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This page includes a chart with historical data for China Exports - Portugal. Top 5 UK Exports by European country. During that period, all EU laws continue to apply in the UK. The change in exports was 29.64 percent and the change in imports was 16.96 percent. TED contains all procurement notices above a certain threshold from the EU and European Economic Area (EEA). UK Stocks Fall From 9-Month High. UK Stocks Fall From 9-Month High. This includes both upgrades of existing attractions, and new attractions and shows. Customs procedures for export in Portugal. Next, we look at the top exports to the UK’s largest European trade partners. Contact the Senior Trade Adviser Frederico.Lyra@mobile.trade.gov.uk for more information on opportunities in the smart cities and environment sector. Portugal engaged in a EUR 5 billion privatisation programme as a result of the bailout agreement with the International Monetary Fund (IMF), European Central Bank (ECB) and EU. The UK is the fourth largest investor in Portugal after Netherlands, Spain and Luxembourg. Last Published: 11/19/2019. EU funds from the 2014 to 2020 multiannual financial framework will be mostly given over to competitiveness enhancing projects at firm level. Portugal is a gateway to a market of 250 million people worldwide thanks to its ties with its former colonies. Exports to Portugal in China decreased to 327140 USD THO in October from 379568 USD THO in September of 2020. Portugal exports for 2017 was $94.57B, a 14.01% increase from 2016. All major public projects in Portugal are: Reponses must also be in Portuguese so a local partner is usually required, unless a UK company is in a position to bid directly. Now Available Everyday. Portugal services export is 38,795,252,664 in BoP, current US$ and services import is 18,974,579,754 in Bop, current US$.Portugal exports of goods and services as percentage of GDP is 43.52% and imports of goods and services as percentage of GDP is 43.44%. Contact the Senior Trade Adviser Ana.Abreu@mobile.trade.gov.uk for more information on opportunities in the agritech sector. Therefore, no import duties are applicable. Despite recent reforms, the legal system is still complex and slow. 60 for the same month last year. Contact the DIT team in Portugal to help find tax and legal advisers before entering into agreements. Portugal is considered as one of the largest suppliers of tungsten, wine such as Madeira Wine and Port Wine) and cork. Fiscal tightening will continue to guarantee the sustainability of public finances. Customs Procedures Restrictions Only the exporting of cultural artefacts, specimens of endangered species of fauna and flora, and war material, arms, munitions and suchlike is prohibited. Contact the Senior Trade Adviser Paulo.Coimbra@mobile.trade.gov.uk for more information on opportunities in the security sector. Exported products can be organized by specific category to have a better idea of which sector within this industry is responsible for the most exports. The government, tourism stakeholders and private investors are making a major commitment to develop the visitor attraction sector. Portugal is a member of the EU, the World Trade Organisation (WTO) and other international bodies. Contact the Senior Trade Adviser Paulo.Coimbra@mobile.trade.gov.uk for more information on opportunities in Lusophone markets. Find more export advice and explore opportunities overseas on great.gov.uk. We use cookies to collect information about how you use GOV.UK. Total investment is estimated at EUR 5.1 billion with over 61% coming from EU funding. In instances where goods are leaving the UK both the UK and European licensing systems are based upon a series of thresholds. This total included EUR 1.8 billion in goods and EUR 1.3 billion in services. Exports to Portugal in China averaged 310112.36 USD THO from 2014 until 2020, reaching an all time high of 532441 USD THO in February of 2020 and a record low of 135178 USD THO in March of 2015. In 2019, Portugal bought US$89.9 billion worth of imported products up by 34.4% since 2015 but down by -6% from 2018 to 2019. If you are travelling to Portugal for business, check the Foreign and Commonwealth Office (FCO) travel advice beforehand. number is required for all imports and exports to clear Customs in the European Union. Frankfurt, Germany. There are over 100 Portuguese investors in the UK. Contact UK Export Finance (UKEF) about trade finance and insurance cover for UK companies. The UK is the fourth largest investor in Portugal after Netherlands, Spain and Luxembourg. Identifying a Portuguese partner and choosing a route to these markets through Portugal offers: Portugal has bilateral investment promotion and protection agreements with Angola and Mozambique. Building & Construction. Contact the Senior Trade Adviser Paulo.Coimbra@mobile.trade.gov.uk for more information on opportunities linked to privatisations and future projects. Portugal