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Doing Business with the EU and particularly UK. Peter Bishop Deputy Chief Executive London Chamber of Commerce. Day 1 – General 1. Introduction The overall project and how this element fits in Programme and objectives of next two days Who I am, and my credentials Who you are
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Doing Business with the EU and particularly UK Peter Bishop Deputy Chief Executive London Chamber of Commerce
Day 1 – General 1. Introduction The overall project and how this element fits in Programme and objectives of next two days Who I am, and my credentials Who you are 2. The Global Context World trade and the phenomenon of globalisation What globalisation is, and how it has come about Impact on Nepal 3. The European Union How it has evolved and developed Approach to third countries Individual markets
4. The UK market Economic indicators and trading outlook Business and legal framework; quality standards Market information and channels of distribution 5. Nepal as an exporter Current export markets and products Potential exports Export procedures and controls Sources of assistance 6. Principles of Exporting Market Research Transport and documentation Terms of consignment Marketing Getting paid
Day 2 – Specific The programme for the day will be illustrated with examples of actual/potential Nepalese products for exports.) 7. EU/UK Import Procedures HS Codes Controls Documentation Duty treatment and taxes Compliance with EU/UK regulations
8. The UK market Focus on key sectors Environmental issues Trade associations Agents and distributors Exhibitions and trade fairs Doing business with the British! 9. Sources of further information International Trade Centre UNCTAD/WTO Banks Chambers, IBOs Customs 10. Acting as an Export Adviser Your role Assessing a client, company and product Setting up an import – export advisory service Ongoing assistance
11. The Export Transaction of the Future • On-line • Global • Tracked 12. Summary and conclusions • Open forum • Q&A • Close Acknowledgements
The Project To make Nepalese IBOS better equipped to facilitate trade between Europe & Nepal Target group Six courses
The Seminar Practical Enabling Linked with other actions
About Me LCCI WATAC Author Adviser
About You Target group Widely drawn
The Global Context How its come about What it means
The EU • Origins in ECSC • EEC • Single market • Eurozone • Approach to `Third Countries’
The EU Now • Facts and Figures • Economy • Risks to prosperity
The EU • The markets • Future members • http://www.londonchamber.co.uk//lcc_public/default.asp?id=866.
TheUK Market • Economic indicators • Forecast
The UK Market • Business and legal framework • Types of business entities • Registering a foreign company • www.companieshouse.gov.uk
Nepal as an Exporter • The economy • Major trading parties • UK-Nepal trade • http://trade.ec.europa.eu/doclib/docs/2006/september/tradoc_113424.pdf • http://ec.europa.eu/external_relations/nepal/intro/index.htm
Nepal as an Exporter • Procedures and controls • Customs acts and tariffs • Major players • Export manual • www.freightnet.com/country/96.2
Nepal as an Exporter • SWOT analysis • Work in groups to assess SWOT in relation to exports to UK
Principles of Exporting • Why export? • Is export the right option for your clients • Export potential • Resources needed
Market Research • General factors • Market information • Accessibility • Sales potential • Sources of information
Channels of Distribution • Direct • Agents • Distributors • Licensing • Partnerships
Quotations and Pricing • Basis • Costing
INCOTERMS • Terms of consignment • 13 Incoterms • Selecting the appropriate term • www.iccwbo.org
Transport and Documentation • The right mode • The right documents
Packaging • Basic rules • The environment
Getting Paid • Advance • Open account • Collections • Letters of credit
Bill of Exchange Bill of Exchange No:1234 London, 1 May 2008 For: GBP 200,000.00 AtSIGHTPay this SOLE of Exchange POUNDS STERLING TWO HUNDRED THOUSAND ONLY to the Order of OURSELVES Value Received Which place to account To: Any ImporterFor and on behalf of Anywhere Any Country The UK Exporter Signed K. Mandu……………….. Position: Director ……………………
Letters of Credit • Irrevocable • Confirmed irrevocable
EU/UK Import Procedures • The tariff • Helping the importer pick your client as their supplier
UK and EU Trade www.uk-customs-tariff.com http://ec.europa.eu/taxation_customs/dds/tarhome_en.htm Summary of EU External Trade Legislation http://europa.eu/scadplus/leg/en/s05020.htm Generalised System of Preferences(GSP) http://ec.europa.eu/trade/issues/global/gsp/index_en.htm Export Helpdesk for Developing Countries http://exporthelp.europa.eu/ Market Access Database http://mkaccdb.eu.int
Preference • GSP Form A • Origin criteria met • Direct consignment • Questions about GSP
UK/EU Tariff • 7 columns • Description • HS • Special provisions
UK/EU Tariff • Units of quantity • Full rate of duty • Preferential rate of duty • Rate of VAT • Tariff Preference: A guide to the EC's proposed new Generalised System of Preferences (GSP) for the Period 1 April 2005 to 31 December 2008
Documentation • Import license • C88 (SAD) • Statistical declaration • http://www.berr.gov.uk/europeandtrade/importing-into-uk/import-licensing/page9780.html
Origin Rules • GSP • Other origin rules
UK/EU Regulations • http://ec.europa/enterprise/sectorsen.htm • www.bsi-global.com
UK Market • Outlets • Market information • Trade associations • Making contact • http://mkaccdb.eu.int