Brexit has given rise to a significant increase in customs representation in the EU and more particularly for non-EU established entities. Many UK companies, who no longer qualify as established in the EU, were required to appoint indirect representatives to import goods on their behalf into the EU market. Indirect representation means that the party clearing the goods and submitting the declaration is jointly liable for the content of the declaration and the customs debt…
The UK government has introduced a bill to help bring into force the UK-Australia and the UK-New Zealand Free Trade Agreements (“FTAs”). The bill is a key step in ratifying the FTAs but before they come into force, Parliament must scrutinise the FTAs, agree the bill and pass secondary legislation to make the changes required to the UK’s procurement regime to meet the terms of the FTAs. The FTAs will remove tariffs on all goods…
Baker McKenzie’s Global Compliance News Blog published “Europe: European Commission adopts a proposal of Directive on Corporate Sustainability Due Diligence,” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Italy: Publication of Annex 21 to the Good Manufacturing Practice Guidelines on the import of medicinal products,” which can be viewed here.
In 2014, Ukraine and the EU signed a free-trade agreement in the form of an Association Agreement that contains a Title IV which relates to trade and trade related matters and has been applied since 1 January 2016. Article 29 of the Association Agreement provides for the progressive elimination of customs duties in accordance with the schedules included in the agreement and envisages the possibility to accelerate and broaden such elimination. Following a request of Ukraine,…
The Customs Expert Group of the European Commission’s DG TAXUD on ‘Import and Export formalities’ met on 16 March 2022. The minutes of the meeting have been released on 25 April 2022. Several topics were discussed, notably the following subjects: The new guidance on the Interpretation of Article 173 of the Union Customs Code (UCC) on the amendment of the customs declarations: in this guidance, it will be reminded that the customs declaration should reflect…
Representatives of the EU and New Zealand held negotiations from 14 to 31 March 2022, discussing most areas of the future free trade agreement between the jurisdictions. According to a two-pager published by the European Commission, EU’s request to be exempt from New Zealand’s import customs fees is the only outstanding element in the text as far as the topic “Trade in goods” is concerned. Various items remain open in respect of Rules of Origin…
Baker McKenzie’s International Commercial & Trade Blog published “Argentina: Plenary ruling of the tax court on export duties ignores the Supreme Court precedent” which can be viewed here.
Baker McKenzie’s Global Compliance News Blog published “Australia: Clarification on quality standards, use of synthetics, and labelling and packaging requirements for medicinal cannabis products,” which can be viewed here.
Baker McKenzie’s InsightPlus published “Switzerland: ESG reporting and due diligence requirements — an update for Swiss companies” which can be viewed here.