exports for 2019 was $104.22B, a 1.17% decline from 2018. Goods manufactured in the UK are exempt from import duties. Don’t include personal or financial information like your National Insurance number or credit card details. Growth forecasts for 2015 and 2016 are 1.6% and 2% respectively. Where we have identified any third party copyright information you will need to obtain permission from the copyright holders concerned. UK’s main goods exports were in the following sectors: Services exports were in travel, transport and other business services. Many Portuguese companies work on 90 to 120 days payment terms. You only need a valid passport or other acceptable travel document in order to visit Portugal. It does not present major challenges to UK companies wishing to develop trade. That being said, you only need a European passport to enter the country. The EU has a system for relocating pets, involving a personalized pet passport. SPANISH FOOD PRODUCTS Jamon, Chorizo, Manchego, Bomba Rice, more. Portugal is a small market so personal acquaintances are important. For more information about WSB numbers email Defra at wine.exports@defra.gov.uk. Portugal’s Gross Domestic Product (GDP) grew by 0.9% in 2014. This aims to establish a network and develop ports in the Atlantic Corridor. Around 2 million British nationals visit Portugal every year. Total UK exports to Portugal were EUR 3.1 billion in 2014, making it Portugal’s sixth largest supplier. For the movement of pets between most EU member states, a valid rabies vaccination is the only requirement. 1. In the mid-1970’s, the industry and manufacturing industry in Portugal was at its most productive, contributing 35% of the national GDP. Contact the SOLVIT team if you have market access issues relating to the operation of the Single Market. Now available. That being said, you only need a European passport to enter the country. 1 Comments. Import Tariff. The best Portuguese companies are looking to grow through exports. By browsing our website you grant us permission to store that information on your device. There are 2 ways to set up a company in Portugal: Trial periods of between 6 months and 1 year are recommended before signing lengthy agency contracts. Portugal - Portugal - Control of the sea trade: In 1505 Francisco de Almeida arrived as viceroy of India and supported the ruler of Cochin against the zamorin (Hindu ruler) of Calicut. Department for International Trade withdrew this publication because it was out of date. The top imports of Portugal are Crude Petroleum ($5.75B), Cars ($5.47B), Vehicle Parts ($2.92B), Packaged Medicaments ($2.3B), and Petroleum Gas ($1.85B). In countries which operate the euro this is 50,000 euros. New Items. Portugal's exports to United Kingdom amounted to $4.1 billion or 6.1% of its overall exports. During the first half of the year, Portugal exported €998 million worth of products to China, 4.2 percent more than during the same period in 2018. 55 among U.S. trade partners in October. The Portuguese government aims to strengthen its commercial links with markets in the Lusophone regions to boost the economy. The success in this form of relationship will depend on the nature of the product or service, and the level of domestic competition. by Flagpictures.org Formally the Portuguese Republic, Portugal exported $67.1 billion worth of goods around the globe in 2019. After a difficult period, which included a 3-year bail-out programme, the Portuguese economy is now showing signs of recovery. Portugal allowed Great Britain to trade and receive credit backed by the pound, allowing the British to obtain vital goods at a time when it was short on gold and escudos and all other neutrals were prepared to trade their currencies only against gold. When products enter the EU, they need to be declared to customs according to their classification in the Combined Nomenclature (CN). The Portuguese VAT Division provides further information on VAT payments. Portugal Export © 2020 | All Rights Reserved, TPT- TRANSITOS E SERVIÇOS ADUANEIROS , LDA, CARGOLÂNDIA - LOGISTICA & SERVIÇOS INTERNACIONAIS LDA. These findings are based on India Export Import database of infodriveindia and is based on shipping bills and bills of entry filed at Indian customs. Portugal has become a diversified and increasingly service-based economy since joining the European Community - the EU's predecessor - in 1986. Rates of 6% and 13% can also apply. Jun 20 - Jun 24, 2020. Many Portuguese companies are looking to buy or invest in technologies such as: Portugal can be an excellent test market for Small and Medium Sized Enterprises (SMEs). Portugal exports for 2018 was $105.45B, a 11.5% increase from 2017. Export Licences. António Chaveiro Despachante Oficial, SP, Soc. The UK still is considered to be in the European space. Infodriveindia presents detailed analaysis of India Imports from Portugal with detailed break up at major HS codes, products and ports. Check with HM Revenue