General Agreement on Tariffs and Trade (GATT)
The agreement was designed to provide an international forum that encouraged free trade between member states by regulating and reducing tariffs on traded goods and by providing a common mechanism for resolving trade disputes. GATT membership now includes more than 125 countries.
General Valuation Statement (GVS)
Form used as a "season ticket" in place of individual valuation declarations.
Generalised system of preferences (GSP)
A full list of countries participating in preference schemes found in the Tariff.
Group of 7/8 (G7/8)
The world's largest trading countries. The members of the G7/8 are Canada, France, Germany, Italy, Japan, Russia, UK and United States.
Groupage
This allows exporters of small consignments to gain the benefits of containerisation. A freight forwarder undertakes to group together different exporters' consignments to fill a whole container for a particular destination.
Guarantee
The financial security required for some warehouse premises, some customs procedures and all movements of duty-suspended excise goods from an excise warehouse. Administered by the Financial Securities Centre (FSC).
Guaranteeing associations
Organisations that are approved by HM Revenue & Customs (HMRC) to issue Transports Internationaux Routiers (TIR) Carnets.