Environment protection is one of the key factor of the European trade policy. This requires a strong due diligence for the import of relevant commodities and the export of relevant product to prevent deforestation and forest degradation linked to cattle, cocoa, coffee, oil palm, rubber, soya and wood trade and deployment.
From the other side, from October 2023 the reporting required by the Carbon border adjustment mechanism will enter into force for the import of cement, iron and steel, aluminium, fertilisers, electricity and hydrogen.
CBAM implies a good management of the following customs aspects required for the AEO:
- The customs classification will play an important role to well identify the goods;
- The imported goods will be qualified also by their intrinsic customs value (according to EU Reg. 2015/2446);
- To own the status of authorized importer/declarant the economic operator has to meet with some criteria very similar to the ones required by AEO ( financial solvency; no serious fines for infringements of customs and tax regulations);
- The obligation of certify the quality and quantity of “embedded gas” in the imported good will cover also the final products cleared in EU under an inwards process relief;
- CBAM is classified as one of the “EU financial interests”. It means that the economic operator-as already did for the customs duties- has to implement internal procedure about how to avoid frauds and infringements (the legal reference is the EU directive 2017/1371 of 5.7.2017)