On 13 December 2022, a provisional agreement has been reached between the EU Council and the European Parliament on the Carbon Border Adjustment Mechanism (CBAM). This mechanism will be set up to align the price of carbon for EU products covered by the EU Emission Trading Scheme with the price of carbon for imported goods from outside the EU. CBAM will contribute to ensure that the climate efforts of the EU are not undermined by shifting EU production to countries with less ambitious climate ambitions.

Latest Customs Audit and Enforcement Trends in Europe and the United Kingdom

In this session, our speakers discuss the legal framework and practical issues related to customs audits in Europe and the United Kingdom, areas of importance for EU and UK customs authorities during audits, and how to effectively prepare for and navigate customs audits. They also share key EU and UK customs enforcement updates and priorities, to include the latest developments relating to forced labor laws.

Welcome to our Virtual Year-End Review of Import/Export and Trade Compliance Developments Conference resource center. Baker McKenzie’s international trade compliance lawyers from around the world discussed the major global legislative, judicial and administrative activities and trends in export controls, trade sanctions, customs compliance, and import requirements in nine 75 minute sessions which took place from 15 to 17 November 2022.

The Annual Compliance Conference begins next week and attracts over 6,000 in-house senior legal and compliance professionals from across the world. This leading compliance conference will be held across five weeks from 6 September – 6 October 2022. We will be virtually delivering our cutting-edge insights and guidance on key global compliance, investigations and ethics issues. Our global experts will provide practical insights and analysis on significant developments:
• anti-bribery
• corruption and economic crime
• customs and FTAs
• ESG, supply chain and product compliance
• antitrust and competition
• export controls, sanctions and foreign investment

Click here to view the full agenda and register your interest in joining us virtually at this must attend global compliance conference for senior in-house legal and compliance professionals.

Annual Compliance Conference

Our popular Annual Compliance Conference, which attracts over 6,000 in-house senior legal and compliance professionals from across the world, will be held across five weeks from 6 September – 6 October 2022. We will be virtually delivering our cutting-edge insights and guidance on key global compliance, investigations and ethics issues. Our global experts will provide practical insights and analysis on significant developments across:
– anti-bribery
– corruption and economic crime
– customs and FTAs
– ESG, supply chain and product compliance
– antitrust and competition
– export controls, sanctions and foreign investment

Click https://www.bakermckenzie.com/en/insight/events/2022/10/annual-compliance-conference to register your interest in joining us virtually at this must attend global compliance conference for senior in-house legal and compliance professionals.

In the midst of regulatory developments, increased enforcement and greater coordination amongst customs and transfer pricing regulators, businesses need to stay abreast of the latest considerations with respect to the interaction between transfer pricing and customs valuation within their supply chain.

In the session on 23 June, senior tax and transfer pricing professionals will share their observations on the latest customs and transfer pricing developments in the EMEA region and provide practical guidance on how to mitigate risks on these issues.

Baker McKenzie’s Sanctions Blog published the alert titled Additional duties on goods originating in Russia and Belarus as of 25 March on 1 April 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Recently the EC has published an update to its “Guidance on non-preferential rules of origin”. The prior version dates back to December 2018. The update mainly provides further clarification of the various assessments that have to be made to verify whether a product falls in scope of the non-preferential rules of origin.

Baker McKenzie’s Sanctions Blog published the alert titled EU Imposes new Iron and Steel import restrictions from Russia and denies Russia Most Favored Nation status on 17 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

Baker McKenzie’s Sanctions Blog published the alert titled UK denies Russia access to Most Favored Nation status and announces the imposition of new import tariffs on hundreds of Russian products on 17 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.