BIFA News
Forum tackles things that matter to business leaders
UK secures membership of Trans-Paci fi c Partnership The UK has secured the sixth and fi nal rati fi cation required to trigger our accession to the Comprehensive and Progressive Agreement for Trans-Paci fi c Partnership (CPTPP) before the end of this year. CPTPP is a free trade area spanning five continents and almost 600million people once the UK joins. Following Peru’s ratification of the UK’s deal to join the bloc, the agreement will now officially enter into force by 15December 2024. More than 99% of current UK goods exports to CPTPP members will be tariff-free once the deal enters into effect. By 2040, the agreement could boost the UK economy by around £2billion annually. Before Peru, five other CPTPP members ratified the terms of the UK’s accession: Japan, Singapore, Chile, New Zealand and Vietnam. This means the agreement will come into force with those members by 15 December, and subsequently with other members as they ratify.
This month, Steve Parker leads the fourth BIFA Business Leaders Forum – will you be there? Since being introduced in early 2023 the BIFA Business Leaders Forum events have grown in popularity and are knowledge and discuss issues directly affecting the industry. At this month’s event in central London, speakers will cover a wide range of topics: Session 1 - Maritime MATTERS! In our opening session, we dive into the issues affecting the global maritime shipping industry with contributions from shipping and forwarding representatives. During an open discussion, the background to the issues will be examined alongside the actions being taken by shipping lines to mitigate recognised as a great opportunity to share disruption. Finally, we will look at the protections offered by the BIFA STC to the forwarder in these instances. Session 2 – The EU Entry/Exit System – Are our Channel Ports ready? The EU EES will affect ALL individuals travelling into and out of the EU from the UK, regardless of whether they are
Session 5 – BIFA + ITN Steve Parker, BIFA director general, will round off this Business Leaders Forum with some important updates on your membership benefits for 2025 and exciting news on the ITN ‘Transforming Logistics: Precision & Purpose’ programme. The event will end with the opportunity to network over lunch. BOOK NOW! Spaces are limited and there are just a handful of tickets left. Visit www.bifa.org/events or scan the QR code to reserve your place.
travelling for business or pleasure. This session will explain the new border processes and what you can do now to avoid delays. Session 3 – Revolutionising Trade Compliance with AI In this session, the founder of icustoms, Adnan Zaheer, will show how forwarders can streamline complex processes and unlock significant time and cost savings through the power of AI. We will also hear from specialist maritime solicitor Bruce Hailey of Salvus Law who will examine the legal implications and impact on the BIFA STC. Session 4 – Inspiring the next generation Phil Roe of Generation Logistics joins us to showcase the initiatives taking place across the industry to inspire the next generation of talent.
The Limits of Liability for Carriers
In association with
By air – Warsaw Convention (17 SDR): £17.39 per kg
By sea – Hague Visby rules (2 SDR): £2.05 per kg £681.78 per package
BIFA STC: (2 SDR): £2.05 per kg
By road – CMR (8.33 SDR): £8.52 per kg
Insurance for the Marine & Logistics industries
(The SDR rate on 18 September 2024, according to the IMF website, was 1.02267)
By air – Montreal Convention (22 SDR): £22.50 per kg
+44 (0) 1628 532613
macbeths.co.uk
October 2024 | 7
www.bifa.org
Made with FlippingBook Annual report maker