The transitional phase of the EU Carbon Border Adjustment Mechanism (“CBAM”) is now underway with the deadline for submitting the first CBAM quarterly reports having already passed on 31 January 2024 (although with an extension until the end of February).* The CBAM requires importers to report the embedded greenhouse gas emissions in carbon-intensive goods (initially aluminium, cement, iron and steel, electricity, fertilisers and hydrogen) and, from the commencement of the operational phase in 2026, purchase “CBAM…
The Department for Business and Trade (“DBT”) announced in a January 2024 Policy Update its intention to propose legislation in Spring 2024 which would…
Joint Commitment of Singapore and Malaysia to establish a Special Economic Zone in Johor The signing of a memorandum of understanding on 11 January…
Indonesian Ministry of Trade (MOT) issued a new MOT Regulation No. 36 of 2023 on Import Policy and Import Arrangement on 11 December 2023…
The EU has held political talks on a law that will ban the sale on the EU market of products made with forced labour,…
On 25 January 2024, the EU Commission confirmed and adopted the Delegated Regulation no. 5831/24 (“Regulation”) that incorporates binding valuation information (“BVI”) decisions in…
The first filings under the Carbon Border Adjustment Mechanism (CBAM) must be submitted by importers by 31 January 2024. CBAM is the EU’s landmark…
On 5 January 2024, the Ministry of Commerce of China (“MOFCOM”) initiated an antidumping investigation of brandy imported from the European Union (“EU”). Key…
As of 1 January 2024, Switzerland will abolish its industrial tariffs on the import of industrial goods. This measure will apply to goods in…