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November 11, 2020

Trade Watch | Issue 3 2020

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:


  • Is there any certainty in today’s challenging trade times?
  • EU-Vietnam: Free Trade Agreement and Investment Protection Agreement
  • Sustainable trade: Supporting the green agenda
  • How trade finance can operate effectively in the wake of COVID-19
  • Our global trade webcasts


  • Brazil: Tax reform may impact customs special regimes
  • Mexico: Changes to customs rules for 2020 impacting maquiladoras and other regimes
  • US: Customs issues guidance on Section 321
  • US: Trade actions continue to be in the spotlight
  • US: Actions toward Hong Kong give rise to additional trade complexity


  • Asia-Pacific: The changing trade landscape in the region
  • Asia-Pacific/India: Increasing the burden of free trade agreement compliance
  • Indonesia: The changing dynamics of dealing with Customs
  • New Zealand: Transfer pricing adjustments and customs
  • South Korea: Revisions to Customs laws
  • Vietnam: Post-clearance audit management and latest trends

Europe, Middle East and Africa

  • Africa: How a trade pact is positioning Africa for economic success
  • EU: European Commission publishes new guidance on customs valuation
  • EU: Free of charge supplied software should be added to the customs value
  • EU: New rules for applying tariff quota in agricultural sector as of 1 January 2021
  • EU: Royalty paid for know- how may need to be added to customs value
  • Export controls: Sanction lists and data protection
  • What multiple waves of disruption mean for tax and trade in Europe


Trade Watch | Issue 3 2020