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STTAS EU Trade Weekly: EU Customs Code, Russian Imports, African FTA

Tuesday, December 09, 2014
Sandler, Travis & Rosenberg Trade Report

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European Union

Amendments to Customs Code on ID of persons for AEO mutual recognition take effect

This amendment, which took effect on 1 December, aims to provide trade facilitation to persons other than the consignor declared in an entry or exit summary declaration or in a customs declaration replacing it.

(EUR-LEX)

AD duties continued on tube and pipe fittings from Korea and Malaysia

The European Commission has continued AD duties on certain tube and pipe fittings (other than cast fittings, flanges and threaded fittings) of iron or steel (not including stainless steel) through 29 January 2018, the same date that AD duties against such TPF from Russia and Turkey are due to expire. Duties will be 44.0 percent for all companies from Korea and 49.9 percent to 75.0 percent for Malaysian companies.

(Official Journal of the EU)

Value limits for Pan-Euro-Mediterranean zone, Moldova, Chile and Central America online

The European Commission has published online lists of equivalent amounts expressed in euro and corresponding amounts in national currencies. Values are used in the application of provisions of association agreements between the European Union and trading partners.

(DG TAXUD)

European Commission publishes list of anti-dumping and anti-subsidy measures

The Commission has published a list of all anti-dumping, anti-subsidy and safeguard measures in force, under current investigation, terminated or expired.

(European Commission)

Euro area key economic indicators – latest forecasts

The forecasts from the European Commission, International Monetary Fund, European Central Bank, and Organization for Economic Cooperation and Development expect GDP growth to increase in 2015 and 2016 but also foresee an acceleration in inflation.

(European Parliament)

EU Council backs customs risk management strategy and action plan

The European Council said on 4 December that it endorses the strategy and action plan for customs risk management submitted by the European Commission in August and calls on the Commission and EU member states to implement them and adopt a “realistic and detailed roadmap” for their implementation. The Council requested an update on implementation efforts within 18 months.

(Council of the EU)

Europe

Russia limits imports of poultry from U.S.

Effective 5 December, Russia has imposed temporary restrictions on imports of poultry meat and poultry products from the United States due to “the ongoing identification of harmful residues and banned substances,” including tetracycline.

(Chicago Tribune)

Russian road transport guarantee agreement extended until 28 February 2015

Russia’s Federal Customs Service announced 27 November that the TIR guarantee agreement has been extended until 28 February 2015. TIR stands for Transports Internationaux Routiers (international road transport) and according to the International Road Transport Union is the only universal transit system that allows goods to transit from a country of origin to a country of destination in sealed load compartments with customs control recognition along the supply chain.

(International Road Transport Union)

EFTA Surveillance Authority approves Norwegian shipping tax reduction to encourage cleaner ships

The European Free Trade Association Surveillance Authority approved 26 November certain amendments to the Norwegian Special Tax System for Shipping, under which shipping income is exempted from ordinary corporate tax and only a tax related to the ship's tonnage is due. The approved amendment concerns a reduction of the standard tonnage tax by 2.5 percent to 25 percent based on a set of defined environmental criteria, which is intended to give an incentive for shipping companies to improve the environmental standards of their ships.

(EFTA Surveillance Authority)

Asia

Kazakhstan ready to discuss movement of goods within customs union

The Kazakhstan Ministry of Agriculture said on 28 November that it is ready to discuss issues of concern related to the transportation of goods within the customs union that encompasses Kazakhstan, Russia and Belarus. Russian official previously said the Kazakh ministry refused to participate in tripartite negotiations on the prohibition of the transit of products from Belarus.

(Trend)

Hong Kong-Chile FTA enters into force

The free trade agreement between Hong Kong and Chile took effect in Chile on 1 December after coming into force for Hong Kong on 9 October. The agreement is Hong Kong’s first with a country outside of Asia or Europe and it covers bilateral trade in goods and services as well as investment.

(China Briefing)

Africa

Africa’s largest free trade area set to launch in December

The largest free trade area in Africa is set to launch in mid-December at a summit in Egypt. The Tripartite FTA will bring together the East African Community, the Southern African Development Community  and the Common Market for Eastern and Southern Africa, a total of 26 countries from Egypt to South Africa with a combined population of 625 million people and an aggregate GDP of US$1 trillion.

(International Centre for Trade and Sustainable Development)

Israel, Armenia intensify customs ties

Armenia and Israel have reportedly signed an agreement to provide mutual help in the customs sector. The agreement was signed on 26 November and envisages direct exchange of information, joint anti-smuggling measures, sharing of experience, and joint training activities.

(ARKA News Agency)

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