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New European customs code proposal: AEO, trust and check trader status and the monitoring
European Parliament, on 22 February 2024, voted and published the document “…The compromise amendments Establishing the Union Customs Code and the European Union Customs Authority and repealing Regulation (EU) No 952/2013” Proposal for a Regulation (COM(2023)258 – 2023/0156(COD))…” It has been adopted in the committee with 34 votes in favour to 0 against and 5 abstentions. It has to be put to a vote at an upcoming plenary session (most likely in March) and constitute Parliament’s position at first reading. In particular, find below, from our point of view, the main points of the proposal: a) The list of the tasks of the customs authorities. This is a very interesting…
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Critical raw minerals and EU committee of Regions
The Council of the European Union published on 27 July 2023 the opinion of the European Committee of the Regions on the critical raw materials act. About the trade, the European Committee of the Regions underlined that: “…To take account of possible technological and economic changes, the Commission should, in continuation of current practice, periodically perform an assessment based on data for production, trade, applications, recycling, sustainability and substitution for a wide range of raw materials to update the lists of critical and strategic raw materials reflecting the evolution in the economic importance and supply risk associated with those raw materials…”; “…The EU Supply Chain Act should also include the…
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Due diligence, import deforestation free goods and blockchain
The EU Regulation 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation and repealing Regulation (EU) No 995/2010” has the following goals: minimising the Union’s contribution to deforestation and forest degradation worldwide, and thereby contributing to a reduction in global deforestation; reducing the Union’s contribution to greenhouse gas emissions and global biodiversity loss The due diligence statement requires companies to collect information, identify risks and mitigate them, organise and keep the information and evidence relating to each relevant product for a period of five years from the date of placing, making available or…
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Customs classification, relevant goods and trade compliance
The EU Regulation 2023/1115 on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation and repealing Regulation (EU) No 995/2010” has the following goals: minimising the Union’s contribution to deforestation and forest degradation worldwide, and thereby contributing to a reduction in global deforestation; reducing the Union’s contribution to greenhouse gas emissions and global biodiversity loss Relevant commodities and relevant products will not be placed or made available on the market or exported, unless all the following conditions are fulfilled: (a) they are deforestation-free; (b) they have been produced in accordance with the relevant legislation of…
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New EU regulation on deforestation and forest degradation products free: a short introduction
On 9 June 2023 the EU regulation 2023/1115 “on the making available on the Union market and the export from the Union of certain commodities and products associated with deforestation and forest degradation and repealing Regulation (EU) No 995/2010” has been published in the EU official journal. Some of the key-concepts of this legal source are: according to FAO (food and agricolture organization) the deforestation and forest degradation are taking place at an alarming rate; Deforestation and forest degradation contribute to the global climate crisis in multiple ways; Climate breakdown induces the loss of biodiversity globally and biodiversity loss aggravates climate change; Biodiversity is essential for the resilience of ecosystems…
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Pan-Euro-Mediterranean (PEM) Convention and trade opportunities: an update
The Pan-Euro-Mediterranean (PEM) Convention on preferential rules of origin established: a) common rules of origin; b) cumulation among the 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. The aim of this free trade area is to facilitate trade and integrate the supply chains within the zone; in this context the SME (small medium enterprises) can enjoy the interesting benefit. In a nutshel: a SME (and in general any economic operator) can export from one…
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Il 2023 sarà l’anno dell’ accordo di libero scambio UE-Australia
E’ dal 2018 che vi sono negoziazioni tra l’UE e l’Australia per un accordo di libero scambio che possa promuovere il commercio attraverso l’abbattimento dei dazi doganali. Per le PMI (small medium enterprises SME) e, in genere, per gli operatori economici in UE e in Australia l’accordo di libero scambio, se conosciuto e applicato, sarà un impulso al proprio business. Food, meccanica, high tech, tessile e moda, mobili, alcolici, vino sono alcuni dei settori coinvolti da queste negoziazioni. A dicembre 2022, Don Farrell (ministro degli esteri australiano per il commercio internazionale e il turismo) ha dichiarato di voler concludere l’accordo entro la prima metà del 2023. Si tratta di un…