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…
Details23 June 2021 – The EU is introducing new rules on VAT applied to cross-border e-commerce sales on July 1, 2021. Marius Penninks of FedEx explains the new system and discusses what preparedness looks like for express logistics and transportation companies and their customers. On July 1, 2021, as one of the priorities under the Digital…
Details22 June 2021 – The Ministry of Commerce expects the Regional Comprehensive Economic Partnership (RCEP) agreement – signed by Cambodia and 14 other countries in November – to enter into force on January 1. Ratification of the trade deal is expected to open up more new markets as well as upgrade the Kingdom’s value chains…
Details22 June 2021 – Govt proposes appointing chief compliance officer, nodal contact person mandatory for companies The Centre is planning fresh guidelines for e-commerce companies, including appointment of a chief compliance officer, giving preference to the sale of locally produced goods, mandatory registration of e-tailers with Department for Promotion of Industry and Internal Trade (DPIIT),…
Details22 June 2021 – The contraband seized during the operation conducted by JKDM last week. The Royal Malaysian Customs Department (JKDM) has seized various types of contraband cigarettes and alcoholic beverages worth over RM900,000 at Batu Niah in Miri during an operation conducted last week. Sarawak JKDM director Herman Shah Abdullah said the operation was…
Details21 June 2021 – PESHAWAR: A delegation of businessmen from Khyber Pakhtunkhwa called on Federal Minister for Railways, Muhammad Azam Khan Swati and apprised him about the problems being faced by them due to lack of facilities at Azhakhel Dry Port in the Nowshera district of KP. Zia-ul-Haq Sarhadi, a prominent businessman and convener for…
Details21 June 2021 – Worldwide shipping and the air freight industry are in turmoil, with sea freight rates continuing to spiral out of control, global port congestion including port closures, vessel omitting ports, cyber attacks on the industry and the ever-increasing airfreight rates due to limited space and restrictions. There are some key situations that…
Details21 June 2021 – Seven of these vehicles were seized from various ports of Philippines including Manila International Container Port, Port of Manila and Port of Subic. The destruction of the vehicles follows the Presidential Directive 2017-447, in which President Rodrigo Roa Duterte reiterated the need to destroy smuggled vehicles to send a strong message…
Details20 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…
Details17 June 2021 – Background Since 1 January 2021 a range of new steps must be completed in order to move goods under the transit procedure via Great Britain. Depending on the model used by operators to manage the transit (e.g. in-house or via a customs agent), there is flexibility as to who completes a…
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