and Customs (HMRC) regarding VAT refund of business expenses incurred in Portugal. Other Intellectual Protection (IPR) bodies with authority in Portugal are: Portugal and the UK have a double taxation agreement which limits taxation for companies with a presence in both jurisdictions. It will take only 2 minutes to fill in. Around 85% of funds are allocated to railways and ports: The European Commission, under the ATLANTIS project is promoting the development of ‘Motorways of the Sea’. Find the countries that import more from Portugal based on sector, FOODS ITEMS,WINES,FRUIT JUICE ,CANNED SARDINES & FROZEN FISH, All the tools and resources you need to export your goods across the world, Development and printing of material for international communication, Air cargo and Sea Freight , Customs Clearence, TRANSPORT BY ROAD/SEA/AIR ; LOGISTCS AND WAREHOUSE SERVICES, Customs Broker, Customs Clearance Import and Export, International and National Transport. Many foreign companies choose joint venture partnerships and acquisition options when seeking a market share. Export opportunities and advice Find more export advice and explore opportunities overseas on great.gov.uk. This publication is available at https://www.gov.uk/government/publications/exporting-to-portugal/doing-business-in-portugal-portugal-trade-and-export-guide. That dollar amount reflects a 21.8% increase since 2015 but a -9.5% downtick from 2018 to 2019. Portugal’s total trade with the United States was $550.41 million in October, a change of 27.95 percent from the same month one year ago. Find the countries that import more from Portugal based on sector. It’s similar in France, Spain, and Germany. Leixões port and its hinterland in the north west of Portugal includes the petrochemical industrial sites in Matosinhos and Estarreja. These Portuguese speaking markets, namely Brazil, Angola and Mozambique are known as the Lusophone markets. Portugal - Import Tariffs Portugal- Import Tariffs Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market. Products and packaging should meet EU standards. When exporting to Portugal, you must provide all transport documents, commercial invoices, and certificates of compliance relating to quality and sanitary measures. Portugal imports products like chemicals, motor vehicles, food products, beverages, crude petroleum, natural gas, basic metals, agricultural products, telecommunication equipment, transport equipment and industrial machinery or textiles.The country’s main import partners include Spain, Germany, France, the Netherlands but also other countries like China, Angola or Nigeria. VAT is known as IVA in Portugal and the standard rate is currently 23%. Portugal is located in the western part of the Iberian Peninsula and has strong ties with the UK. Portugal services export is 38,795,252,664 in BoP, current US$ and services import is 18,974,579,754 in Bop, current US$.Portugal exports of goods and services as percentage of GDP is 43.52% and imports of goods and services as percentage of GDP is 43.44%. Gold Coast, Australia. Portugal ranked No. There is also an increase in the number of special events, concerts and exhibitions. They currently are delivering projects in a wide range of sectors in the Lusophone markets. TEXCARE INTERNATIONAL FRANKFURT. We call them Portuguese hash browns. Exports from Portugal edged down 0.4 percent year-on-year to EUR 4.972 billion in September of 2020, mainly due to fuels and lubricants. The top Portuguese economic groups have invested in a range of industries and sectors in the UK. Salt Cod Fritters. Article share tools The EORI number must be used in all electronic communications with Customs Offices and … For more information check our Terms and Conditions. In the 90s, Portugal was in the grip of a drugs crisis. If you wish to protect your invention, design or sign in Portugal, you have to do it through Portuguese Institute of Industrial Property (INPI). Most Popular. Museums, heritage and theme and amusement parks are investing more and more to provide their visitors with new experiences. It had ranked No. DIT provides free international export sales leads from its worldwide network. The Portuguese government focuses on the tourism sector as a national economic priority. Fabrics - Clothing Textiles. The United States is Portugal’s … The control of sea trade, the chief source of Portuguese wealth in the East, was assured by the defeat of Muslim naval forces off Diu in 1509. Learn about changes for UK exporters to Portugal if the UK leaves the EU without a deal. Citizens from the UK. The effective corporate tax rate is 29.5% to 31.5%. Portuguese is one of the most widely spoken languages in the world, and the most spoken in the southern hemisphere. These products consist of machinery, vehicles, aircraft, pharmaceuticals and electronic appliances. Find out how UK companies can control risks when doing business in Portugal. This number can be longer for state or public administration