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  • 29 Sep 2017 10:13 AM | Anonymous
    Value Added Tax (VAT) is due to be introduced in the UAE and wider-GCC on January 1st 2018. VAT will be charged on:
    • Supplies of goods and services by a taxable person (a person who is registered or required to be registered for VAT) where the supplies are made within the same GCC member state in the course of carrying on a business.
    • The importation of goods from outside of the GCC.
    • The exportation of goods or services to outside of the GCC – although these supplies will be zero rated.
    • The receipt of good and services cross border within the GCC – by the application of the reverse charge mechanism.
    • The receipt of services from outside of the GCC by a VAT registered customer – by the application of the reverse charge mechanism.

    More details can be seen on the website of the UAE Ministry of Finance  - click here


  • 20 Sep 2017 10:16 AM | Anonymous

    From 21st September firms across the UK will be able to take advantage of a near-total removal of tariffs on exports to Canada, as the EU-Canada Comprehensive Economic and Trade Agreement (CETA) is provisionally applied.

    CETA is the most extensive free trade agreement to date. The agreement scraps 98% of import duties, giving UK companies easy access to a valuable market of more than 35 million people and opening the door for companies to strike up productive relationships for future trade with Canada.

    DIT is keen for companies across the UK to take advantage of the opportunities CETA

    A factsheet that summarises the changes CETA brings for the food and drink sectors can be downloaded here.

    The UK Government is committed to seeking continuity in its current trade and investment relationships, including those covered by EU FTAs and provide certainty for businesses. CETA will not only boost exports in the short term, generating jobs and growth, but is also an opportunity to lay solid foundations for the UK’s future trading relationship with Canada.

    The Prime Minister recently announced the establishment of a new joint working group to examine how DIT can transition the ambitious measures set out in CETA. This will be the 13th working group established across 18 countries since the EU referendum.


  • 18 Sep 2017 12:32 PM | Anonymous

    Sponsored for 2018 by Delamere Dairy

    The awards, founded and run by FreeFromFoodsMatter celebrate the innovation and imagination shown by the food industry in creating foods that are free of wheat, gluten, dairy, eggs, nuts, soya, sulphites and other allergens.

    UK freefrom companies are increasingly looking not just to Europe but to the Middle East, India, China, Australia and the US for their markets. This new category will seek out some of the products that UK companies are exporting – sponsored in it first year by Queen's Award for Export winners and FDEA Member Delamere Dairy.

    Entry for the 2018 awards opens Wednesday 13th September 2017 and closes at midnight on Sunday 3rd December 2017.

    Judging will be in early February 2018.

    The presentation of the awards will be on 17th April 2018.

    The Awards will be showcased at the Allergy & Freefrom Shows at Olympia, Liverpool and Glasgow in 2017/8.

    For more details and information on how to enter click here


  • 18 Aug 2017 11:55 AM | Anonymous
    • Exports of all UK food and drink in H1 2017 grew to £10.2bn, up 8.5% on H1 2016 – the largest H1 exports value on record
    • Exports to the EU27 grew at a faster rate than to non-EU markets, increasing the share of sales to the EU to 61.2%
    • Sales of branded food and non-alcoholic drink continue to lead the way with exports up 11.3% on H1 2016
    • The UK's top 3 export products are whisky, salmon and beer
    • The top 3 export destinations remain Ireland, France and the United States

    The first half of 2017 saw exports of all UK food and drink grow to £10.2bn, up 8.5% on H1 2016. This represents the highest first half exports value on record. The UK's top 3 export products are whisky, salmon and beer. Contrary to recent export trends, stronger growth was reported to EU countries (+9.0%) than to countries outside the EU (+7.6%).

    Ireland, France and the United States are the top three destinations for UK food and drink in terms of overall value. Positive growth was reported in all top 20 markets, apart from Spain and Japan. Spain saw a 17.6% decrease compared with H1 2016 due to a drop in commodity exports such as wheat and barley, while Japan was marginally down by 2%.

    The three export markets that saw the greatest percentage growth in value in H1 were South Korea (+77%), China (+35%), and Belgium (+39%). The rapid growth in exports to growing East Asian markets was led by South Korea fast gaining a taste for British beer, and overall exports surged to £156.3m.

