The latest edition of Trade Watch is attached below. Trade Watch is a regular communication from EY Global Trade that outlines key legislative and administrative developments for customs and trade around the world. Highlights of this edition include:

Global

— Customs valuation impact of the OECD/G20 BEPS project
— Free trade agreement between the and Singapore enters into force
— How is trade policy disrupting global trade?
— International Chamber of Commerce launches Incoterms® 2020
— WTO moratorium on electronic transmissions continues
— WTO’s Appellate Body disbands

Americas

— A round-up of US trade disruption actions in 2019
— Actions taken by Ecuadorian authorities to promote global trade
— Canada’s Border Services Agency’s new Assessment and Revenue Management System
— Issues affecting customs administrative processes in Mexico
— New Repetro-Manufacturing regime for the oil and gas industry in Brazil
— Overview of the Pacific Alliance and its development
— United States Department of Justice’s revised export control and sanctions enforcement policy for voluntary disclosures

Asia-Pacific and Japan

— Regional Comprehensive Economic Partnership — true progress or an opportunity missed?
— Transfer pricing adjustments and customs in Asia-Pacific

Europe, Middle East, India and Africa

— Brexit: latest state of play
— Customs valuation cases in Germany: treatment of costs for print files used for the production of labels
— European Court of Justice: preliminary ruling request on customs valuation of software provides opportunity to file refund applications

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ATTACHMENT

Trade Watch | Issue 1 2020