The latest edition of Trade Watch is attached below. Trade Watch is a quarterly communication prepared by Ernst & Young's Customs & International Trade Practice. Highlights of this edition include:

Global

— The UK vote to leave the European Union: implications for multinational companies
— The UK vote to leave the European Union: implications for the GCC
— WTO Information Technology Agreement expansion: tariff reductions begin
— Highlights of the Canada-Ukraine Free Trade Agreement
— The Eurasian Economic Union-Vietnam Free Trade Agreement now in force

Americas

— Brazil adopts ATA Carnet regime in time for the Olympics
— Mexico — Special Economic Zones in Mexico
— United States — Upcoming changes to the reconciliation program
— United States — US Customs releases new Valuation Encyclopedia
— United States — New Miscellaneous Tariff Bills process for temporary duty suspension and reduction
— United States — CBP publishes new ADD/CVD anti-evasion regulations

Asia-Pacific

— China — The State Council makes significant revisions to the regulations on customs audits
— New Zealand — The new Customs & Excise Act: bill to be introduced soon

Europe, Middle East and Africa

— Common Market of East and South Africa — Fewer COMESA goods eligible for import duty exemption in Uganda after June 2016 budget
— East Africa Community — What the 2016-17 EAC budgets mean to importers and exporters
— Gabon — Recent regulation modifies customs audits
— Kenya's PVOC program: implications for importers
— Nigeria — New exchange rate policy for importation of goods into Nigeria

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ATTACHMENT

Trade Watch for September 2016