Business

Brexit ‘set to hit Irish exporters hard’

Exports to mainland Europe will be seriously hit by a ‘hard’ UK Brexit, according to a new member survey  by the Irish Exporters Association (IEA). Some 88% said the UK leaving the Union would have a harmful effect on the Irish economy while 94% said it would hurt Irish exporters. Some 59% said it would have a harmful on their own companies. IEA’s chief executive Simon McKeever, commented: “The statistics from ... [+]

Online marketplace to shed light on opaque freight pricing

The Freightos internet marketplace has launched the beta version of its international index which, it says will bring transpaerency to what has until now been an opaque market. The Freightos International Freight Index (FIFI) aggregates live freight rates from hundreds of carriers, forwarders, and shippers, ... [+]

Arrests made in Heathrow drugs bust

Two men have been arrested following a National Crime Agency raid on a freight warehouse near Heathrow Airport, which followed the discovery of three kilos of cocaine discovered in air freight at Gatwick. The 45-year-old from Hayes and a 32-year-old from Southall were detained at the ... [+]

Faster trade deal comes into force

The World Trade Organisation’s Trade Facilitation Agreement (TFA) came into force on 22 February after it was ratified by two-thirds of its members. Rwanda, Oman, Chad and Jordan submitted their acceptance, bringing the total number of ratifications over the required two thirds threshold of 110. The ... [+]

UCC made simple

Broker KGH Customs has created a site to help companies get ready for the new EU Union Customs Code (UCC). - uccmadesimple.com It includes a self-assessment tool to help firms ascertain quickly how prepared they are and what they need to do. There is also ... [+]

EU Commissioner pans Trump’s border tax plan

EU trade commissioner Jyrki Katainen said in mid-February that the EU would be prepared to take legal action should the US try to impose a “border tax” against its imports. In an article published in the Financial Times Katainen also warned that such a move ... [+]

Trade experts see brighter outlook

The World Trade Organisation says that its latest Outlook Indicator (WTOI) suggests that global trade growth will continue to grow moderately in the first quarter of 2017 after strengthening in the final quarter of 2016. The indicator is based on a number of components, including ... [+]

Small firms in the vanguard of UK export drive

More than 63% of British small and medium sized enterprises are exporting, taking advantage of declines in the value of the Pound, according to the latest FedEx SMEs Export Report. It also reveals that the digital economy proves to be an essential enabler allowing SMEs to ... [+]

New group to study trade facilitation

French Customs, the HAROPA ports group, port community system SOGET and ISEL University of Le Havre Normandy, have joined forces to create TRAFIS LAB, an applied research laboratory on trade facilitation, digital customs and logistics. They have initiated a Scientific Interest Group to host a public-private ... [+]

UK to seek new relationship with EU

A White Paper setting out the government's goals for its Brexit negotiations with the EU, has confirmed Prime Minister Theresa May’s January statement that UK will withdraw from the single market and seek a new customs arrangement and a free trade agreement with the EU. Yesterday, ... [+]