June 29, 2016 | Industry Insights, Insights, Trade

“Brexit”, ATA Carnets, and the Global Logistics Supply Chain

Share This:

The United Kingdom’s (U.K.) vote last week to leave the European Union (EU) has many industry sectors wondering about the impact of this surprising result, including the global logistics supply chain. Logistics companies said the “Brexit” vote could have a two-pronged impact in the near term, potentially cutting into the movement of goods but also fueling more demand for services to help retailers and manufacturers navigate changing regulations and trade rules. Yet it will be some time before we actually realize the effects of the U.K.’s decision to leave the EU, particularly as there is a two-year notice period under Article 50 in the Lisbon Treaty in which a country informs the EU it’s leaving the bloc. Expectations are that the formal exit notification process won’t begin until the end of the year.

Current trade facilitation procedures

In the meantime, in response to inquiries related to the U.K.’s decision and its impact on ATA Carnet, the U.S. Council for International Business released the following statement:

“…At this time, the U.K. remains a member of the EU, and the process for leaving the bloc has not yet begun. We have no indication of any changes affecting the use of ATA Carnets in the U.K., or in the EU as a whole, for the foreseeable future.”

With this impending EU exit process and uncertainty of varied interpretations, Roanoke Trade recommends that you request an additional set of foreign (white) counterfoils and vouchers. In the event that you are requested to present your ATA Carnet for additional customs clearance when transiting the EU you will be prepared by having this extra set of documentation. It is always advisable to be prepared with one extra set when traveling within the EU on an ATA Carnet. At any point during your transit local customs has the right to request proof of documentation for customs and security purposes.

If you have any questions or need assistance with your ATA Carnet please do not hesitate to contact your ATA Carnet Help Desk 1.800.Carnets (1.800.227.6387) or Carnets@RoanokeGroup.com.

Share This:

Related


New Report by BSI Global Intelligence Outlines Leading Causes of Increased Theft

Increased Prices of Fuel, Agricultural Products, and Other Goods are Leading to Increased Theft In partnership with Roanoke, BSI’s Global Intelligence Analysts have provided a high-level outlook on the top supply chain risks expected in upcoming months, based on data and trends from the first three quarters of 2022. BSI’s data shows that thieves globally […]

Industry Insights

2024 NCBFAA Scholarship & Application Announcement

Roanoke Insurance Group is delighted to once again sponsor  a $5,000 scholarship to students intending to join the trade industry. The National Customs Broker and Forwarder Association of America (NCBFAA) offers this $5,000 scholarship award yearly and will be presented to the winner at the NCBFAA annual conference in April 2024. The topic for this […]

Events, Industry Insights

Reduce the Increasing Rate of Rail Thefts

Situation  In Q4, BSI recorded a significant uptick in rail thefts in North America, especially in the United States, in the Los Angeles area along trail lines, and near the port.  In Q4, the rail modality accounted for 6.7 percent of recorded cargo theft incidents in the United States. While this is a significant jump […]

Cargo Insurance, Industry Insights, Shippers Interest Cargo Insurance, Trade, Transportation

Sign up for our latest articles and events.

Roanoke is the leading provider of insurance and surety solutions for transportation and logistics providers. In fact, we are recognized as the most reliable source for U.S. customs bonds.

Contact

If you have any questions or need help, feel free to contact with our team.

800-762-6653

US CORPORATE HEADQUARTERS

1501 E. Woodfield Road

Suite 400W

Schaumburg, IL 60173


CANADA CORPORATE HEADQUARTERS

390 Bay Street

Munich Re Centre, 22nd Floor

Toronto, ON M5H 2Y2

Solutions that Go the Distance.

© 2024 Roanoke Insurance Group Inc. A Munich Re company

Better Business Bureau logoCoverholder at Lloyd's logo