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EMEA Trade Report: Brexit, FTAs, AD Duties

2/5/2018
 

Europe

 
EU policy on customs and indirect taxation after Brexit
The policy provides that as of 30 March 2019 goods traded between the EU and the United Kingdom will be subject to customs formalities (e.g., declarations will have to be lodged and customs authorities may require guarantees for potential or existing custom debts), relevant customs duties, and applicable prohibitions or restrictions. Authorised economic operator status issued by UK customs authorities will no longer be valid in the EU, and goods originating in the UK that are incorporated into goods exported from the EU to third countries will no longer qualify as EU content.

[European Commission]
 
EU requires AD/CV registration for bus and lorry tyres from China
Registration is required to ensure that, should the ongoing AD and CV investigations result in findings leading to the imposition of AD and/or CV duties, those duties can be levied retroactively on the registered imports. Covered products are new and retreaded tyres for buses or lorries with a load index exceeded 121, currently falling within CN codes 4011 20 90 and ex 4012 12 00.

[Official Journal of the EU]
 
Political push from EU and Mercosur leaders to complete trade deal
Top officials met in Brussels on 30 January in an effort to make political compromises and let negotiators work out the details in the coming days and weeks.

[EU Observer]
 
EEU discusses FTA with India
A preparatory technical meeting was held 30-31 January to lay the foundation for the talks. A joint feasibility study has suggested that a deal cover trade in goods, services, and investment.

[The Economic Times]
 
EU imposes AD duties on cast iron from China
The duties range from 15.5 percent to 38.1 percent.

[Official Journal of the EU]
 
EU issues supplementary directives for Brexit negotiations

[Council of the EU]
 
 

Middle East

 
EU-Jordan preferential origin rules fail to bring benefits
A ten-year deal signed in July 2016 allows manufacturers in Jordan to import up to 70 percent of the raw materials used in production and still label the finished products as ‘Made in Jordan.’ However, the Jordan Labour Watch alleges that the current terms of this agreement “lack justice and fail to achieve the expected benefits for both Jordanian enterprises and their workers.”

[Jordan Times]
 
 

Africa

 
Continental Free Trade Area to be launched 21 March
The agreement is expected to raise intra-African trade by 52 percent by 2022, but there is a need for measures to upgrade trade infrastructure, harmonise and streamline customs procedures, and cut transit and other trade costs.

[Ecofin Agency]
[The East African]
 
EU and Morocco sign document reinforcing agricultural agreement

[Morocco World News]