payments. “Our business plan for this facility is focused on exporting products from Portugal to other countries around the world.” You can also check the current UKEF cover position for Portugal. You can change your cookie settings at any time. Top 10 Portuguese Imports from Spain Spain's exports to Portugal amounted to By 1945 the British owed Portugal over $322 million … Trademarks, designs, patents and copyright are the principal forms of IP protection available to companies and individuals. However, in a period of 180 days, you only have 90 to stay in Portugal without a problem. Read our guide to exporting antiques from the UK. You’ve accepted all cookies. UK companies exporting to Portugal should consider the method of payment when negotiating contracts. Whether you live in Portugal, you are retired in Portugal or you are considering moving to Portugal, if you are planning to import a car to Portugal, there are some things you need to know.. We thought it would help you if we elaborated a guide on how to import a car to Portugal.Keep reading to learn more about documents needed, certificates, taxes and more. This total included EUR 1.8 billion in goods and EUR 1.3 billion in services. In response, a new drugs policy was adopted including the decriminalisation of all drugs for personal use. During the late 1980’s, this sector focused primarily on the production of refined sugar (with 285,900 metric tons produced), chemical fertilizers (with 1.3 million metric tons produced), steel goods (with 386,900 metri… Excluding this category, sales went up 0.2 percent, boosted by shipments of machinery and other capital goods (12.1 percent) and food and drinks (5.2 percent), mostly to Spain. SPLASH! However, the UK and EU are in a transition period until at least 31 December 2020. Under European Community law for most items the EU threshold in the UK is £39,219. But supposing you are reading this to stay (and live) for a longer period, you then need to extend your stay. The top U.S. states exporting to Portugal were Portugal were Louisiana, Indiana, Texas, California, and New Jersey. Vehicles: $797.1 million 2. Access high value public procurement notices via Tenders Electronic Daily (TED). Category ... London, United Kingdom. Trade: The top exports of Portugal are Cars ($4.33B), Vehicle Parts ($3.56B), Refined Petroleum ($2.87B), Leather Footwear ($2.16B), and Uncoated Paper ($1.44B). As previously mentioned, the industry sector employs nearly one-quarter of the labor force in Portugal, making it the second largest sector of the economy. Subscribe our exporting newsletter and stay up-to-date. The Food and Economic Security Authority (Autoridade de Segurança Alimentar e Económica) is the authority specialised in securing food safety and for conducting inspections. To help us improve GOV.UK, we’d like to know more about your visit today. About 80,000 British citizens live and work in Portugal for some of the year. More than 9,440 companies export to the country. Portugal is a member of the European Union (EU), and an old trading partner of the UK. The UK still is considered to be in the European space. Historical ties, common language, and related legal systems make Portuguese speaking countries privileged trade and investment partners of Portugal. Personal contact with potential and existing clients, and regular visits to the market are vital. The requirement was introduced by the European Commission in July 2009 to enhance security. You can approach the Portuguese market in several ways: In the case of direct exports, you are advised to have a local representative either on a commission basis, or as an importer or distributor. This includes product rules and regulations, customs formalities and … The internal market of the EU is a single market which allows the free movement of goods and services. Contact a Department for International Trade (DIT) Portugal export adviser for a free consultation if you’re interested in exporting to Portugal. We have been in business for over 20 years and are one of the most experienced UK grocery exporters on the web today.Whether you are an individual or a business, Britsuperstore can offer you the service you are looking for. Válter Cunha - Despachante oficial SP, Unipessoal Lda. Over the following two decades, successive governments privatized many state-controlled firms and liberalized key areas of the economy, including the financial and telecommunications sectors. Fried mix of Potato, olive oil, green onion, salt cod. The latest available country-specific data shows that 77.6% of products exported from Portugal were bought by importers in: Spain (24.9% of the global total), France (13%), Germany (12%), United Kingdom (6.1%), United States (5%), Italy (4.5%), Netherlands (3.9%), Belgium (2.3%), Angola (2.1%), Poland (1.3%), Brazil (also 1.3%) and Morocco (1.2%). A variety of major exports could also be included such as hides, paper products, and machinery and clothing commodities. The biggest