Provisional agreement reached on EU single window
“Member states’ authorities involved in goods clearance at the EU’s external borders will be able to access and exchange electronic information submitted by traders. The single window environment for customs will also support the automated verification of non-customs formalities for goods entering or leaving the EU. This means that manual documentary controls to verify certain non-customs formalities will no longer be necessary.”
[Council of the EU]
New global alliance of special economic zones to boost development
“SEZs are geographically delimited areas within which governments promote industrial activity through fiscal and regulatory incentives and infrastructure support. They go by many different names, including free-trade zones and industrial parks, and are widely used by developed and developing economies. The Global Alliance of Special Economic Zones (GASEZ) seeks to drive the modernization of these zones across the world and maximize their contribution to the UN Sustainable Development Goals.”
[UNCTAD]
Asia manufacturers say pandemic-driven trade boom is fading
“Bumper exports from Asia, especially China, were a major dynamo in the global economy’s recovery from the pandemic. Recent data suggest that’s fading due to supply blockages linked to China’s aggressive Covid lockdowns and Russia’s invasion of Ukraine. Well-stocked inventories have been another headwind.”
[The Economic Times]
UK kicks off talks on modern trade deal with Mexico
“UK negotiators will look to go further and deeper in areas like services and technology, boosting a trade relationship already worth over £4 billion. The agreement could increase trade flows across the financial, creative, digital and technology services sectors thanks to advanced services provisions, boosting the UK’s already world-leading services industries.”
[UK Department for International Trade]
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