    The US is the UK's top non-EU market for exports of branded food and drink, reaching £91.5m in H1 2017, up from £87.8m in 2016. Top UK branded goods sold to the US in H1 included food preparations, bread, pastry, cakes, puddings and sweet biscuits. The US has been identified by the Government as providing significant opportunities for a trade deal post-Brexit.

    While the fall in the price of the pound had helped to boost UK export competitiveness, this currency weakness has also led to an increase in the cost of many essential imported ingredients and raw materials. This has resulted in the UK’s food and drink trade deficit increasing by 16% to -£12.4bn in H1 2017.

    FDF recently commissioned Grant Thornton to undertake an economic contribution report, which identified China (£274.3m in H1), India (£50.7m in H1) and the UAE (£164.8m in H1) as the top 3 target markets that food and drink companies would like to target. These countries were prioritised by the companies surveyed based on their scale which affords a sizeable middle class target customer base with strong and growing demand for quality Western products.

    Ian Wright CBE, Director General, FDF, said:

    “The growth of food and alcoholic drink exports is very encouraging. We want to work with Government to take advantage of increased demand for UK products overseas and the opportunities that leaving the EU is expected to create.

    “It is great to see such strong growth in our exports to EU Member States. The EU remains an essential market for UK exports as well as for supplies of key ingredients and raw materials used by our industry. We believe there are significant opportunities to grow our sector’s exports further still. The continuing weakness of sterling is a concern. However, we hope that with the determination of businesses and the assistance of Government, we can open more channels and provide a further boost to the UK’s competitiveness on the world market.”

    Food Minister George Eustice MP said:

    “These encouraging figures show that the UK’s high quality foods and high standards are sought after around the world.

    "We have ambitious plans to produce and export more of our fabulous foods around the world and more businesses are trying exporting for the first time.

    "Last week we announced further market access to China for pork producers and UK beef will soon be heading to the Philippines. We will continue to work with industry to open new opportunities.”

    Elsa Fairbanks, Director, FDEA, said:

    “It is pleasing to see exports perform so strongly in the first half of the year, with UK food and drink exporters seeing the largest figures in record. Our core markets in the EU and North America are showing healthy growth and is something we should protect and build on in the months ahead. Asian markets have also seen impressive growth and this is clearly a region we should turn our attention to further as exporters in the future.”

    Ends


    More information

    FDF commissioned research by Grant Thornton covering export opportunities and can be found here: https://www.fdf.org.uk/publicgeneral/FDF-Economic-contribution-Full-report.pdf


  • 15 Aug 2017 5:45 PM | Anonymous

    A new paper setting out proposals for a future customs relationship with the EU has been unveiled today by the Government in the first of a series of papers on the UK’s future partnership with the EU.

    The document highlights the UK’s strong starting position and how we can build on the strong foundation through two broad approaches:

    A highly streamlined customs arrangement between the UK and the EU, with customs requirements that are as frictionless as possible. This would aim to continue some existing arrangements we have with the EU, reduce or remove barriers to trade through new arrangements, and adopt technology-based solutions to make it easier for businesses to comply with customs procedures.

    A new customs partnership with the EU by aligning our approach to the customs border in a way that removes the need for a UK-EU customs border. One potential approach would involve the UK mirroring the EU’s requirements for imports from the rest of the world where the final destination is the EU.

    The paper also sets out new details on an interim period with the EU. The proposed model, which would mean close association with the EU Customs union for a time-limited period, would ensure that UK businesses only have to adjust once to a new customs relationship. This would minimise disruption and offering business a smooth and orderly transition.

    Read more at www.gov.uk


  • 14 Jul 2017 3:33 PM | Anonymous

    The Government has  introduced the Repeal Bill to Parliament. This represents a significant milestone in the UK’s exit of the European Union. The Repeal Bill will ensure that, once we have left the EU, our laws will not be made in Brussels but in Westminster, Edinburgh, Cardiff, and Belfast. It will allow for a smooth and orderly exit by providing a functioning statute book of domestic law on the day we leave the EU. 

