Article | 2.5 minute read
The UK government introduced the UK Forest Risk Commodity Regulation (UKFRC) as part of the Environment Act of 2021. As the UK’s equivalent to the EU Deforestation Regulation (EUDR), this legislation aims to combat global illegal deforestation by ensuring that British company supply chains do not contribute to the problem. For consumers, this provides the assurance that their purchases are not contributing to illegal deforestation.
In July, the Centralised Clearance for Import (CCI) system entered its initial phase, enabling a streamlined customs process across multiple EU member states. Designed to simplify and harmonise the import procedure, CCI allows authorised economic operators (AEOs) to manage customs declarations centrally while goods are physically presented in another member state.
Last month, the Netherlands Bureau for Economic Policy Analysis (CPB) published a research report on the potential impact of new American import tariffs on the Dutch and European economy. While the research conclusions were largely positive, with the CPB expecting only limited effects, we should remain cautious given the many assumptions underlying this analysis. This means we must continue preparing for Trump's new tariff era.
Article | 3.5 minute read
Last week, Donald Trump, the self-proclaimed 'tariff man', won the U.S. presidential election by a landslide. His administration is likely to impose substantial import tariffs on all European goods entering the United States, making it crucial for businesses to prepare.
The EU Carbon Border Adjustment Mechanism (CBAM) enters a critical phase in Q3 2024, with significant changes to reporting requirements. Importers must transition from using default values to reporting actual embedded emissions for goods released into free circulation from July 1, 2024. This update provides crucial information about these changes and how to prepare for the October 31, 2024 reporting deadline.
Article | 2 minute read
The European Commission proposes a major reform of the Union Customs Code, introducing a new 'Trust and Check' trader status. This overhaul, planned for 2028-2037, aims to modernise EU customs procedures, promising improved efficiency and security. However, it raises concerns about data privacy and its impact on SMEs and customs representatives.
Article | 3 minute read
Dutch parliamentary work extends far beyond the iconic blue-chaired plenary hall. In smaller, less visible committee rooms, MPs tackle numerous critical issues that shape the nation's future, including last week's debate on Customs. In this article, we examine the key points discussed and their potential impact on the Netherlands' role in global trade.
On 5 January 2023, the Corporate Sustainability Reporting Directive (CSRD) came into force. Read here what exactly it entails and what it means for your company.
At Gaston Schul, our strength lies in our team. Our people bring passion and a personal touch to everything they do. In this series we introduce you to the real faces behind Gaston Schul and who drive our customers success.
