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November 11, 2020

EY TradeWatch | Issue 3 2020 edition now available

EY's TradeWatch, issue 3, 2020 outlines key legislative and administrative developments for customs and trade around the world, with links to EY resources, interactive graphics and maps. It features sections on Technology, Tax Alerts and Brexit as well as insights from the following jurisdictions: 


  • Is there any certainty in today’s challenging trade times?
  • EU-Vietnam: Free Trade Agreement and Investment Protection Agreement
  • Sustainable trade: Supporting the green agenda
  • How trade finance can operate effectively in the wake of COVID-19 9 Our global trade webcasts 


  • Brazil: Tax reform may impact customs special regimes
  • Mexico: Changes to customs rules for 2020 impacting maquiladoras and other regimes
  • US: Customs issues guidance on Section 321
  • US: Trade actions continue to be in the spotlight
  • US: Actions toward Hong Kong give rise to additional trade complexity


  • Asia-Pacific: The changing trade landscape in the region
  • Asia-Pacific/India: Increasing the burden of free trade agreement compliance
  • Indonesia: The changing dynamics of dealing with Customs
  • New Zealand: Transfer pricing adjustments and customs
  • South Korea: Revisions to Customs laws
  • Vietnam: Post-clearance audit management and latest trends 

Europe, Middle East, India and Africa

  • Africa: How a trade pact is positioning Africa for economic success
  • EU: European Commission publishes new guidance on customs valuation
  • EU: Free of charge supplied software should be added to the customs value
  • EU: New rules for applying tariff quota in agricultural sector as of 1 January 2021
  • EU: Royalty paid for know-how may need to be added to customs value
  • Export controls: Sanction lists and data protection
  • What multiple waves of disruption mean for tax and trade in Europe 

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 PDFor please find the file attached below.



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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