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March 9, 2021
2021-0520

Trade Watch | Issue 1 2021

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

— EU and China: The Comprehensive Agreement on Investment
— Exclusive distribution rights: Court decisions illustrate the need for careful planning
— Global Trade Managed Services
— How COVID-19 impacted supply chains and what comes next
— Indirect Tax in Motion: How a structured approach can help businesses control trade activities
— Our global trade webcasts

Americas

— Colombia: Green light for Authorized Economic Operator (AEO) authorizations
— Colombia: Recent changes regarding imports and exports
— United States: Technical corrections to the USMCA Implemention Act — impact on free trade zones

Asia-Pacific and Japan

— Regional Comprehensive Economic Partnership (RCEP) — the transformative potential
— Japan: Annual report on post-entry audits
— Malaysia: Enhancements to the Authorized Economic Operator (AEO) program
— Vietnam: Free trade agreements — opportunities and recommendations

Europe, Middle East, India and Africa

— Africa: How free trade can accelerate Africa’s COVID-19 recovery
— Brexit: Update on EU-UK trade relations
— Brexit: The impact on EU businesses
— Brexit: What rules of origin requirements mean for UK-EU trade
— EY Brexit hypercare
— EY Brexit App
— EU: Proposals for carbon border adjustment mechanism
— EU: Is VAT deduction on imported goods dependent on ownership?
— Norway: VAT and customs issues with supply and install contracts
— Saudi Arabia: Post-clearance audits

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ATTACHMENT

Trade Watch | Issue 1 2021

 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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