Allseas

How will the potential of WTO trade tariffs affect worldwide shipping?

by Bryn Atherton, Allseas Global Logistics

As trade and commerce continue as normal during the Brexit transition period, many companies who regularly import and export goods with Europe are becoming increasingly concerned about the threat of a ‘no deal’ Brexit. There is plenty of speculation that a free trade agreement between the UK and Europe could yet be achieved. But with discussions still ongoing it’s looking increasingly likely that the UK will revert to WTO trade tariffs from January 2021.

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The fog is slowly clearing

The blurry outline of the landscape is emerging. And it has changed, we just don’t yet know exactly how.

When I wrote my last article we were in the very early stages of lockdown, with fear and uncertainty as the prevailing emotions around the world. Since then many parts of the world have come through the first pass of the virus, though some are still in the thick of it. Political strategies have moved from being nationwide to more regional or hyper localised.

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Preparing for Brexit

As we publish this, the UK political landscape has gone through yet another seismic shift, and we seem to be no nearer a clear exit plan for the UK’s departure from the EU. In fact, new legislation has just come in which makes the case for a further extension to the leaving date from 31 October 2019 to 31 January 2020. GM Business Connect caught up with Bryn Atherton, Commercial Director of Allseas Global Logistics, and asked him about what impact Brexit was having on Allseas;

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The language of exporting

If you ask companies that export whether they regret it, you will rarely hear any negativity. There is a very good reason for that; exporting helps the bottom line as well as the top line, often more easily than with home sales. This would be obvious if you had a very limited market opportunity because of highly specialised products or services, but it also applies to far more competitive market places. British products have a justifiable reputation for quality, design and innovation and can hold their place across the world.

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Exporting

The secret to safe and smooth International Exporting
Brexit might be stirring concerns for EU exporters, but interestingly, this ripple effect isn’t drifting out to International waters. Despite the current commotion in the Commons, overseas trade is still thriving – with ships sailing between the UK and other continents undisturbed. The International export market is undoubtedly aware of Brexit, but remains as strong as ever – with huge eastern nations like China refusing to turn their back on Britain despite the political and economic uncertainty here at home.

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