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UK-EU trade talks 'unlikely to commence this autumn'

Industry News | | MIC Customs Solutions |

The prime minister of Slovenia has warned the UK not to hold out hope for a commencement of post-Brexit trade talks with the EU this autumn.


The UK has been warned not to expect trade talks with the European Union to commence this autumn, based on the current rate of progress of the Brexit negotiations.

Miro Cerar, the prime minister of Slovenia, told the Guardian that the opening round of talks over the terms of Britain's departure from the EU has yielded slower progress than might have been hoped for, due in part to unrealistic expectations and proposals from a British perspective.

Mr Cerar is one of the 27 EU heads of state who will be asked in October as part of the European Council to decide whether sufficient progress has been made on key issues to allow the scope of negotiations to be expanded to include a future UK-EU trade deal, with the Slovenian leader saying it is not likely that this will be the case.

Since the negotiations started, the EU has been adamant that the UK must come to an agreement on the future rights of European citizens, the status of the Irish border and the financial Brexit settlement before any trade talks can begin, while British ministers have been keen to push for these discussions to happen simultaneously.

Mr Cerar said: "What is important now is that the three basic issues are solved in reasonable time. Then there will optimism on realistic grounds. I know this issue of finance is a tricky one, but it must also be solved, along with the rights of people."

The pressure is now on British negotiators to find a mutually acceptable solution to these issues, as any further delays to the commencement of trade discussions increases the likelihood that the UK will not have an EU trade deal in place - whether transitional or permanent - by the time it departs the union in March 2019. This would increase the risk of British businesses being affected by significant tariffs on trade from this date onwards.


Software Solutions
MIC - Customs and Trade Compliance Software Solutions worldwide

Multinational companies are facing greater compliance challenges when addressing the continuously evolving international legal requirements. Customs and trade compliance management has a significant impact on production location and purchasing decisions, delivery times, cost savings and competitive advantages. Thus, it is crucial to establish processes that are accurately, effectively, and efficiently managed utilizing proven global IT solutions.

The international requirements for companies regarding customs and trade compliance management are complex and subject to ongoing legal changes covering a multitude of topics, such as: Correct product classification, compliance with export control regulations, numerous sanction list screenings, calculation of origin based on ratified free trade agreements, supply chain security initiatives, and management of special customs regimes as part of the import and export clearance processes. In addition, country-specific legal requirements that include legislative and technical changes make it increasingly difficult to completely fulfill the requirements of international customs and trade compliance.

A partnership with MIC strengthens a company’s ability to deal with the daily operational challenges of international customs and trade compliance management. MIC has a trendsetting Global Trade Management (GTM) software solution that allows companies to standardize and automate their customs and trade compliance processes. MIC’s software solution is available on 6 continents and can be configured according to the company’s specific needs to significantly improve legal compliance, thus saving time, money, and eliminating future business disruptions.

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MIC provides the software via its data center infrastructure. On request, a MIC partner can take over the daily operational handling (managed services).

Low investment expenses and “pay per use” cost savings, as well as reduced time to value.

Customs Filing

Automated electronic export and import customs clearance processes, including special customs regimes and inventory management: Import, Export, Transit, Inward & Outward Processing Relief, Bonded Warehouse, Foreign Trade Zones, Intrastat, Central Clearance – SASP, EMCS and more. “We do the last mile!”

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Central Classification

Global part master data management with increased degree of automation in customs tariff & export control classification of products based on regularly updated national customs tariffs and export control commodity lists.

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FTA Management

Automated preferential and non-preferential origin calculation for 250+ free trade agreements as well as electronic exchange of customer supplier declarations. Management of supplier declarations via supplier web portal.

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Export Controls

Central export control check of business transactions, including sanctioning list check, embargo check, end-user / end-use check, determination of approval requirements and management of approvals.

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Global Implementations

There are various customs regulations and requirements programs throughout the world. Examples include ACE, FTZ and Duty Drawback in the USA, IMMEX in Mexico, the Union Customs Code (UCC) in the EU (and its various national characteristics), the Free Zone in Thailand, and the China Single Window. All of these have the objective of making customs procedures simpler, more modern and more efficient.

MIC Global Trade Management (GTM) software helps companies maintain international visibility and to take advantage of these program changes in legislation. We know the intricacies of national and regional customs and export control requirements. Our software takes account of the respective regulations and uses similarities in global customs and export control law. This is done in 55+ countries on 6 continents with regularly updated trade content for 150+ countries. In addition, our data analytics & visualization tool enables improved decision making by identifying optimization potentials and supply chain trends across global customs and trade compliance processes. As a result, global business processes can be designed and automated more efficiently. This not only increases compliance, but also saves time, money and increases global competitiveness.

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