Global trade news
Overview of the latest customs news
Brexit: political deal on movement of goods during transition period
28 March 2018
The EU and UK negotiators reached a political deal on parts of the legal text of the Withdrawal Agreement, covering citizens’ rights, the financial settlement, various other withdrawal issues, and the terms of a transition period, which would run to 31 December 2020. On 19 March 2018, the European Commission published a Draft Agreement on the withdrawal of the UK from the European Union (“EU”) and the European Atomic Energy Community (hereinafter the “Draft Agreement”). The Draft Agreement can be consulted via this link.
Note: The text upon which the negotiators have found an agreement is marked in green. In yellow the negotiators agreed on the policy objective. Text without mark-up indicates no agreement has yet been found between the negotiators.
There are still a number of open issues on which agreement must be reached, most notably in relation to the Irish border, before the Draft Agreement is finalised. It must also then be ratified.
Expected Anti-Dumping and Anti-Subsidy probes to start in Steel and Aluminium Sectors
12 January 2018
The steel and aluminium industry worldwide is under intense pressure. The global overcapacity fuelled by China’s 50% share in the world’s production gives rise to continued disruption in the international marketplace by increased exports, depressing prices and a subsequent increase in trade barriers and remedies.
The battle around steel and aluminium trade defence mechanisms escalated over the past days with aggressive US-led trade actions and unprecedented multiple investigations in Europe.
New EU Anti-Dumping Rules in force: Implications for China
19 December 2017
On 19 December 2017, an important change to EU anti-dumping rules has been published in the Official Journal of the European Union. The new rules will have significant consequences on dumping determination and resulting anti-dumping duties in future cases targeting imports from China.
New ‘Exporter’ definition in the Union Customs Code
29 April 2016
Discussions took place over the last months, at the level of the European Commission, on the new definition of ‘Exporter’. The European Commission recently provided the final version of a guidance note entitled 'Guidance on export and exit from the European Union'. The Belgian Customs Authorities have also published further clarification on how this new definition should be interpreted.
Decrees on direct and indirect customs representation published
7 April 2016
The long expected Royal and Ministerial decrees on direct and indirect customs representation were published on 6 April 2016:
- Royal Decree of 13 March 2016 establishing the customs procedures and the modalities for which direct and indirect representation can be applied (O.J. 6.04.2016, 22724 – 22725)
- Royal Decree of 13 March 2016 establishing the requirements for managing the register for customs representatives, the proof of sufficient knowledge of customs, VAT and excise regulations and professional qualifications to act as a customs representative (O.J. 6.04.2016, 22726 - 22731)
- Royal Decree of 18 March 2016 establishing the conditions under which the enrolled persons in the register for customs representatives may be registered in said register (O.J. 6.04.2016, 22732 – 22733)
Delegated and Implementing Act of the UCC published
8 January 2016
On 29 December 2015, the Implementing Act adopted by the Commission on 24 November 2015, and the Delegated Act adopted by the Commission on 28 July 2015, were published in the Official Journal of the European Union (L343). Their entry into force is scheduled for 18 January 2016, the 20th day following publication date. However, the provisions of both regulations will only apply as from 1 May 2016 to enable the full application of the Union Customs Code (UCC).
Is your supply chain UCC-proof already?
4 February 2015
As readers may know, a very exciting period regarding European customs law is on the horizon.
On 10 October 2013, the Regulation (EU) No 952/2013 of 9 October 2013 laying down the Union Customs Code was published in the European Official Journal (OJ L 269, 10 October 2013, p. 1 – Corrigendum OJ L 287, 29 October 2013). Its substantive provisions will only apply from 1 May 2016, once the UCC-related Commission acts (Delegated and Implementing Acts) are adopted and in force and this no later than 1 May 2016. Time is therefore limited for adapting to this new legislation.
Many changes will take place, affecting all internationally oriented businesses.