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June 30, 2021

Trade Watch | Issue 2 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:


— Using customs warehouses for e-commerce fulfilment — a comparison of valuation approaches
— Technical Committee on Customs Valuation approves two new advisory opinions
— How the life sciences value chain will be impacted by trade and VAT
— Indirect Tax in Motion: How a structured approach can help businesses control trade activities
— Global Trade Managed Services
— EY Global Customs Talks
— Our Global Trade webcasts


— Brazil: Single-window customs system, unique importation declaration and product catalogue
— Latin America: Nearshoring opportunities in Panama and Costa Rica
— Mexico: Labor implications of the United States-Mexico- Canada Agreement
— US: Court of International Trade decision questions first sale principle applicability to Chinese and Vietnamese origin goods

Asia-Pacific and Japan

— China: Ministry of Commerce provides guidance on export controls by exporters of dual- use items
— China: Customs update — April 2021
— Japan: A step to realizing carbon neutrality — carbon border adjustment mechanism under consideration
— Oceania: Duty drawback for importers and exporters in Australia and New Zealand

Europe, Middle East, India and Africa

— Africa: Implementation of the African Continental Free Trade Area Agreement
— European Court of Justice: Court rules on transport costs and customs value under DAF delivery terms
— EU: Impact of new e-commerce VAT rules on customs
— EU: Trade Policy Review — aiming at open strategic autonomy
— Gabon: Certificate of conformity for imports and exports
— Germany: Customs tariff classification of sports footwear from Vietnam
— Germany: Preparing for customs audits
— Norway: E-commerce VAT rules for low-value imports


Trade Watch | Issue 2 2021