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Brexit Update: Parliament Votes Against Blocking No-Deal and Boris Johnson in the Lead to Succeed

Yesterday and today there were two important Brexit-related votes in the UK Parliament. Let’s start with the vote about the plan Labour launched to block a No-Deal-Brexit. Blocking No-Deal? No-Deal! A proposal launched by Labour to try and give Parliament a bigger say in the Brexit decision process was voted down yesterday. Only barely so.
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Ex-U.K. Trade Minister: U.S.-UK Trade Deal Can’t Make Up for Brexit

…speaking at the Fortune Most Powerful Women International Summit in London on Tuesday morning, Baroness Rona Fairhead CBE, the U.K.’s former minister of state for Trade and Export Promotion, did not appear convinced by Trump’s pronouncements. “[The EU countries] still remain our closest partners in terms of location—and they still represent about 50% of our
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The African Continental Free Trade Area (AfCFTA) Came Into Effect

In a nutshell, it means a single market of goods and services for 1.2 billion people with an aggregate GDP of over $2 trillion. UNCTAD, the UN’s trade body, predicts reducing intra-African tariffs under AfCFTA “could bring $3.6 billion in welfare gains to the continent through a boost in production and cheaper goods.” One of
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Airbus Issues Warning over Escalation of US-EU Dispute

The U.S. and the EU have threatened billions of dollars-worth of tariffs be imposed on goods including aircraft, in the latest step of a long-running transatlantic dispute at the World Trade Organization. Airbus Chief Commercial Officer, Christian Scherer, told CNBC that the proposed tariffs “defy economic logic,” saying they will end up hurting the consumer.
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Brexit Update: Theresa May Officially Steps Down

It was May 27th when Theresa May announced she would resign as Prime Minister per June 7. She has now officially resigned as leader of the Conservative Party and thus as Prime Minister as well. What Will Happen Now? May will remain Prime Minister until her party has chosen a new Prime Minister. This is
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What Exporters Need to Know About Dual Use Goods

As an exporter or a service provider to an exporter, you are asked to provide a written declaration that states whether your shipment contains dual-use or military goods. What Are Dual-Use Goods? The European Commission defines dual-use goods as products and technologies normally used for civilian purposes but which may have military applications. If the
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Customs Operations and the Blockchain

The Saudi Customs Authority has piloted the processing of a shipment with the use of blockchain technology. The shipment went from Damman in Saudi Arabia to the Port of Rotterdam in the Netherlands. There it was put on a truck and transported to its final destination in Belgium. What is Blockchain Technology? Blockchain is essentially
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Other Documents You May Need when Exporting, Next to Import and Export Documents

We’ve covered export documents and import documents that you may need when exporting goods from the EU. These were all customs documents and certificates. There are several other documents you may need, that are not customs specific. Commercial Invoice For any customs authority to be able to determine the value of your shipment they need
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The Candidates to Become UK’s Next Prime Minister and Where They Stand on Brexit

Quartz gives an interesting overview of the various candidates that could become the next Prime Minister of the United Kingdom. Do they want a soft Brexit with a deal or a hard Brexit without a deal? Or neither? By every serious account, a no-deal Brexit would be the most damaging form of divorce for the
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Theresa May Announces Resignation

As the BBC Reports: Theresa May has bowed to intense pressure from her own party and named 7 June as the day she will step aside as Conservative leader, drawing her turbulent three-year premiership to a close. Speaking in Downing Street, May said it had been “the honour of my life” to serve as Britain’s
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Import Trade Documents You (May) Need When Exporting

In my last blog on exporting, I described the various types of export documents there are, like the EX-A, the EU-A, the T2L, the COM-A and T2LF document. In this blog, I will take you through some import related documents you might need when you want to export your products. Why? Because when you export,
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British PM Under Fire Over New Brexit Plan

I come across this excellent article by the BBC on the latest plan May intends to present to Parliament. That is if she’s still Prime Minister by that time. Members of her own party are urging her to step down, and even want another vote of confidence. May survived such a vote in December, so
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