In July 2018 the EU and Japan signed an Economic Partnership Agreement in order to remove trade barriers. From 1st February 2019 the EPA came into force and is projected to eliminate €1 billion worth of tariffs paid annually by companies exporting goods to Japan, with an increase in GDP of €33 billion by 2035.
The EU – Japan EPA will be the world’s largest open economic area, said to make up 40% of global trade value, sending a powerful signal that two of the world’s largest economies explicitly reject trade protectionism.
International Freight Solutions Ltd are proud to be partnering with UPS.
Find out more by reading UPS’s factsheet > The EU-Japan EPA pdf format
The Port of Cork and its partners were ‘highly commended’ at Tuesday’s Seatrade Awards in the ‘Deal of the Year’ category in recognition of its work in securing significant funding for the development of the new Cork Container Terminal (CCT) in Ringaskiddy, which will open in 2020.
The funding for the €80m project was secured from a combination of sources including the Allied Irish Banks p.l.c (AIB), the European Investment Bank (EIB), and the Ireland Strategic Investment Fund (ISIF), as well as EU Connecting Europe Facility funds, and self-finance. €1m of the total capital secured is allocated to a community gain fund for the Ringaskiddy area. Find out more info >
Ocean Freight services are ideal for shipments that are less time-sensitive. Find out more about: International Freight Solutions Ocean Freight Service >
An international logistics expert has warned that even a permanent post-Brexit customs union with the EU would not alone mean frictionless trade with the bloc for British businesses.
Mr Johnson, director of Leeds-based Tudor International Freight, explained: “The UK, as a full EU member, is currently part of the bloc’s customs union, covering its constituent countries and some other states.
“A customs union is essentially an arrangement under which nations agree to waive tariffs – import taxes – on goods sent from one member to another. Members also agree to charge common tariffs on items entering their territories from outside countries. Customs unions can take various forms – there are 16 operating globally, their details comprising varying mixes of cross-border integration and national autonomy.”
Read more from the online International Trade Magazine.
Related article: The United Kingdom and European Union have agreed an extension to Article 50 to delay Brexit
Welcome news from the Department of Transport – £201 million has been granted to councils across England to undertake road maintenance and pothole repair.
This is especially good news for haulage firms out there. Damaged road surfaces cost the logistics industry millions in repairs and replacements. Efficient logistics is vital to ensure that Britain keeps trading, Reade more >
Please click her for more information about International Freight Solutions Ltd: Road Freight Service >
International Freight Solutions are delighted to announce our new membership of the Bluebell Wood 365 Business Club.
Bluebell Wood Children’s Hospice are a much loved local charity who support more than 250 children with life-threatening or life-shortening conditions, alongside their families. Children and families are supported both in their own homes or at the hospice in North Anston. See bluebellwood.org for further information about their excellent work.
Our membership will help to support the charity financially and also connect us with other similar-minded organisations and businesses.
Perhaps you could consider affiliation with Bluebell Wood for your business? For further information please click here >