioning, the focus of this investigation is goods and not services, where the US has a big USD$300 bn in surplus. As mentioned in earlier blogs, for the United Kingdom, this new policy introduces both challenges and opportunities. The US remains as one of the UK’s top trading and investing partners, and this is not different for Greater Manchester. So, whilst tariffs are not being implemented straight away, the America First Trade Policy certainly signals these may come sooner rather than later, and thus, both UK government and traders must prepare now. Another area the Executive Order calls is for the review of unfair trade practices by other countries, which could lead to the imposition of tariffs or other remedial actions. The UK must assess its trade practices to ensure compliance and avoid potential conflicts. The establishment of an External Revenue Service to collect tariffs and duties further underscores the U.S. administration's commitment to enforcing its trade policies. In response, the UK government is preparing to engage in strategic discussions with U.S. counterparts to mitigate any adverse effects on UK-US trade. This includes exploring avenues to strengthen economic ties and address any concerns arising from the new U.S. trade policies. The appointment of key diplomatic figures, such as the potential selection of Peter Mandelson as UK ambassador to Washington, is seen as crucial for maintaining robust transatlantic relations during this period. While the "America First Trade Policy" Executive Order aims to bolster U.S. economic interests, it requires careful navigation by the UK to preserve and enhance its trade relationship with the United States. Proactive engagement and strategic diplomacy will be essential to address the challenges and leverage the opportunities presented by this policy shift. UK Exporters – specially those trading goods need to prepare and plan for the eventuality of tariffs being applied, and also how their current supply chains may be affected. Don’t wait around and plan ahead! Need Support? Contact our team at international@gmchamber.co.uk Sources: The Guardian, DOJO Consulting, The White House, ICC

For those who are not aware what the ITC SheTrades Initiative is all about, let us tell you a little about it!       ITC SheTrades  Recognising the importance of women’s economic empowerment has been a central feature of the global development agenda for decades. Whilst significant progress has been made, it is fair to say there is still so much more that can be done to support women, especially in developing countries. The International Trade Centre, a joint agency of the World Trade Organisation and United Nations, launched this flagship Women and Trade Programme to help remove some of the persistent barriers that have prevented more women taking part in trade.    Greater Manchester Chamber has been a keen supporter of this initiative and in 2024 we supported many business missions going to Asia and African countries, with some of our members and customers making meaningful connections with potential women entrepreneurs.  This year, however, we are going a step further and, for the first time, Greater Manchester Chamber in partnership with the International Trade Centre as well as UK International Development, with support from Birmingham Chamber of Commerce, London Chamber of Commerce, West and North Yorkshire Chamber and Liverpool Chambers of Commerce, will be hosting a delegation of 50 women entrepreneurs from 10 different Asian and African countries.  This is a unique opportunity for members and companies across Greater Manchester, the North West, Yorkshire and Humber and across the UK to meet potential new suppliers across a wide range of sectors, such as:  Agri-food (Fresh and Processed): Honey, tea, coffee, dehydrated and frozen fruits (passion fruit, mango, banana, pineapple), dried cereals, tropical fruit jam, fresh produce (e.g. avocados, vegetables, chillies, French beans, sweet potatoes, etc)  Apparel & Accessories (Women, Men, Kids and Baby wear): Sportswear (e.g. jogger suits, hoodies, etc), blazers, socks, motorcycle safety wear, night wear, and accessories such as pashmina and cashmere finished products (e.g. scarves), leather products etc.  Textiles: Cotton, Silk, Chiffon, processed leather,  georgette fabrics  Beauty & Cosmetics: Essential oils – wild and natural (e.g. Baobab, Ximenia, Beard, Mongongo, Marula, Mafura, Citrus, Floral and Herbal), body creams with shea butter and avocado oil, African Black soap, natural silks and scrubbers, facial serums, lip balms and detox clay  Handicrafts/Home Décor: Baskets, lampshades, bamboo products, Jute, Hogla, Leather goods, cashmere and Yak wool products, blankets and throws (home décor).  IT and BPO: Software development, Mobile Applications, Web development, enterprise solutions, call centres  View the full suppliers’ profiles here    Why shouldn’t you miss this event?  Save valuable business development time as we present you with high quality and experienced suppliers helping you to diversify your supply chain effectively  Save time and money by cutting down overseas travelling time & expenses (flights, hotels, related costs) by meeting potential suppliers at your doorstep, here in the UK.  Whilst virtual connections are helpful, take advantage of the opportunity to meet face to face with potential partners and develop fruitful buyer-supplier relationships.  Support a great global initiative which can support your marketing and promotional efforts!  By 2050 many African and Asian countries are due to be some of the fastest growing markets in the world, with many of them ranking in the top 10 largest markets in the world!      Who should attend?  British companies seeking to expand or grow their supply chain the above sectors  British companies seeking to establish partnerships within the IT and BPO sectors  Does it have a cost?  No, it is FREE for member and non-members, but you must register your expression of interest here   Don't miss on this unique opportunity!

