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1 February 2025: EU-Chile Interim Trade Agreement (ITA) will enter into force. New rules for trade and proferential origin
From 1 February 2025 EU-Chile Interim Trade Agreement (ITA) will enter into force. It is stated by the “Notice concerning the date of entry into force of the Interim Agreement on Trade between the European Union and the Republic of Chile” n. 17113/24 for which “ The Interim Agreement on Trade between the European Union and the Republic of Chile1, signed in Brussels on 13 December 2023, will enter into force on 1 February 2025” published on 20 Decembre 2024. In a nutshell, for what it is concerning the preferential origin the main changes are: Replacement of the EUR.1 movement certificates and the invoice declarations issued in accordance with the…
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Since the 6 December 2024 Free trade agreement Mercosur and European Union is about to become reality after the approval of European Council and Parliament
On 6 December 2024 the President of the European Commission Ursula von der Leyen and her counterparts from four Mercosur countries (Brazilian President Lula, Argentinian President Milei, Paraguayan President Peña, and Uruguayan President Lacalle Pou) ended the negotiations for a groundbreaking EU-Mercosur partnership agreement. As it is stated by the EU Parliament: “ The proposed EU-Mercosur agreement is composed of a political and cooperation pillar, and a trade pillar. The end of negotiations constitutes the first step in the process towards conclusion of the agreement. The official documents will be published online over the next days”. After the above mentioned agreement, the parties have to: Check and translation of the…
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PEM an update
One of the more important FTA of the EU is, of course, the Pan-Euro-Mediterranean (PEM) Convention on preferential rules of origin. This agreement established: a) a common framework of rules of origin; b) cumulation. It involves from a side the EU and from the other one the following PEM Contracting parties: the EU, Switzerland, Norway, Iceland, Liechtestein, Egypt, Tunisia, Algeria, Morocco, Israel, Palestinian Authority of the West Bank and the Gaza Strip, Syria, Lebanon, Jordan, Türkiye, the Faroe Islands, the Republic of Moldova, Georgia, Ukraine, Serbia, Montenegro, Bosnia Herzegovina, North Macedonia, Albania. On 7 December 2023, the PEM Joint Committee adopted the new and modernised rules of origin that aims…
- accise e imposte di consumo, circular economy, compliance e AEO, energie rinnovabili, free trade agreement
EU-Chile modernized free trade agreement
On 4 December 2023, the European Council adopted: Advanced Framework Agreement (AFA) about: health, the environment, climate change, ocean governance, energy, tax, education and culture, labour, employment and social affairs, science and technology and transport; interim Trade Agreement (iTA) on raw materials and clean fuel such as lithium, copper and hydrogen, which are crucial for the transition to the green economy. Both the agreements with Chile constitute an updated version of the EU-Chile Association Agreement currently in place. Nadia Calviño declared: “…The EU-Chile Trade Agreement will reinforce the EU’s open strategic autonomy and economic security, strengthening the resilience of supply chains and diversifying imports of key inputs for the green…
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Free trade agreement New Zealand-EU approved by European Parliament
On 22 November 2023 the European Parliament approved the free trade agreement between the EU and New Zealand. Now, before entering into force, this agreement should be approved by all the Member states parliaments. As declared: “…“Today is a good day for the EU and global rule-based trade. Our vote is a very clear signal of our commitment to negotiating new EU free trade agreements, of which we have seen too few in this parliamentary term. While we live at different ends of the world, the EU and New Zealand are close, trusted, reliable and like-minded partners. Together, we are driving global rules-based trade forward against the backdrop of a…
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The preferential origin, free trade agreements and customs compliance: an up-to-date overview
The judgment of the IV Chamber of the European Court of Justice C‑653/22 released on 23 November 2023 recalls that the origin is an obligation of the importer/economic operator which is required to managet it by taking a specific and professional care. The customs origin could be non-preferential and preferential one. The mentioned case law gives us the chance to go deeper with an up-to-date overview of the preferential origin. The preferential origin is an important “status” (quality) of the goods which are imported or exported from/to the European Union. For this reason, it is important to share and explain some points of the European Union Guidance on the preferential…
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New elements of the modernized FTA EU Chile
The main aspects of the modernized FTA (free trade agreement) between the UE and the Chile are: accounting segregation for fungible materials; non alteration principle; claim for preferential tariff treatment by means of either statement of origin (with REX for EU economic operators) or importer knowledge; requirement of record keeping; bilateral cumulation EU-Chile; right of the parties to study more complex ways of cumulation. The AEO authorization can support the economic operator in ensuring high compliance with the obligations of the FTA.
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USA, trade policy and deforestation
On 31 May 2023 has been published the report to the President “Reducing international deforestation through US government international programming, assistance, finance, investment, trade and trade promotion”in response to E.O 14072 (Stopping International Deforestation). This document provides a picture of the US policies to block the deforestation/forest degradation. The preferential trade agreements (free trade agreement) play a key role in the enforcement of the commitment against the illegal deforestantion. Indeed, in the “section 2: trade agreements” “(ii) Address deforestation and land conversion risk in new relevant trade agreements and seek to address such risks, where possible, in the implementation of existing trade agreements” this report states that “…The U.S. has…
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EU and Ghana Rex from 20 August 2023
According to the notice “concerning valid proofs of origin for products originating in Ghana on importation into the European Union as from 20 August 2023 under the EU- Ghana stepping-stone Economic Partnership Agreement (2023/C 245/06)” published on 12 July 2023, the preferential origin for Ghanian originating goods imported into the EU will be allowed only with a statement of origin with an exporter registered (REX) in accordance with the relevant provisions of Ghanaian law. It is expempted only any consignment consisting of one or more packages containing originating products whose total value does not exceed EUR 6 000.
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Free trade agreement Switzerland Israel: list of not eligible places
On 5 July 2023 Swiss customs published the list of non eligible places (of origin) for which the free trade agreement between Switzerland and Israel (preferential origin-preferential treatment) is no applicable.