TNETS Customs and Trade Management News


Former Transport Secretary Chris Grayling lands £100,000 job with large UK port operator

Former Transport Secretary Chris Grayling lands £100,000 job with large UK port operator

17th September 2020 – Conservative MP and former Transport Secretary Chris Grayling has been given a role advising Hutchinson Ports – the operator for Harwich, Felixstowe and London Thamesport – attracting a six-figure salary.  Grayling – famed for having once given a ferry contract to a company that possessed no ships – will work seven hours a week for a year for the company, the BBC reports.  Perceived risk The watchdog assessing potential conflicts of interests when MPs land extra-parliamentary work admitted there was a “perceived risk” that...

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Descartes: UK Business ill-prepared for post-Brexit Customs Complexity

Descartes: UK Business ill-prepared for post-Brexit Customs Complexity

17th Sep 2020 – UK Business ill-prepared for post-Brexit Customs Complexity 2020 was meant to be the year of ‘Brexit Preparation’. When the UK left the EU on January 1st 2020, firms involved in trade with the EU were set to spend 12 months on robust planning, maximising the 12 month Brexit transition period to understand the new trade and customs requirements. The transition period provided time to put in place...

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Dubai Customs’ transactions grow 38% to AED7 million in H1, 2020

Dubai Customs’ transactions grow 38% to AED7 million in H1, 2020

Dubai, 16th September 2020 – Dubai’s economy continued its exceptional performance despite headwinds from a slowdown in the global economic growth due to the coronavirus, COVID-19, pandemic. The number of customs transactions completed by Dubai Customs skyrocketed 38.5 percent in the first six months of 2020 to reach 7.2 million compared to 5.2 million transactions in the corresponding period in 2019. This reflects the vital role Dubai plays as...

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'Alternative to Irish backstop' consultant in line for £200m contract

‘Alternative to Irish backstop’ consultant in line for £200m contract

16th September 2020 – © AFP/Getty Former Washington lobbyist Shanker Singham has been described as the ‘Brexiteers’ brain’. A consultant who had a leading role in the campaign for an alternative to Theresa May’s Irish border “backstop” is in the running for all or part of a £200m government contract related to the post-Brexit checks down the Irish sea. Shanker Singham, one of the main proponents of the so-called “alternative...

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Brexit: UK firms 'under-prepared' for new EU trading rules

Brexit: UK firms ‘under-prepared’ for new EU trading rules

9 September 2020  The lack of preparedness among firms for changes to the UK’s trading rules with the EU in January is “concerning”, a top business group has said. Research by the British Chambers of Commerce suggests many have not taken key steps to prepare for life outside the EU single market and customs union. It blamed the coronavirus pandemic and “inconsistent” government messaging. The government said it would...

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China calls for facilitating cross-border movement of people, goods

China calls for facilitating cross-border movement of people, goods

BEIJING, Sept. 3 (Xinhua) — China is willing to work with all parties to promote an initiative on facilitating the cross-border movement of people and goods, State Councilor and Foreign Minister Wang Yi said Thursday when attending a video conference of the Group of 20 (G20) foreign ministers. Wang said it was very necessary and timely for the conference to focus on personnel exchanges and border control issues. All...

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China Focus: New customs practice boosts B2B e-commerce export

China Focus: New customs practice boosts B2B e-commerce export

in World Economy News 04/09/2020 Two months after 10 Chinese customs began an experimental supervision mode to boost B2B e-commerce export, 12 more customs were added to the pilot program on Tuesday by China’s General Administration of Customs. B2B e-commerce export refers to either direct export of goods from domestic businesses to overseas businesses by cross-border logistics based on their mutual deals over a cross-border e-commerce platform, or the export of...

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Trade facilitation: FBR to issue 'gold', 'platinum', 'silver' certificates to AEOs

Trade facilitation: FBR to issue ‘gold’, ‘platinum’, ‘silver’ certificates to AEOs

01 Sep 2020 ISLAMABAD: The Federal Board of Revenue (FBR) will issue gold, platinum and silver certificates to the Authorised Economic Operators (AEOs) for providing them a wide range of benefits including trade facilitation, speedy clearance of imports and exports consignments and timely payment of refunds/duty drawback to the holders of such certificates. The FBR has issued draft Authorized Economic Operator Rules Monday. Under the new rules, the FBR...

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Most Asia-Pacific consumers unhappy with delivery experiences

Most Asia-Pacific consumers unhappy with delivery experiences

Only 22 per cent of Apac consumers report having product delivery experiences that meet their expectations every time, according to a new study by BluJay Solutions. The research finds that with contactless delivery options becoming more prevalent against the backdrop of the coronavirus pandemic, consumers expectations for transparent, reliable and accurate delivery information is greatly enhanced. In spite of this, deliveries often fall below expectations. “With consumers stuck at...

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Facility of deferred payment of customs duty extended to PSUs

Facility of deferred payment of customs duty extended to PSUs

New Delhi, Aug. Aug 25 : In an attempt to facilitate faster clearance of imported goods, the Central Board of Indirect Taxes and Customs has extended the facility of deferred payment of customs to public sector undertakings (PSUs). Under the new norms, authorised PSUs would be allowed to clear the goods imported by them through customs first and then pay duty later, within 14 days. “This measure is expected...

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