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EMEA Trade Report: Trade Defence, Brexit, China Subsidies



New EU legislation on trade defence enters into force
The revised legislation introduces a new way of calculating whether dumping has occurred in imports from countries where the economy is distorted owing to state interference. It can apply to any World Trade Organisation member.

[EU Commission]
British high court to review Brexit challenge
Campaigners argue that the 2016 United Kingdom referendum on whether to leave the European Union was not ratified by an act of Parliament, which they claim means the triggering of the Article 50 departure process is invalid.

EU investigating Chinese subsidies for electric bikes
Petitioners want the European Commission to impose duties and to register imports immediately so that any duties eventually set could also apply to e-bikes that enter the EU market in the coming months.

Latest version of Combined Nomenclature applicable from 1 January 2018
EU Official Journal]

Middle East

UAE won’t delay introducing VAT for businesses or banks
Some have raised concerns about the readiness of businesses and the impact of the value-added tax on the overall national economy, but government officials say the 1 January 2018 start date is still in effect.



Free trade among COMESA members hindered by transportation costs
The main challenges include direct and indirect costs associated with fulfilling regulatory import and export requirements, costs resulting from differences in currencies, geographical distance, domestic and international shipping, and logistics costs associated with imports and exports.

[Business Daily]