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Dr Anna Jerzewska Profile picture
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7 Jun, 4 tweets, 1 min read
Clear as day.

The UK sees the Protocol as a "huge compromise" and was expecting the EU to reciprocate.

The EU expected the UK to follow through on its commitments - logical consequences of this agreement.

/1
For example, the UK decided to apply the EU customs legislation, the UCC, in NI.

As a result, customs formalities outlined in the UCC apply to goods entering NI even from GB.

Simples!

/2
Seems like the UK was under the impression that the compromise it made was so big the EU won't possibly ask it to go through with it...

/3
Also worth remembering that trusted traders are also required to submit customs declarations.

h/t @DNewtonC

4/4

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More from @AnnaJerzewska

Dr Anna Jerzewska Profile picture
5 Jun
So I have a feeling many companies are in for a rude awakening this month - the first round of supplementary customs declarations for companies importing from the EU

/1
Thanks to the UK Gov's easements there was an option to defer customs declarations for the first 6 months and submit the bare minimum of data at the time of import (usually done by the carrier, logistics provider)

/2
This was to be followed by a full, supplementary declaration up to 175 days later.

Which, you guessed it, is this month.

/3
Read 10 tweets
Dr Anna Jerzewska Profile picture
4 Jun
Solving the NI border was always going to be technically challenging and politically sensitive.

Instead of working on these issues in advance, the UK and the EU signed a Protocol that was a high-level legal framework only.

/1
Some of the practicalities were to be solved by the Joint Committee.

Here again - a patch-up job at best while it was becoming increasingly clear that the two sides have a different vision of how it should work

/2
The UK's Command Paper was a clear sign that the UK's view on its obligations differed from that of the EU.

Were these differences addressed at the time? No, of course not.

/3
Read 7 tweets
Dr Anna Jerzewska Profile picture
2 Jun
Great article on inventory management (just in time) and the global pandemic - it's more interesting than you think.

JIT, global supply chains, the shipping crisis and what companies should do next. Are we going to see more supply chains resilience?
/1

nytimes.com/2021/06/01/bus…
While I have often said that I don't believe the pandemic will significantly shift supply chains (which are formed as a response to costs, availability, taxes and a number of other factors) I was thinking it's likely to impact the approach to inventory management.

/2
The authors are equally sceptical about "supply chain resilience" but go even further when it comes to assessing the likelihood of impact on the type of inventory management - expanding storage space and increasing your inventory costs money.

/3 Image
Read 5 tweets
Dr Anna Jerzewska Profile picture
1 Jun
Interesting points by @CoppetainPU on WTO transparency (catching up on my reading)

Does transparency help or hinder trade negotiations, formation of trade policy etc?

/1

tradebetablog.wordpress.com/2021/04/26/wto…
While this focuses on the WTO, obviously parallels can be drawn between the WTO transparency debate, the wider transparency in trade debate and the recent discussions around the UK's trade strategy (FTA talks).

/2
I think when it comes to transparency in trade a question that's more important than "should we?" is "how to?".

At the WTO, in the UK and everywhere else.

/3
Read 4 tweets
Dr Anna Jerzewska Profile picture
28 May
Interesting ongoing🧵on preference utilisation and the TCA.

A few quick thoughts

Utilisation rates are never 100%. That’s normal. However, the question is why are companies not using the TCA.

/1
Two possible reasons. Companies are not using preferential tariffs (0%) because

1⃣ they can’t cause they don’t meet rules of origin (e.g. re-sale of goods imported from elsewhere; or

2⃣ they don’t know how to

/2
Not much you can do about 1⃣. Supply chains adjust over time. Perhaps some of these companies can gradually switch to different suppliers.

/3
Read 8 tweets
Dr Anna Jerzewska Profile picture
26 May
Comments from Alexander and Chip worth reading 👇

Yes, we did have proper public consultations on the FTAs with Australia, New Zealand, the US and CPTPP back in July - October 2018.

/1
But I also remember where we were in the Brexit debate around the same time and I think the potential impact, scope and trade-offs related to FTAs might not have been fully understood.

/2
To be fair, I recently had an opportunity to ask a few companies about their interest in and "wish list" for these FTAs (not a representative sample) and the interest and level of engagement was really low.

/3
Read 5 tweets

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