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Brexit

March 29, 2019 will be two years since the United Kingdom of Great Britain and Northern Ireland, hereinafter referred to as the United Kingdom, notified the European Council of its intention to withdraw from the European Union (BREXIT).

Accordingly and in accordance with Article 50 (2) of the Treaty on European Union, as from 23:00 on 29 March 2019, the United Kingdom shall cease to be a Member State of the European Union, unless by that date withdraw the said notification or an extension of the withdrawal period by the European Council.

Negotiations between the European Union and the United Kingdom with a view to the conclusion of an Exit Agreement, whose project establishes a transitional period until 31 December 2020 (see Article 126 of Draft Exit Agreement) during which, and in accordance with the Exit Agreement, the United Kingdom will continue to apply, and to be subject to, Union law.

Upon the exit from the United Kingdom of the European Union or, if there is an Exit Agreement, with the end of the transitional period, the entry into the customs territory of the Union of goods and goods from the United Kingdom or the exit from the said territory of goods and destined for the United Kingdom shall be subject to compliance with the procedures laid down by customs legislation, in particular the presentation of customs declarations of import and export and, on importation (release for free circulation), the obligation to pay import duties and other charges .

For undertakings exporting and importing under preferential arrangements, the following document is recommended: BREXIT - Consequences on the preferential origin of the goods - Preferential Origin.

Thus, in the absence of withdrawal of the notification of exit by the United Kingdom or extension of the exit period by the European Council, trade in goods and merchandise with the United Kingdom shall be subject to customs formalities as from:

• From March 29, 2019 (11:00 PM), with no Exit Agreement;

• From January 1, 2021, with an Exit Agreement.

For the purposes of clarifying citizens and businesses, the European Commission has published several notices on the impact of BREXIT.

In tax and customs matters, the following should be highlighted, which are recommended for reading:

For more information and news on BREXIT, it is advisable to consult the Grupo de trabalho para a preparação e condução das negociações com o Reino Unido ao abrigo do artigo 50.º do Tratado da União Europeia (TUE)

https://ec.europa.eu/info/departments/taskforce-article-50-negotiations-united-kingdom_pt."

Source: Portal das Finanças

How to find importers is the first question that a company asks itself when starting to sell abroad. The answer may seem obvious: on the Internet. However, it is far from certain unless the company knows precisely which are the most useful and cost-effective tools for identifying importers in foreign markets.

Although on the Internet there are hundreds of websites offering listings of importers, international offers and demands, business contacts, etc., the vast majority of this type of information accessed by clicking on the corresponding links. But, it is not useful because:

Inaccurate information: in most websites that offer information from importers, the search cannot be made for a particular product or product category, but rather for sectors of activity. For example, it will not be possible to look for importers of tiles, but for importers of construction materials, so that most companies obtained will not import tiles.

Incomplete information: if the importing companies in foreign countries buy the product to be exported, the information obtained will be limited to the name of the company and, perhaps, to its address and web page. It’s likely we will not find data on import volumes and values, countries of origin and, even less frequently, the names of the persons responsible for importing and their contact details.

Outdated information: many of the names and information obtained do not correspond to the real situation. It is usual that companies appearing in lists of importers have disappeared and others do not import the product for which the search is being made, so the result is often frustrating.

Due to the importance of finding an appropriate importer, it is recommended that reliable and updated sources be used, even if it is necessary to pay for the information. However, the cost of this option will not be high, considering the quality of the information obtained.

Source: globalnegotiator.com - Olegario LLamazares