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A Company Who Supply The Aerospace Industry With Components For Aero Structures Essay

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Introduction My current role is with a company who supply the aerospace industry with components for aero structures, aero engines and other primary functions, our customer base is for both civil and defence applications. We as a group company have production facilities both in the United Kingdom and India and our supply is worldwide. Because of the nature of our business all aspects of customs regulations and procedures are in one way or another applicable and can have a bearing on the end cost of a product and the likely outcome of supply. Import duties can have an adverse effect on the end cost to the customer so these need to be taken in to account when presenting any quotes or tenders for work. The country of origin can be an issue with some of our customers as on occasion there has been expressed a reticence to trade with Indian produced products. The WTO and WCO guidelines and agreements on Rules of Origin allow us to move forward with contracts by dual production, this enables the company to produce products to a certain state of completion in India, then import to the UK branch and finish production giving the component a UK origin. Knowledge of the rules of origin agreed by the WTO alongside any Free Trade or Regional Trade agreements is necessary to evaluate the required work or percentage increase in value, or significant change in appearance to change the commodity code to enable this to be possible. Where the WTO gives the guidelines for world trade for

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