In the April 25 edition of the Official Journal of the European Union the following trade-related notices were posted:
The European Commission on April 24 adopted a proposal to create a new exemption from excise and value added tax for supplies for armed forces of European Union member states that are taking part in a European defense effort, it said in a press release. The newly adopted exemption mirrors one currently in place for EU armed forces participating in North Atlantic Treaty Organization defense operations, it said. “Under the new rules, armed forces deployed outside their own Member State would not pay VAT or excise duty to other Member States when they take part in a NATO defence effort or in a defence activity under the Common Security and Defence Policy (CSDP). By aligning the indirect tax treatment of both defence efforts, the initiative acknowledges the growing importance of the CSDP and military mobility which require supplies such as training materials, accommodation, provision of food and fuel -- all in principle currently subject to VAT,” the commission said.
In the April 24 edition of the Official Journal of the European Union the following trade-related notices were posted:
The United Kingdom's HM Revenue & Customs on April 23 updated its guidance on warehousing procedures to add information on what to do in cases of discrepancies on import documentation, including under- and over-shipments. All goods imported into warehouses in excess of their declared quantity will be considered dutiable and “warehoused provisionally until the matter is resolved,” according to the update.
In the April 23 edition of the Official Journal of the European Union the following trade-related notices were posted:
The United Kingdom hopes to reach a deal with South Korea to maintain the effects of the European Union-South Korea Free Trade Agreement should the U.K. leave the EU with no transition deal, the U.K. Department for International Trade (DIT) said in guidance issued April 23. “The UK is seeking to agree arrangements with South Korea to ensure trade continues with minimal disruption after the UK leaves the EU,” with “minimal changes to tariffs and quotas, even if the UK leaves the EU without a deal,” the guidance said. If no deal is reached, trade between the U.K. and South Korea will be subject to World Trade Organization most-favored nation rates, it said.
Russia is putting in place additional sanctions against Ukraine, including new bans on imports and exports between the two countries, according to a blog post from Baker McKenzie. Effective April 18, Russia is adding to the list of goods that cannot be imported into Russia from the Ukraine tariff headings and subheadings covering paper products, apparel and footwear, metal products and machinery, among other things, according to an unofficial translation of the Russian government’s notice. Russia is also immediately adding tariff provisions covering certain oil and petroleum products and chemicals to the list of goods prohibited for export to the Ukraine. Effective June 1, Russia also is adding goods to a list of products that cannot be exported from Russia to Ukraine without a permit, including coal and more petroleum products.
The Eurasian Economic Union is hoping to sign a free trade agreement with Serbia in October, according to an April 11 report from Dezan Shira & Associates. The announcement came from a board member of the Eurasian Economic Commission at an international conference earlier in April in Kazakhstan. Board member Veronika Nikishina said the EAEU has concluded negotiations with Serbia and hopes to sign the agreement this year, according to the report. Nikishina also said “just a step separates” the EAEU from wrapping up negotiations with Singapore on a “free trade zone,” the report said.
In the April 17 edition of the Official Journal of the European Union the following trade-related notices were posted:
Secretary of State Mike Pompeo said that beginning May 2, those who had property seized by the Cuban government after the Communist revolution can sue foreign companies "trafficking in property that was confiscated by the Cuban regime. Any person or company doing business in Cuba should heed this announcement," he said April 17. The right to sue foreign companies had been suspended for more than 20 years, and European diplomats warned Pompeo ahead of the announcement "the extraterritorial application of unilateral restrictive measures, such as the LIBERTAD Act, is contrary to international law." Trade Minister Cecilia Malmstrom said that if he went through with the plan to allow these lawsuits, the EU may launch a World Trade Organization case, and would allow EU companies to file counterclaims in EU courts against Americans bringing suit.