    For businesses and organisations in every sector of the UK economy, the Repeal Bill aims to maximise certainty, clarity and continuity, and ensure a stable transition as we leave the EU. Its purpose is to convert EU law as it applies in the UK at the point of exit, into domestic law that will continue to apply after we leave. The powers in the Bill ensure that, whatever the outcome of negotiations, and, wherever it is practical and sensible, the same laws and rules will still apply to businesses, consumers and workers in the UK on the day after departure. 

    The Bill is therefore about continuity. It is not a vehicle for making changes to the regulatory framework that currently applies to business. In the longer term however, Parliament and, where appropriate, the devolved legislatures, will be able to make changes to our laws after full scrutiny and proper debate. 

    To maximise certainty and to aid preparation, DEFRA has published guidance to businesses and organisations - https://www.gov.uk/guidance/guidance-for-businesses-on-the-repeal-bill - to help explain any changes and answer some of the questions you may have.

    DEFRA will continue to engage with businesses and civil society stakeholders throughout the passage of the Bill and, more widely, on the exit process itself.  

    If you would like to provide feedback or discuss the Bill directly with DExEU (who lead on it overall) , you can contact them at stakeholder.engagement@dexeu.gov.uk.


  • 16 Jun 2017 11:10 AM | Anonymous

    Amazon, the fourth biggest business in the USA, accounting for 43% of online sales, has bought Whole Foods.

    Until now, Amazon has had a limited impact on the grocery market. In the US, it accounts for less than 0.5% of grocery spending, according to GlobalData.

    Whole Foods has had a huge influence on food retail in the US, but recently growth has stalled.  In February, it announced it would close 9 stores in the US after a period of decling sales

    Click below to read relevant articles:

    http://www.gourmetretailer.com/top-story-retailing-amazon_buys_whole_foods-13363.html

    http://marketrealist.com/2017/06/why-did-whole-foods-consider-a-sale/

  • 31 May 2017 5:04 PM | Anonymous
    • Exports of all UK food and drink in Q1 2017 grew to £4.9bn, up 8.3% on 2016 – the largest Q1 exports value on record
    • The UK's top 3 export products remain whisky, salmon and chocolate
    • The top 3 export destinations are Ireland, France and the United States
    • Export growth to non-EU countries grew at a faster rate than those to the EU

    The first quarter of 2017 saw exports of all UK food and drink grow to £4.9bn, up 8.3% on 2016. This represents the largest first quarter exports value on record. The UK's top 3 export products remain whisky, salmon and chocolate. Export growth to non-EU countries (+9.4%) increased at a faster rate than those to the EU (+7.4%).

    Ireland, France and the United States are the top three destinations for UK food and drink in terms of overall value. Positive growth was reported in all top 20 markets, apart from Spain which saw a 21.6% decrease compared with 2016.

    The three export markets that saw the greatest percentage growth in value in Q1 were South Korea (+40.3%), Belgium (+37.3%), and South Africa (+31.2%). Beer was the key driver in export growth to South Korea, while wheat and barley were behind the rise in Belgian exports, and animal feed boosted those to South Africa.

    Exports of salmon saw the largest value growth, up 52.3% in Q1, with wine experiencing the largest increase in terms of export volume, up 13.8%.

    While the fall in the price of the pound had helped to boost UK export competitiveness, this currency weakness has also led to an increase in the cost of many essential imported ingredients and raw materials. This has resulted in the UK's food and drink trade deficit increasing by 19% to -£6.2bn in Q1 2017. The impact of weaker sterling on British exports is expected to be seen in Q3 2017 as companies negotiate new sales agreements with overseas buyers.

    Ahead of the General Election on June 8 FDF has called upon the next Government to recognise strategic importance of UK food and drink and the huge untapped export potential among UK manufacturers. At present only 20% of food and drink manufacturers actively export and FDF wants to work in partnership with Government to scale-up its provision of specialist export support in food and drink.

    See more in the Q1 exports snapshot

    Ian Wright CBE, Director General, FDF, said:

    “The growth of food and alcoholic drink exports we've seen in Q1 is very encouraging news for our industry. We want to work with Government to take advantage of increased demand for UK products overseas and the opportunities that leaving the EU is expected to create. We would encourage the new Government to look to Bord Bia (the Irish Food Board) as inspiration in creating an organisation to help turbocharge sales of UK food and drink globally.