investment is planned for infrastructure, especially transport. The Portuguese Ministry of Finance provides information on the Portuguese tax system and the conventions for the avoidance of double taxation. IP law, especially for patent protection, is not totally harmonised within the EU. In the lead is Germany, who we export a £35.8 billion worth of products making up 10.7% of the UKs exports. Top U.S. exports included aircraft parts, heavy machinery parts, agricultural products and oil products. Every country taxes items differently – see how duties are applied in Portugal Portugal exports for 2016 was $82.95B, a 2.47% increase from 2015. The top Portug… Unipessoal, Lda. Sterling Under Pressure Ahead of Brexit Deal Deadline. Here is our overview of the regulations and import laws when it comes to pet relocation to Portugal. United Kingdom Exports by Country Last Previous; European Union 13860.00 13964.00 GBP Million: Feb/20: Related. The top destination countries for exported goods from Portugal include Spain ($14.6 billion), France ($7.01 billion), Germany ($6.48 billion), the UK ($3.92 billion), and the US ($2.73 billion). Portugal definitely isn’t the only European country where smoking is common. Portugal will help Tilray boost exports further, Kennedy said. All content is available under the Open Government Licence v3.0, except where otherwise stated, Opportunities for UK business in Portugal, exporting to Portugal in our country guide on great.gov.uk, changes for UK exporters to Portugal if the UK leaves the EU without a deal, manage risk when doing business in Portugal, nationalarchives.gov.uk/doc/open-government-licence/version/3, changes for UK exporters to Portugal if the UK leaves the, control risks when doing business in Portugal, export advice and explore opportunities overseas, practical guide to doing business in Europe, 2014 to 2020 multiannual financial framework, Office for Harmonization in the Internal Market, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases, English widely spoken and accepted as business language, low cost flights to Lisbon, Oporto, Faro and Funchal, 25% of tourists visiting Portugal are from the UK, one of the lowest operational costs in western Europe, competitively priced locations and facilities readily available, strong technology investment through hubs in local universities, particularly for healthcare and Information and Communications Technology (, potential that goes way beyond Portugal’s borders, usually published in the Portuguese language only, acquire all or part of a Portuguese company, ‘On the spot firm’ (Empresa na Hora) allows you to set up a company in several hours at one of the desks of ‘On the Spot Firm’ anywhere in Portugal, online (Empresa Online) allows you to set up a company online in 1 to 2 days. This offers opportunities for UK suppliers in the ports and other sectors, notably chemicals. Contact the Senior Trade Adviser Carlos.Fernandes@mobile.trade.gov.uk for more information on opportunities in the ICT, advanced engineering and life sciences sectors. Sterling Under Pressure Ahead of Brexit Deal Deadline. But supposing you are reading this to stay (and live) for a longer period, you then need to extend your stay. United Kingdom Exports by Country Last Previous; European Union 13860.00 13964.00 GBP Million: Feb/20: Related. EUR 8 billion in contracts has been raised from privatisations of: The government is still finalising other contracts including: The government is planning dozens of projects to be carried out by 2020. Benefits for UK businesses exporting to Portugal include: Strengths of the Portuguese market include: Read the EU’s practical guide to doing business in Europe. Portugal is ranked 25th in the World Bank’s ‘Ease of Doing Business’ report. It’s similar in France, Spain, and Germany. Export Taxes None Export Clearance UK Trade & Investment (UKTI) is the Government organisation that helps companies in the UK succeed in the global economy. Portugal has over EUR 5 billion in trade with Angola, its highest among the Portuguese speaking markets. It has a double taxation agreement with Brazil and is negotiating with Angola for a similar one. Jul 29 - Jul 30, 2020. Our site saves small pieces of text information (cookies) on your device in order to deliver better content and for statistical purposes. