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EU Customs & Global Trade update - Week 28

More updates from the Offical Journal of the EU, DG TAXUD and DG Trade - essential for any customs and global trade professional.



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Content

  • Summary of the UN Guidance on Overcompliance with Unilateral Sanctions

  • Implementation of EU sanctions against Russia: Commission adopts proposal for “maintenance and alignment” package.

  • ADD on imports of aluminium road vehicles from Morocco

  • This Tuesday: 2nd Joint EU-US Stakeholder Outreach on Dual Use Export Controls

  • Commission sets in motion the process for Ukraine to join the Common Transit

  • Use Transit effectively, efficiently & compliantly - Guide

  • Customs Transit: What is NCTS, and how do businesses use it?

  • Benefits of the EU South Korea FTA

  • EU VAT Experts requested

 
Sanctions

The UN Special Rapporteur has published guidance on the detrimental effects of unilateral over-compliance. We summarise and simplify the report. Read here



EU Sanctions against Russia

Summary: The European Commission has adopted a joint proposal for a new package of measures to maintain and strengthen the effectiveness of the EU's six wide-ranging and unprecedented packages of sanctions against Russia. The package clarifies a number of provisions to strengthen legal certainty for operators and enforcement by the Member States. It will also introduce a new import ban on Russian gold while reinforcing our dual use and advanced technology export controls. Also proposes to extend the current EU sanctions for six months, until the next review at the end of January 2023. More: Sanctions adopted following Russia’s military aggression against Ukraine Q&A



 
ADD

ADD on imports of aluminium road vehicles from Morocco


A provisional anti-dumping duty is imposed on imports of aluminium road wheels of the motor vehicles of headings 8701 to 8705 whether or not with their accessories and whether or not fitted with tyres, currently falling under CN codes ex 8708 70 10 and ex 8708 70 50 (TARIC codes: 8708701015, 8708701050, 8708705015 and 8708705050) and originating in Morocco. The rates of the provisional anti-dumping duty applicable to the net, free-at-Union-frontier price, before duty, of the product described in paragraph 1 and produced is 16,5 % except for one company.


 
Export Controls

EU and US organise a new business event. 2nd Joint EU-US Stakeholder Outreach will exhibit TTC WG7 Export Control's progress since October 2021. WG7's focus has shifted because to Russia's invasion of Ukraine. This led to increased export bans and sanctions, which were debated in June. At this event, we'll hear from stakeholders on upcoming projects. Business, academics, and civil society will be able to discuss export control cooperation with EU and US officials. Date: Tuesday, July 19, 2022, from 16:00 to 18:00 (CET) – 10:00 to 12:00 (EST). Venue: Virtual meeting


 
Transit

On 15 July 2022, the Commission put forward a draft EU proposal for Ukraine to be invited to join the Common Transit Conventions (CTC).

Summary: The European Commission has adopted a draft EU proposal for Ukraine to be invited to join the Common Transit Conventions (CTC). The CTC is an international framework for the customs transit of goods that ensures simplified procedures between the EU and partner countries. Once endorsed by the Council, the EU's position will be put forward to the EU-CTC Joint Committees, which can then formally invite Ukraine to join.


Moving goods under Transit to reduce border clearance delays. We explore what traders need to know and consider moving goods successfully under transit.


If you want to move goods through another country other than your own, use NCTS to ensure you don't pay duty or tax

 
FTA


The EU-Republic of Korea Trade Agreement has led to an impressive growth in bilateral trade of more than 50%, reaching over €110 billion. Trade in goods grew by 46% from 2010 to 2020, almost twice as fast as EU trade with countries that do not have a trade agreement with the EU. The EU remains the biggest source of foreign direct investment (FDI) in the Republic of Korea, representing 37% of the country's total FDI stock. The EU and the Republic of Korea reached an agreement in April this year on the extension of the list of geographical indications (GIs) protected by the EU-Republic of Korea Trade Agreement. The agreement had already protected 163 EU GIs and 63 GIs from the republic. This adds 43 new EU products and 41 from the Republic, including Irish Cream and Kalamata olive oil. The EU-Republic of Korea trade agreement has allowed the Republic of Korea and the EU to trade more easily, and Maersk has been supporting that growth with their logistics services. Exports of Mercedes-Benz cars grew from 16,000 in 2010 to over 75,000 cars in 2020, and exports of French wines increased by 26% in volume. The Republic of Korean has ratified three fundamental International Labour Organization Conventions (ILO), amended its legislation and adopted guidelines aiming to bring its trade union legislation in compliance with ILO principles. See more here



 
VAT


On 5 July 2022, a call for applications for members in the VAT Expert group was published. Applications must be sent by 5 August 2022 at the latest.



Sources

22/06/2022

15/07/2022 L188 C272 C273

14/07/2022L187 C271 C271A

13/07/2022L186 C269 C270

12/07/2022 L185 C267 C268

11/07/2022L184 C265 C265A C266

+ DG trade and DG Taxud


If you have any questions about this update, please let us know.

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