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STTAS EU Trade Weekly

Tuesday, November 25, 2014
Sandler, Travis & Rosenberg Trade Report

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Europe

Germany publishes updated list of dual-use goods

The Federal Office of Economics and Export Control has published an expanded list of dual-use goods that required a permit to be exported. This list is expected to take effect toward the end of December. (Bundesanzeiger).

United Kingdom to increase Intrastat arrivals exemption threshold

Subject to parliamentary approval, which is expected in the next few weeks, the Intrastat arrivals exemption threshold will be increased from £1.2 million to £1.5 million from 1 January 2015. Businesses with imports below this threshold must only declare the value in box 9 of their standard VAT return; those who trade above this threshold must also complete a monthly supplementary declaration. The exemption threshold for dispatches (exports) remains at £250,000 and the delivery terms threshold remains at £24 million. (HM Revenue)

Russia, Kazakhstan, Belarus may prohibit food additive used to keep fruits fresh

The customs union among these three countries may ban the E912 food additive that is used worldwide to prevent moisture and weight loss of fruits during transportation. Draft amendments to the customs union’s technical regulations on the safety of food additives, flavorings and processing additives were published on 23 September. (Tengri_News)

Russia changes procedure for obtaining preliminary decisions on classification of goods

Beginning 22 November traders must submit together with the application for a preliminary decision the confirmation of payment of the 5000 ruble fee. (Russia news)

Spain, Canada reach agreement to prevent double taxation

The two countries signed on 18 November a protocol that will amend the existing bilateral income tax convention to help eliminate tax barriers to trade and investment and enhance economic links. (Department of Finance Canada)

European Union supports implementation of Bali agreement

The European Commission has launched the implementation of the Trade Facilitation Support Programme to help developing countries modernize their border procedures and draw maximum benefit from the World Trade Organization Trade Facilitation Agreement. (European Commission)

Asia

Australia, China conclude FTA negotiations

The agreement concluded on 17 November is reported to be worth around $18 billion. Under this FTA 85 per cent of all Australian exports will enter China tariff-free when the agreement takes effect, a figure expected to rise to 93 per cent within four years and 95 per cent when the deal is fully in force in more than a decade. (SBS)

New Zealand, South Korea complete FTA talks

Tariffs will be eliminated on 48 per cent of current New Zealand exports to Korea when the FTA enters into force and on nearly all such exports within 15 years. The FTA will next go through a legal verification and translation process before it can be signed. (New Zealand Ministry of Foreign Affairs and Trade)

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