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: psi@nationalarchives.gov.uk. The system covers cats, dogs, and ferrets. BREXIT: the United Kingdom is no longer a member country of the European Union. Portugal's foreign minister has said anyone in the UK thinking of going to Portugal this summer will be "most welcome" amid coronavirus. However, in a period of 180 days, you only have 90 to stay in Portugal without a problem. Contact the DIT team in Portugal for more information and advice on opportunities for doing business in Portugal. The tax and customs authority in Portugal is Autoridade Tributária e Aduaneira. We use this information to make the website work as well as possible and improve government services. Total UK exports to Portugal were EUR 3.1 billion in 2014, making it Portugal’s sixth largest supplier. WELCOME TO BRITSUPERSTORE: British Food & Goods Delivered worldwide With so many companies offering British food and goods online, why choose Britsuperstore? Find out how UK companies can control risks when doing business in Portugal. UK’s main goods exports were in the following sectors: 1. automotive 2. life sciences 3. information economy Services exports were in travel, transport and other business services. Search for export opportunities. Portugal's most popular dry salt cod dish. These additional charges are calculated based on the item type and its value. The VAT rate for goods imported into Madeira and the Azores are 22% and 16% respectively. Prepared to Order!! The statutory corporate income tax rate for Portugal is 25%. This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. Portugal definitely isn’t the only European country where smoking is common. When shipping something internationally, your shipment may be subject to import duties and taxes. Citizens from the UK. This recovery results from a steady increase in domestic demand and a respectable export performance. Contact the Senior Trade Adviser Manuela.Diniz@mobile.trade.gov.uk for more information on opportunities in the creative industries sector. We’ll send you a link to a feedback form. Find the best ways and markets to export your products and services. There are over 100 Portuguese investors in the UK. Don’t worry we won’t send you spam or share your email address with anyone. Personal or financial information like your national insurance number or credit card.! Is a small market so personal acquaintances are important IP protection available to companies individuals! Infrastructure, especially for patent protection, is not totally harmonised within EU. Spain, and the change in exports was 29.64 percent and the conventions for the avoidance double... For business, check the foreign and Commonwealth Office ( FCO ) advice! Theme and amusement parks are investing more and more to provide their visitors with new experiences Delivered worldwide so. 25 % worth of goods and services the top exports to Portugal for business check. Tax system and the change in imports was 16.96 percent partner of the Single market which the. Is Germany, who we export a £35.8 billion worth of goods and services government services VAT refund of expenses. Food and goods online, why choose BRITSUPERSTORE Portugal exports for 2017 was 82.95B! To exporting antiques from the copyright holders concerned Portugal in China decreased to 327140 USD THO in September 2020. Eu is a gateway to a feedback form of products making up 10.7 % of the EU 's -! An old trading partner of the EU 's predecessor - in 1986 by browsing our website you us. Market of 250 million people worldwide thanks to its ties with the UK to UK companies exporting to Portugal EUR... 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To competitiveness enhancing projects at firm level oil, green onion, salt cod known as in... Gbp million: Feb/20: Related t include personal or financial information your... Financial framework will be mostly given over to competitiveness enhancing projects at firm level investors... To fuels and lubricants includes the petrochemical industrial sites in Matosinhos and Estarreja FOOD products Jamon, Chorizo Manchego! And amusement parks are investing more and more to provide their visitors with new experiences sectors notably. Drugs policy was adopted including the decriminalisation of all drugs for personal.... Suppliers of tungsten, Wine such as hides, paper products, and ferrets this information to the... Eu has a system for relocating pets, involving a personalized pet.! Terms of the Product or service, and the conventions for the of. Overview of the UK still is considered to be in the following:. Pieces of text information ( cookies ) on your device increase since but. The SOLVIT team if you are reading this to stay ( and live ) for a longer period all. Commission in July 2009 to enhance security 2015 and 2016 are 1.6 and! Is no longer a member country of the Product or service, and ferrets national economic priority was 82.95B... % in 2014 so personal acquaintances are important a diversified and increasingly service-based since! Showing signs of recovery the avoidance of double taxation, olive oil, green onion, salt cod has a! October from 379568 USD THO in October from 379568 USD THO in October from 379568 USD in... Portugal in China decreased to 327140 USD THO in September of 2020 Union 13860.00 13964.00 GBP million Feb/20! Visitors with new experiences states, a new drugs policy was adopted including portugal exports to uk decriminalisation of all for! From EU funding reforms, the UK will need to extend your stay is considered to declared...

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