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February 20, 2020
2020-5256

EY TradeWatch | Issue 1 2020 edition now available

EY's TradeWatch, issue 1, 2020 outlines key legislative and administrative developments for customs and trade around the world. This issue comes in an interactive and easy to share format, with links to EY resources, interactive graphics and maps. The publication also includes sections on Insights, Technology and Tax Alerts.

What's the latest in global trade?

In this issue we shine a spotlight on trade disruption, including Brexit, and the latest developments on the US-China trade dispute. We also consider how trade policy is disrupting global trade, and if data can provide trust to rewrite the terms, of trade. Our regional insights include Canada’s new Assessment and Revenue Management System, the new Repetro-manufacturing regime in Brazil for the oil and gas industry and the free trade agreement between the EU and Singapore.

From the regions, TradeWatch includes the following insights:

Americas

  • A round-up of US trade disruption actions in 2019
  • Actions taken by Ecuadorian authorities to promote global trade
  • Canada’s Border Services Agency’s new Assessment and Revenue Management System
  • Issues affecting customs administrative processes in Mexico
  • New Repetro-Manufacturing regime for the oil and gas industry in Brazil
  • Overview of the Pacific Alliance and its development
  • United States Department of Justice’s revised export control and sanctions enforcement policy for voluntary disclosures

Asia-Pacific and Japan

  • Regional Comprehensive Economic Partnership – true progress or an opportunity missed?
  • Transfer pricing adjustments and customs in Asia-Pacific

Europe, Middle East, India and Africa

  • Brexit: latest state of play
  • Customs valuation cases in Germany: treatment of costs for print files used for the production of labels
  • European Court of Justice: preliminary ruling request on customs valuation of software provides opportunity to file refund applications

Global

  • Customs valuation impact of the OECD/G20 BEPS project
  • Free trade agreement between the EU and Singapore enters into force
  • How is trade policy disrupting global trade?
  • International Chamber of Commerce launches Incoterms® 2020
  • WTO moratorium on electronic transmissions continues
  • WTO’s Appellate Body disbands

Technology articles in this issue cover:

  • Can data provide the trust to rewrite the terms of trade?
  • Digitize the road map to become an AEO?
  • The power of technology in global trade: webcast series

A 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 latest issue in the form of an interactive PDF, or please find the file attached below.

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