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Dr Anna Jerzewska Profile picture
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3 Jan, 5 tweets, 2 min read
Reminder: even if our new free ports are done really well and end up being successful, the benefits:

1⃣ Won't make up for c.a. 4% negative impact on GDP resulting from leaving the EU
2⃣ Won't be sufficient to "level up" anything

That's just not what they do
Also probably worth pointing out that the UK Gov is hoping that these benefits will result from other, non-customs related, incentives and measures e.g. tax cuts and other simplifications.

/2
This is because customs-related benefits 1) are available under other, simpler procedures 2) would be extremely limited as per 👇analysis by @pholmes8

blogs.sussex.ac.uk/uktpo/2019/02/…

/3
Still uncertain if/how these "additional" incentives could work and whether offering such simplifications and limiting them to freeports would make sense vs making them available to a wider category of firms

/4
In general, referring to freeports as one of the main, if not the main benefit of Brexit is a risky move

/end

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More from @AnnaJerzewska

Dr Anna Jerzewska Profile picture
6 Jan
Been waiting for 👇 🚨

Important story on what a “tariff-free” deal means in practice and why it’s not enough for two economies as closely integrated.

Tariffs are removed on goods that meet rules of origin. This is a complex and nuanced area of customs.

/1
Important to remember that trade deals (FTAs) weren't designed with such a high degree of economic integration in mind.

So some of the standard RoO provisions will seem incredibly restrictive under the UK-EU deal.

/2
Minimal operations or insufficient processing is a standard part of an FTA. Most, if not all FTAs, include a provision on minimal processing – processing not considered sufficient to confer originating status even if rules of origin have been met.

/3
Read 9 tweets
Dr Anna Jerzewska Profile picture
31 Dec 20
I really enjoyed @DavidHenigUK's "2020 review in pictures" thread and wanted to post a couple of my own trade-related photos from this year.

After all, 2020 was quite a year...

/1
New Year's Eve 2019. Hamburg. Container port.

Back when boxes were moving smoothly. 12 months later - global container shortage crisis

/2
This was a night to remember... and then 11 months of LPF and fish.

Uncertainty, stress and frustration.

And then tonight everything changes.

/3
Read 13 tweets
Dr Anna Jerzewska Profile picture
30 Dec 20
It's probably worth clarifying further (h/t @StevePeers) - is exporting to different countries exactly the same?

1. Market access
Market access conditions will differ - i.e. tariffs and availability of preferential tariffs (trade deals).

/1
Not that directly impacts exporters. As we know tariffs are paid by importers, but it affects competitiveness.

2. Process
Is pretty much the same. Unless you need an origin certificate or there are other trade policy measures in place.

/2
But the process has to be the same. Part of non-discrimination. So the act of exporting is clearly defined.

3. Regulatory requirements
Here it's more about behind the border barriers and things like SPS controls. This is where the difference is.
And it's significant

/3
Read 5 tweets
Dr Anna Jerzewska Profile picture
29 Dec 20
Better late than never. Here we go. What does this deal mean for borders, border formalities, customs & trade facilitation?

Long one. TL:DR very little at the moment but has potential

/1
Borders
When compared to no deal the deal changes very little in terms of border procedures. All formalities and checks will still be required.

Reminder - we're not starting from 0 here – both our container ports and our ro-ro ports are already congested

/2
On top of that, all the issues related to border readiness: lack of capacity and space, IT systems not ready, shortages of customs agents, treader readiness – have not been solved.

The deal doesn’t help with that.

/3
Read 20 tweets
Dr Anna Jerzewska Profile picture
28 Dec 20
So on origin, it’s getting a bit hard to keep up with all the rumours so here is where I think we are with this (correct me if I missed something)

/1
Claiming origin.
Two ways for traders to claim origin under the EU-UK deal:

1⃣ Self-certification by the exporter (standard) – normally requires an authorisation, I’m hearing that might not be needed for UK-EU trade – waiting for guidance or more info

/2
2⃣ Self-certification by the importer (new(ish), in the EU-Japan deal and some continuity deals). UK importers have little experience with this one, but helpful guidance available given initial uncertainty around using this form of certification

/3
Read 11 tweets
Dr Anna Jerzewska Profile picture
26 Dec 20
This is very interesting and seems that the may/ shall makes a difference after all. Let me explain how this was done and what it means.

/1
What normally happens is that a claim for preferential origin is made at the time of import i.e. certificate demonstrating that the goods meet rules of origin is presented with the goods.

/2
There are usually options to claim preferential treatment afterwords. Retrospectively. But only in special circumstances.

This is possible under domestic legislation (amending customs declarations)

/3
Read 11 tweets

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