The latest edition of Trade Watch is attached below. Trade Watch is a quarterly communication prepared by EY's Global Trade Practice. Highlights of this edition include:

Global

— HS 2.0 Overhaul of the Harmonized Tariff System is under consideration

Americas

— Argentina establishes temporary duties on exports of services
— Brazil introduces the single window product database and other improvements to the single window program
— Canada Border Services Agency 2019 customs compliance verification list update
— Costa Rica’s Customs General Directorate publishes draft Resolution regulating inclusion of royalty payments in an import’s customs value

Asia-Pacific

— ASEAN — Update on strategic goods in ASEAN: growing complexity from inconsistent regimes
— Japan — New trade agreements to change Japan’s trade dynamics
— Annual report on post-entry customs audits for July 2017 to June 2018
— The Philippines — Philippine Government issues new rules on post clearance audit and Prior Disclosure Program
— Philippine Customs imposes significant penalties for failure to keep import documents
— Singapore — Upcoming FTAs with the European Union and China

Europe, Middle East and Africa

— Côte d’Ivoire — Customs procedure for export
— Cyprus Administrative Court rules customs officials are authorized to investigate IP rights infringements
— European Union — The European Commission removes “domestic sale” principle from guidance document on customs valuation
— Iraqi customs authorities to enforce laws on customs duties and import taxes
— Kenya adjusts excise duty rates
— Qatar — Excise tax goes live in Qatar; opening inventory on 1 January also taxable
— Saudi Arabia Customs Authority introduces audit initiative
— South Africa’s carbon tax to be effective 1 June 2019 and administered through Customs and Excise Act
— Tanzania issues new value-added tax regulations
— United Kingdom — Exporting from the EU after Brexit: changing definitions and consequences for FTA eligibility
— UK tax authority announces transitional simplified procedures in event of a no-deal Brexit

———————————————
ATTACHMENT

Trade Watch for March 2019