The EU customs reform has come into force, marking the start of a better, smarter and simpler customs system across the EU. Following its formal adoption by the Council of the European Union and the European Parliament, the reform was published in the Official Journal on 19 September and will be phased in from 21 […]
Read More
Substantial agreement reached on the EU–Philippines trade agreement
The EU and the Philippines have reached a substantial agreement in their negotiations for a Free Trade Agreement (FTA), which is intended to strengthen economic ties between the EU and another fast-growing strategic partner in South-East Asia. Maros Šefčovič, Commissioner for Trade and Economic Security, and Maria Cristina Aldeguer-Roque, the Philippines’ Secretary of Trade and […]
Read More
New EU rules on e-commerce and customs controls
Parliament has given the green light to a wide-ranging reform of the European Customs Code, which imposes stricter rules on e-commerce and establishes a new customs authority. The regulations include an administration fee for each product purchased from retailers outside the EU and sent directly to European consumers, which will serve to cover the costs […]
Read More
The Commission submits the landmark trade agreement with India to the Council for signature
The European Commission has submitted its proposals to the Council for the signing and conclusion of the Free Trade Agreement (FTA) between the European Union and India, requesting the Council’s authorisation. If authorised by the Council, this will be the largest trade agreement ever signed between the EU and India. Once adopted and in force, […]
Read More
The Commission fines AliExpress €550 million for breaching the Digital Services Act
On 20 July, the European Commission fined AliExpress €550 million for failing to fulfil its obligations under the Digital Services Act (DSA) to diligently assess and mitigate risks associated with the sale of illegal, unsafe or counterfeit products on its e-commerce platform. The Commission has ordered the platform to take action in this regard. Failure […]
Read More
The EU-Mercosur interim trade agreement is now provisionally in force
The provisional application of the Agreement on International Trade (AIT) will create new opportunities, boosting exports of industrial goods, services and agri-food products to Argentina, Brazil, Paraguay and Uruguay. It will eliminate or drastically reduce tariffs on key exports such as cars and pharmaceuticals, and provides for an initial tariff reduction for most agri-food products, […]
Read More
The Commission welcomes the historic agreement to reform the EU Customs Union
The Commission welcomes the agreement reached last Thursdaybetween the European Parliament and the Council, which marks ahistoricreformofthe EU Customs Union. Thisreform, the most ambitious overhaul of EU customs rules since 1968, introduces new measures for e-commerce and establishes a modern, data-driven customs architecture that simplifies procedures and improves efficiency.Withthese fundamental improvements,Europeancustomswill beready toadapttothechanginglandscapeof international trade. […]
Read More
Commission acts against unfair imports of ABS from Korea and Taiwan
On 13 February, the Commission imposed definitive anti-dumping duties on imports into the EU of acrylonitrile-butadiene-styrene (ABS) resins from Taiwan and the Republic of Korea. The anti-dumping duties imposed range from 5.2% to 7.5% for Korea and from 10.9% to 21.7% for Taiwan. The imposition of definitive duties follows a thorough investigation which concluded that […]
Read More
The EU is studying the investment needed to improve trade routes between Europe and Central Asia via the Caucasus.
The Trans-Caspian Corridor, a rail and port route connecting Europe, Turkey, the rest of the Black Sea region, Armenia, Azerbaijan and Central Asia, is becoming an alternative trade route linking the two continents. Since 2022, trade on this route has quadrupled and, with the right investments, could triple by 2030. To help turn this momentum […]
Read More