[LONDON] Improving digital trade would provide huge opportunities for British businesses and help boost economic growth, the government’s Board of Trade said, setting out how it aims to become a world leader in modern services and online goods.
05 August 2021 – A new ‘customs procedure code’ will facilitate the faster movement of goods through smaller ports, an international trade and customs expert has said. Customs procedure codes (CPCs) are entered onto customs declarations to identify the customs and/or excise regimes which goods are being entered into and removed from (where this applies).…
03 August 2021 – HM Revenue and Customs (HMRC) has today announced that the Customs Declaration Service (CDS), a system founded on world-leading technology, will serve as the UK’s single customs platform from 31 March 2023. HMRC will be closing its Customs Handling of Import and Export Freight (CHIEF) system on 31 March 2023. Hence, from…
04 July 2021 – Certain goods are now allowed to be cleared through customs prior to the completion of the applicable forms, which must be submitted no later than 90 days after receiving the merchandise or registration for customs declaration, whichever occurs first. This is according to a directive issued by the Ministry of Economy…
28 June 2021 – The EU-UK Trade and Cooperation Agreement On 24 December 2020, the EU and the UK reached an agreement on the terms of their relationship following the UK’s withdrawal from the EU. The EU-UK Trade and Cooperation Agreement (TCA) formally entered into force on 1 May 2021 and provides for zero tariffs and zero…
20 June 2021 The General Department of Customs and Excise of Cambodia (GDCE) was due to launch version 4.3.3 of the online Automated System for Customs Data (Asycuda) on June 21, in an effort to modernise the platform and make the customs clearance process more convenient, fast and efficient, as well as to promote trade…
17 June 2021 – In the coming years, the new international and development policies of China, the United States and the European Union will significantly overlap, as China’s 14th Five-Plan Plan (2021-25) period coincides with the terms of the Joe Biden administration and the European Commission (2019-24). The year 2021 is special for China as…
13 May 2021 – The SAP enforcement action was certainly a game-changer in trade sanction enforcement. It was the first Justice Department (DOJ) National Security Section enforcement action under the under the Justice Department’s Export Control and Sanctions Enforcement Policy. Mike Volkov, channeling his inner Grace Slick, called it “a New Dawn”. Moreover, although the enforcement…
10 May 2021 – Agility and the ability to adapt to difficult circumstances remains the No. 1 attribute for freight forwarders—but the pandemic put them to the test. Today, the leading forwarders are investing in technology that not only increases efficiency, but also enhances operations and creates new global solutions. The global COVID-19 pandemic has created a…
7 May 2021 – Suning International, the international business arm of Chinese retail giant Suning Group, unveiled a new cross-border initiative that will see the company partner with foreign brands that are seeking entry and expansion into the world’s second largest economy. Leveraging its global supply chains and digital capabilities, Suning International is offering overseas…