Following the recent Food and Mouth outbreak in Germany, DEFRA has issued a series of updates to support traders: Great Britain (England, Scotland and Wales) has suspended the import of the following commodities to GB from Germany, following confirmed cases of FMD on 10th Jan 2025: live (including non-domestic) ungulates (ruminants and porcine animals, including wild game) and their germplasm fresh meat from ungulates meat products from ungulates that have not been subject to specific treatment D1 or higher (including wild game) milk, colostrum and their products, unless subjected to treatment as defined in Article 4 of Regulation 605/2010 animal by-products, unless treated to effectively mitigate the risk of FMD Defra have issued information on the restrictions , and technical details are on the relevant lists on GOV UK. Traders can also view a webinar where experts answered some of the most frequently asked questions from businesses, including processing requirements. FMD – Permitted treatments for raw ham and pepperoni DEFRA has received questions about permitted treatments for products which go through a fermentation and maturation process, such as raw ham or pepperoni. These products must comply with the treatment requirements in D. Raw ham will require a treatment consisting of natural fermentation and maturation of not less than nine months and resulting in the following characteristics: • Aw value of not more than 0.93 • pH value of not more than 6.0 Short-fermented products with German content, such as pepperoni, will still require the heat treatment set out in D, even if they meet the pH and AW level in D. FMD – Import conditions for untreated wool and hair, animal casings To protect animal health in Great Britain, action has been taken to amend the foot and mouth disease (FMD) import conditions for: • untreated wool and hair • animal casings Imports of untreated wool and hair of species susceptible to foot and mouth disease (FMD) (except porcines) will only be permitted from countries or zones that are recognised as free of FMD by the World Organisation for Animal Health (WOAH), and must be accompanied by: • a commercial document or importer declaration (if applicable**) • the health certificate provided in the safeguard declaration (only applicable to countries with FMD that are exporting from FMD-free zones) Import of untreated wool and hair - Import Information Note (IIN) ABP/23A - GOV.UK contains guidance on when an importer declaration would be applicable. Imports of animal casings of species susceptible to FMD, classical swine fever (CSF) and African swine fever (ASF) without specific risk mitigating treatment will only be permitted from EU and EFTA countries and non-EU countries or zones approved to export fresh meat of the relevant species and are recognised by the World Organisation for Animal Health (WOAH) as free of FMD. For countries or zones that are not recognised as free of FMD and/or not approved to export fresh meat of the relevant species, the casings must: come from holdings that are not under restrictions due to notifiable diseases in Annex 4 of the special measure below have been subjected to a risk mitigating treatment as set out in the relevant model export health certificate For imports of animal casing, the date from which the animal casings certificate (GBHC370 Version 2.0 Jan-25) must be used is 16 April 2025, allowing for a three-month implementation period. Version GBHC370 v1.1 Aug-23 will only be accepted until 16 April 2025. This is the last date (inclusive) that the certificate will be accepted, based on the date it was signed, not the date the consignment arrives in Great Britain. From 17 January 2025, importers of untreated wool and untreated hair (except porcine), and animal casings of species susceptible to FMD must ensure compliance with the new requirements. Please see Imports, exports and EU trade of animals and animal products: topical issues - GOV.UK for more information on the new requirements. What to do if your animal product import is held at the border If your animal product import is being held at the border, there may be a number of reasons: • current restrictions due to foot and mouth disease in Germany • the Port Health Authority requires an inspection • Incorrect, missing or no documentation • errors in your CHED import notification or your customs declaration Your first point of contact for animal product imports held at the border should always be the port health authority at the point of entry. You’ll find full contact details for all PHAs on GOV UK and on this map . You must provide: The CHED import notification references (format CHEDX.2025.XXXXXXX) for the consignments being held Vehicle registrations and trailer numbers for any trucks or trailers held It’s also useful to provide the customs declaration MRN number and the Goods Movement Reference if there is one. The PHA will be able to tell you why the goods are being held and what action you need to take to resolve the hold. Sources: DEFRA, Mersey Port Health Newsletter