Operators may request a binding information decision from the relevant customs authorities in the EU, in order to obtain certainty about the application of customs legislation in respect of the tariff classification or the origin of imported goods across the EU. Currently, EU customs legislation does not facilitate the issuing of a binding information decision in respect the value of imported goods. This can present real challenges for importers where customs authorities across the EU adopt differing approaches on customs valuation matters, which is not uncommon, particularly for the most complex valuation matters (e.g. treatment of royalties/licence fees, assists, transfer pricing adjustments, etc.).
The Trade Specialised Committee on Customs Cooperation and Rules of Origin (the “Committee“) is scheduled to meet for the first time on Thursday 7 October. The joint EU/UK Committee was established by the EU-UK Trade and Cooperation Agreement (“TCA“) with the role of monitoring and reviewing the consistency in implementation of the TCA Rules of Origin across the EU and the UK as well as related enforcement, and to provide a joint forum for discussing related technical issues.
Following the entry into force of the new EU Dual-Use Regulation 2021/821 last month (see also our recent post), the EU has introduced new document codes that need to be used on EU customs export declarations for exports and transits of dual-use items.
Notably, specific codes now apply depending on the relevant (type of) authorisation/licence. The old code “X002” (which was previously valid for all dual-use authorisations) has been replaced and cannot be used anymore.
On 25 August 2021 the EU Commission published guidance on the transitional rules of origin in the pan-Euro-Mediterranean area. The EU is currently amending 21 origin protocols within the pan-Euro-Mediterranean area by implementing an alternative set of rules of origin which will apply alongside the rules of the Regional Convention on pan-Euro-Mediterranean preferential rules of origin.
The Recast Dual-Use Regulation published as Regulation 2021/821 entered into force on 9 September 2021. EU producers of dual-use goods now face new export control rules, which we have analyzed in further detail in a recent post. For more detail on the Regulation, please contact Alex Phillips to receive our full client alert and analysis.
In December 2019, the European Commission launched the Green Deal, a comprehensive sustainability strategy with specific measures to make Europe climate neutral by 2050. According to the International Air Transport Association (IATA), commercial aviation is responsible for 2-3% of the global carbon emissions. In terms of the European Union, aviation accounts for 3% of the EU’s total greenhouse gas emissions. Due to the steady increase in emissions in the aviation sector since 1990, action in this area to address climate change is essential.
Belarus-related sanctions restrictions were recently introduced by the United States, the European Union, the United Kingdom, Canada, Switzerland and Ukraine. The objective of newly introduced sanctions is to mount international pressure against the current oppressive regime in Belarus by preventing international companies from doing business in selected economic sectors of this country.
This edition takes a bite-size look at the different rates of progress of environmental, social and governance (ESG) regulation and voluntary standards across the European Union, Hong Kong SAR, Japan, Singapore, the United Kingdom and the United States.
On 1 July 2021, the majority of the provisions in the UK’s Ecodesign for Energy-Related Products and Energy Information Regulations 2021 came into force ensuring the UK’s Ecodesign regime remains aligned to the EU’s regime post-Brexit. It introduces tighter rules for how much energy white goods, such as washing machines, can use and sets out new ‘right to repair’ rules which impose a legal obligation on manufacturers to make spare parts and repair and maintenance information for particular appliances available in order to facilitate repairs. Manufacturers will have to incorporate ‘reparability’ into their designs and processes to ensure compliance with the new rules.
On 13 July 2021, the EU Council of Ministers approved the national recovery and resilience plans (RRPs) of 12 Member States. These Member States are now able to tap into the EU recovery and resilience funding. This will allow them to start spending the money on projects and reforms for national economic recovery and resilience, as well as the green transition and digital transformation.