Read the full transcript below.
Hello, and welcome to Ask the Expert with Anton Gunther, FSB member and Managing Director of Global freight. I'll be asking Anton, what changes to import and export will occur after the 31st of December. 2020.
First, before we go on to the questions let me just get Anton to give a quick introduction about himself and Global Freight and then we'll get on to the questions.
Good afternoon Craig. My name is Anton Gunter as you rightly said, managing director of Global Freight Services.
Global Freight Services is a freight forwarding company, which has been in operation for about 26 years. Currently, we deal with imports, exports, cross trades both from Europe to the UK, from the UK to the rest of the world, and vice versa, from the rest of the world back to the UK and that's Global Freight Services.
Thank you very much Anton.
So first question, what is an EORI number and why, and how do you get one?
An EORI number stands for the Economic Operator Registration Identification number This for all intents and purposes, is your license plate or being able to import and export. It's a number that customers will use to lodge your import and export clearances to and therefore they'll be able to see what you will what you're importing, what you're exporting. Currently an EORI number is needed for all exports and imports from non-EU countries and as of the 31st of
December 11 o'clock, when we leave formally leave the EU, every company that wants to import export to and from the EU will need an EORI number.
Thank you very much, question two.
What are commodity codes and why do you need to know about them?
Commodity codes are like the DNA of importing. Every product that is imported from around the world or from the EU will have a unique identification number, which will show you what that product is. And when I say show you
what that product is, basically, I mean that it will show you;
- Does it have any licensing issues?
- Do you need a license to import it?
- What are the restrictions on importing that item?
It'll also show you the need for duties and taxes, the amount of duties and taxes that may be paid, and any GSPs, general service preferences that may be applicable to that product.
And finally, question three.
What changes can businesses expect when importing and exporting between the EU and the UK from the 1st of January 2021?
I think the biggest change is going to be coming in January is going to be the need for customs clearances, both for imports and exports.
It's important to be able to understand that process. That process starts, If you were doing an export to the EU, it will start with an export clearance. So you as the shipper or the consignor now, will need to complete an NES
or national export entry. And then you'll need you obviously when those goods arrive into Europe. There will need to be a formal customs clearance procedure that needs to be done.
Likewise for imported coming in. The customs clearance procedure is pretty simple. It's just the reverse of what I said before. You'll need to do a export clearance or your supplier will to do an export clearance in
the country of origin. And once it arrives at the border post with the UK, it'll need to have a formal customs entry done.
Once that customs entry is done, you'll also be levied with duties and taxes in the event of a no deal Brexit. Or indeed, it simply can be customs cleared and moved to the final destination.
Thank you very much Anton. I would just like to thank him for his time today, for answering these questions, and if anyone's looking for any more information on this, you can find it on the FSB UK Transition Hub, which
can be found on the FSB website, fsb.org.uk.
Thank you for watching.
Looking for more? You can hear more from Anton in our Ask the Experts interview.