UK Issues Guidance on Export Finance, Insurance During COVID-19 Pandemic
The United Kingdom’s Department of International Trade issued guidance to U.K. exporters and companies about applying for export finance and insurance to continue trading during the COVID-19 pandemic, the DIT said in an April 6 notice. The agency said it…
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sent the guidance to 160,000 exporters and investors, which includes information on available “financial support” for companies impacted by the virus. “DIT stands ready to provide assistance with customs authorities to ensure smooth clearance of businesses’ products, and to offer advice on intellectual property and other issues with business continuity,” the agency said. U.K. companies are eligible to receive export insurance when trading with the European Union, the U.S., Japan, Australia, New Zealand, Canada, Iceland, Norway and Switzerland, the notice said.