    “It is also very pleasing to see non-EU exports performing beyond expectations. As the UK leaves the EU growth in exports is hugely important to our sector. We hope that with the determination of businesses and the assistance of the new Government, we can open more channels and provide a further boost to the UK's competitiveness on the world market.”

    Elsa Fairbanks, Director, FDEA, said:

    “FDEA welcomes these good food and drink export figures. We would like to see Government further encourage exporting by ensuring producers have the skills and support to enter new, challenging markets post-Brexit.

    We must not ignore the importance of existing and very strong EU markets which still represent 65% of food and drink exports and this must be a priority as Brexit negotiations start. Ease of access to EU markets will continue to be vital to our industry in future as many food and drink products are not suited to export to distant markets. Although we recognise the need to explore new opportunities, leaving the EU should not mean ignoring those we already have”.


  • 26 Apr 2017 1:00 PM | Anonymous

    Food and drink companies will receive advice to begin or accelerate their export journey today with the launch of a new five step guide. Currently only one in five of the UK's manufacturers export which presents a massive untapped opportunity for the industry.

    'Food and drink exporting – Five steps to success' has been developed by the Food and Drink Federation (FDF) and Food and Drink Exporters Association (FDEA).

    The new guide was launched today at an export breakfast for the All Party Parliamentary Group for Food and Drink Manufacturing in Parliament.

    The guide encourages current and would-be exporters to think about the core elements of the export process, answering key questions, and providing useful tips and relevant contacts.

    As the UK leaves the European Union, manufacturers must be prepared if they are to take advantage of new opportunities to sell quality UK-produced food and drink overseas. UK food and drink exports reached a record £20bn in 2016, while branded food and drink exports grew 11.5% to £5.2bn. FDF has set an ambition to help grow exports of UK branded goods by a third by 2020 to more than £6bn.

    In addition to the new guide, FDF has encouraged Government to work with industry to scale-up its provision of specialist food and drink export support by putting in place a one-stop shop to support small and medium-sized exporters.

    The first version of the guide launched in April 2016 was very well received by industry. More than 2,000 copies have been distributed to UK businesses and it has been downloaded more than 3,500 times.

    Angela Coleshill, Competitiveness Director at FDF, said:

    “We hope that our guide will enable more of the UK's 6,800 food and drink producers to grow their businesses by becoming successful exporters. Manufacturers in competing nations typically benefit from more generous government export support than those in the UK, so it is essential that organisations such as FDF and FDEA work together to help unlock our industry's huge potential.

    “While our future trading terms with the EU are unclear, now is the time for British businesses to embrace new opportunities in non-EU countries and take advantage of rising demand to make inroads into new markets.”

    John Whitehead OBE, Director of FDEA, said:

    “There's great interest across the globe in UK food and drink, which continues to possess a reputation for real quality. We'd like to see more manufacturers look beyond their domestic market and take advantage of these opportunities, which can really help businesses grow.”

    Angus MacNeil MP, said:

    "The guide from the Food & Drink Federation and the Food & Drink Exporters Association provides invaluable advice and support that will help more food and drink manufacturers sell their products internationally. As Chair of the International Trade Committee, I value their input, knowledge and understanding of overseas markets.”


  • 06 Apr 2017 4:33 PM | Anonymous

    Sales continue to grow as Americans embrace specialty food and beverages. The industry is taking its place as an integral player with traditional and non-traditional specialty food retailers, foodservice operators, and distributors.

    The Specialty Food Association's (SFA) annual State of the Industry report, issued today, examines the vibrant $127 billion-dollar industry in detail. Largely fueled by small business growth, total sales jumped 15% between 2014 and 2016. Growth is also driven by product innovations and wider availability of specialty foods through mass-market outlets. Sales through foodservice increased 13.7% to $27.7 billion as U.S. consumers make specialty food a regular part of their away-from-home meal purchases.

    "Consumer preferences for specialty food products are growing at double digits, outpacing mainstream food staples." said Phil Kafarakis, President of the Specialty Food Association. "The products our members create appeal to consumers looking for authentic tastes and foods with fewer and cleaner ingredients.

    Read more here

    Source:  Specialty Food Association


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