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1° of May 2024 free trade agreement EU and New Zealand will enter into force
After some negotiations round, 1° of May 2024 free trade agreement EU and New Zealand will enter into force. Mr. Todd McClay (Trade and Agriculture Minister of New Zealand) said: “..I am pleased to announce that today, in a small ceremony at the Beehive, New Zealand notified the European Union of our ratification of the New Zealand European Union Free Trade Agreement (NZ-EUFTA). This enables the agreement to come into force earlier than expected, from 1 May 2024,” . The European Council in its “Notice concerning the date of entry into force of the Free Trade Agreement between the European Union and New Zealand” on 25.03.2024 declared that “…The Free…
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EAC, Kenya and EU: Economic Partnership Agreement with a specific focus on sustainable development
On 8 December 2023, Eu Commission published the draft of the “Economic Partnership Agreement between the European Union, of the one part, and the Republic of Kenya, Member of the East African Community, of the other part” by means of the interinstitutional Files 2023/0337 (NLE) and 2023/0338 (NLE). This agreement will cover the following topics: (a) general provisions; (b) trade in goods; (c) fisheries; (d) agriculture; (e) economic and development cooperation; (f) institutional provisions; (g) dispute avoidance and settlement; (h) general exceptions; (i) general and final provisions; and (j) Annexes, Protocols and Joint Statements. Before going deeper with the short check of the available documents, it is useful to recall…
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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…
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EU,UK,TCA electric accumulators and electrified vehicles
The proposal (COM/2023/950 final) for a Council decision “…on the position to be taken on behalf of the European Union in the Partnership Council established by the Trade and Cooperation Agreement between the European Union and the European Atomic Energy Community, of the one part, and the United Kingdom of Great Britain and Northern Ireland, of the other part as regards the transitional product-specific rules for electric accumulators and electrified vehicles…” has been published. In particular, the decision aims to adopt of a decision to amend the transitional product-specific rules for electric accumulators and electrified vehicles in Annex 5 of the EU-UK Trade and Cooperation Agreement (TCA) to: extend the…
- 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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AI, customs, origin, value and classification: how to implement the compliance
The artificial intelligence is a way to improve the compliance of the economic operators with the regulations on preferential origin, non-preferential origin, value and classification; shortly, it is a way to: make more robust the pillars of customs obligation on which it is based the audit for the AEO authorization; Well assess and mitigate the risks of non-compliance and, therefore, reduce or avoid: audit costs, operational disruptions, legal expenses; Implement the internal customs knowledge and expertise and the internal skills to develop internal controls (monitoring). ##preferentialorigin. The preferential origin is the status of the goods are eligible for the free trade agreement rules. The free trade agreement is is an…
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Circular economy, free trade agreement and AEO
The OECD report (2020) International trade and the circular economy underlines that: “…At the regional level, different economies are considering including circular economy provisions in free trade agreements (FTAs). In order to implement these provisions, it is necessary to better understand the interrelations between trade and circular economy…”; “…Transitioning towards a more resource efficient and circular economy provides a way to decrease material use and reduce associated environmental impacts across the value chain. A resource efficient circular economy has broad interlinkages with international trade through global supply chains, end-of-life value chains, and services trade…”; “…thus, facilitating trade is important to support refurbishment and remanufacturing activities. Barriers in bringing back a…
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OECD, AEO and goods and services in international trade
Our focus into AEO and customs compliance brings us to read and share (very shortly) the very interesting OECD Policy paper n.274/2023 “interactions between goods and services in international trade” which: “…examines whether the customs valuation systems and rules of origin are sufficiently attuned to the changing landscape of commercial realities characterised by new and diverse configurations of goods-services trade…”; “…suggests that, while goods-services interactions in international trade do not require a radical restructuring of existing trade law, challenges for the current approaches and practices for customs valuation and origin determination call for policy solutions specific to each type of goods-services configuration…”; Identifies and distinguishes the following trade configurations (goods-services)…