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July 25, 2019
2019-5930

EY TradeWatch | Summer 2019 edition now available

This quarterly EY publication outlines key legislative and administrative developments for customs and trade around the world. This issue comes in a new format an interactive pdf, which allows us to include video interviews, links to EY resources, interactive graphics and maps. With sections on Insights, Technology and Tax Alerts, the reader can identify relevant content quickly. The new format also makes it easier to share this issue with your network on social media. 

What's the latest in global trade?

In this issue we shine a spotlight on what trade executives are currently thinking about global trade disruption, how global trade is making headlines on a daily basis, the Technical Committee on Customs Valuation approving advisory opinion on flash sales, the World Trade Organization (WTO) ruling in favor of Russia in the Russia-Ukraine transit dispute, and how this may potentially impact Section 232 disputes.

From the regions, TradeWatch includes the following insights:

Americas

  • Trade and customs developments in Central America

  • US Customs and Border Protection Updates C-TPAT Minimum-Security Criteria

  • Overview of recent United States Trade Representative (USTR) Section 301 Report

  • Ripple effects of US Government export ban on Huawei

  • The 2019 Trump trade agenda: adjusting US trade policy to the realities of the 21st century economy

Asia-Pacific and Japan

  • The new era of Free Trade Agreements (FTA) self-help and enhanced FTA utilization in Asia

  • Enhanced benefits of Australia’s next generation AEO program

  • Philippine customs audit: common issues

Europe, Middle East, India and Africa

  • WTO Boeing dispute: EU issues preliminary list of US products considered for countermeasures

  • Customs valuation and transfer pricing: Hamamatsu – the journey continues

  • Recent developments and changes to the European Union Customs Code

  • Trade remedial actions in the steel and aluminum sector in India

  • South Africa to introduce anti-forestalling measures in respect of excise duties

  • Importation of samples for certification purposes in Russia

  • Brexit update

Technology articles in this issue cover:

  • 3D printing may be subject to customs tax

  • Using data analytics for Philippine customs audit

A quarterly round up of EY Global Tax Alerts related to global trade matters are presented using an interactive map display.

Why TradeWatch?

In today's global economy, moving goods internationally can be a complex and costly activity. TradeWatch provides timely information about customs and international trade developments to help our clients develop strategies to manage duty costs and the risks of global trade, to improve trade compliance and to increase the operational effectiveness of international supply chains.

Access the Summer 2019 issue in the form of an interactive pdf on ey.com, or please find the file attached.

ATTACHMENT

 
 

The information contained herein is general in nature and is not intended, and should not be construed, as legal, accounting or tax advice or opinion provided by Ernst & Young LLP to the reader. The reader also is cautioned that this material may not be applicable to, or suitable for, the reader's specific circumstances or needs, and may require consideration of non-tax and other tax factors if any action is to be contemplated. The reader should contact his or her Ernst & Young LLP or other tax professional prior to taking any action based upon this information. Ernst & Young LLP assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

 

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Any U.S. tax advice contained herein was not intended or written to be used, and cannot be used, by the recipient for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code or applicable state or local tax law provisions.

 

"EY" refers to the global organisation, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

 

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