On 1st January 2021 the biggest change to our trading relationships for over 40 years will have significant implications for business’ international supply chains. Establishing the duty implications and customs benefits for each of the potential agreement scenarios will be vital to maintaining competitive advantage and operating an efficient supply chain. As the negotiations progress, the implications will be crucial for finance and supply chain teams developing margin and liquidity models for a new trading environment.
Determining the likely tariff on component and raw materials under free trade agreements (FTA) and alternative trading scenarios from differing customs territories and assess in providing a new tariff for your finished product.
Assessing the benefits of customs accreditations and determining the legal requirements and obligations attached to each procedure. Assessing the potential to qualify for and managing the process to obtain:
Obtaining AEO (Approved Economic Operator status) – A global accreditation provided to companies that have demonstrated to HMRC that the safety and security of your end to end supply chain meets global requirements. AEO status provides several benefits, including:
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