Vietnam is implementing a customs bonding system, and hopes to run a pilot in 2021 and 2022 before its “customs guarantees” are expanded to more customs processes, the Vietnam Customs Department's CustomsNews website reported on April 11. The pilot phase will apply the bonding system to transit goods, temporary imports for re-export, late submissions of certificates of origin and “transportation of goods for preservation,” CustomsNews said. Then, in 2022 and 2023, Vietnam customs will expand implementation to goods temporarily imported for exhibitions, repairs, warranty or construction; delays in the issuance of import permits; and disputes between Vietnam customs and companies, such when an importer is waiting for a valuation or classification ruling, the report said.
Country of origin cases
In the April 10 edition of the Official Journal of the European Union the following trade-related notices were posted:
In the April 9 edition of the Official Journal of the European Union the following trade-related notices were posted:
The government of Canada recently issued the following trade-related notices as of April 5 (note that some may also be given separate headlines):
The United States-Mexico-Canada Agreement contains the most complex automotive rules of origin of any trade deal, significantly raising rule requirements for the industry and steeply increasing costs for compliance programs, several experts said at an April 4 Center for Strategic and International Studies panel. Several industry leaders said the USMCA will force many companies in the automotive supply chain to make substantial changes. “The USMCA rule of origin is now by far the most complex, stringent requirement that exists in any free trade agreement in the world,” said Matt Blunt, president of the American Automotive Policy Council. “It really will force manufacturers to think more about the rule of origin and their sourcing decisions than they’ve ever done before.”
In the April 3 edition of the Official Journal of the European Union the following trade-related notices were posted:
Indonesia and South Korea agreed to exchange electronic certificate-of-origin data to “improve trade services” and “stop the misuse” of certificates of origin for Indonesian projects, according to an April 3 report from Antara News. The memorandum of understanding will “enhance trade and economic relations” between South Korea and Indonesia, the report said, and may lead to further cooperation. The two countries agreed to an “exchange program for employees to attend training programs and gain experience,” according to the report. Indonesian President Joko Widodo said “improvements will be made to the methods of exchanging trade information, an open telecommunication system and the development of procedures, standards and practices in keeping with trade documentation,” according to the report.
The implementation of Malaysia’s new customs declaration system, which was expected to be introduced in early 2019, has been delayed, according to a March 25 report from Baker McKenzie. Malaysia began a pilot version of the new system on March 5, the report said, which covers most imports and exports through Port Klang. While it is unclear when the new Ubiquitous Customs system will fully replace the current Sistem Maklumat Kastam, the report said the “scope of the implementation is (being) gradually expanded.”
The Nuclear Regulatory Commission recently issued a regulatory issue summary to clarify requirements for annual and quarterly reporting for exports of nuclear equipment and materials. According to the NRC, “based upon discussions with exporters that did not submit quarterly reports,” exporters may be confused about the different annual and quarterly reporting requirements. Annual reporting requirements are for exports under a general license for U.S.-origin goods listed in Appendix A to 10 CFR Part 110; quarterly licenses are for exports under a general or specific license for goods listed in Annex II of the Additional Protocol to the International Atomic Energy Agency agreement. “The two reporting requirements reference two distinct lists of equipment subject to reporting which share some items in common. Thus, the export of some components” may require both an annual report and a quarterly report because they appear on both lists, the NRC said. “Reporting under one of these requirements does not obviate the need to report under the other if both apply.”
In the April 2 edition of the Official Journal of the European Union the following trade-related notices were posted: