Trade Archives

Customs and FTAs week: key trending customs and compliance developments

May 23, 2024 By Nicole Looks, Thomas Kukanza, Sylvain Guelton, Esmee Kooke, Jennifer F. Revis, Virusha Subban, Laya Aoun-Hani, Carolin Insel, Kelvin Hong, Albert Arenas, Jessica Mutton, Lionel Van Reet, Chandri Navarro, Adriana Ibarra Fernández and Alexandra Lambert 6 Mins Read

For the third week, we continued our Annual Compliance Conference with key customs developments impacting on businesses today. Specifically, we discussed the reform of the Union Customs Code in the EU, key trending customs developments in EMEA, and different methods of driving significant financial savings in global supply chains. EU customs reform: biggest overhaul since 1968 Tuesday 14 May SPEAKERS: Nicole Looks (Partner, Amsterdam), Thomas Kukanza (Senior Trade Advisor, Brussels), Sylvain Guelton (Senior Associate, Brussels),…

Global: Annual Compliance Conference 2024 (webinar series)

April 3, 2024 By Kate Bullard and Tessa Gromia 1 Min Read

Our popular Annual Compliance Conference, which attracts over 4,000 in-house senior legal and compliance professionals every year from across the world, will be taking place from 30 April – 6 June (with a vacation break during the week commencing 27 May). We will be delivering our cutting-edge insights and guidance virtually on key global compliance, investigations and ethics trends. We invite you to join us to gain practical insights and analysis on significant developments across: View…

Navigating Global Anti-Dumping Procedures: A Comparative Table of Anti-dumping Procedures in Key Jurisdictions

August 31, 2023 By Arnoud Willems, Christine Streatfeild, Frank Pan, Francisco Niclós Negrão, Junko Suetomi, Dr. Bregt Natens and Klaudia Walczak 2 Mins Read

In the realm of international trade, the anti-dumping instrument plays a crucial role in safeguarding domestic industries against unfair trading practices. The high number of anti-dumping investigations initiated around the world, as well as an increasingly broad product scope (such as touted cases on hydrogen or electric vehicles), mean that many internationally active companies will need to be aware of anti-dumping. While World Trade Organization law sets out the general framework for municipal anti-dumping rules,…

Efforts to Curtail the Global Race on Industrial Subsidies

August 30, 2023 By Arnoud Willems, Dr. Bregt Natens, Vineet Hegde, Pablo Bentes and Claude Chase 6 Mins Read

Background Discussions at the World Trade Organization (“WTO”) on key issues concerning the regulation of international trade are intensifying in the lead up to the 13th biennial meeting of the highest decision making organ of the organization — the Ministerial Conference — scheduled to take place from 26-29 February 2024 in Abu Dhabi (“MC13”). Several informal meetings are being held in Geneva to streamline the work programme for MC13. One such meeting, scheduled to take…

The WTO: a powerful but undervalued organization for customs valuation issues

June 9, 2023 By Arnoud Willems, Lionel Van Reet, Jennifer F. Revis, Dr. Bregt Natens and Ines Willemyns 4 Mins Read

World Trade Organization (“WTO”) Members laid out several key principles for determining the customs value of imported goods in the 1995 Customs Valuation Agreement (“CV Agreement”) with the aim of ensuring that the value of Members’ tariff concessions would not be nullified or undermined. Nonetheless, the WTO is – incorrectly – seldomly considered as a relevant forum for addressing customs valuation issues. This blog post highlights two avenues at the WTO for dealing with customs…

EU Anti-dumping and Anti-subsidy Duty Enforcement: Increased Actions Against Imports from Türkiye

June 1, 2023 By Arnoud Willems, Can Sozer, Dr. Bregt Natens and Ines Willemyns 3 Mins Read

Türkiye as a Target for EU Trade Remedy Measures – What Turkish Exporting Producers Should Know The European Union (EU) actively uses anti-dumping and anti-subsidy (or countervailing duty) investigations to protect the EU manufacturing industry from competition from imports. Imports from Türkiye are a prime target for these investigations: in the past 20 years, imports from Türkiye were targeted in 15 anti-dumping and anti-subsidy investigations. Five of these investigations were initiated in the last three…

European Union: “FIT FOR 55”- Carbon Border Adjustment Mechanism regulation signed

May 11, 2023 By Ana Royuela, Oliver Pendred, Albert Arenas and Thijs van Luijt 7 Mins Read

On 10 May 2023 the Council of the European Union and European Parliament signed the regulation implementing the EU Carbon Border Adjustment Mechanism (“CBAM”). CBAM will enter into force twenty days after it is published in the Official Journal of the European Union. Below we will provide further detail on the regulation and highlight some aspects that have been amended when compared to the initial proposal. The new CBAM Regulation is targeted at imports of products…

Belgium: New tax reporting obligations for payment service providers as of 2024

April 7, 2023 By Alain Huyghe, Julie Permeke, Olivier Van Baelen and Olivier Van den Broeke 1 Min Read

Baker McKenzie’s Global Compliance Blog published “Belgium: New tax reporting obligations for payment service providers as of 2024,” which can be viewed here.

Mexico’s Implementation of USMCA Forced Labor Import Ban

March 7, 2023 By José Hoyos-Robles and Eunkyung Kim Shin 1 Min Read

Baker McKenzie’s Global Supply Chain Compliance published “Mexico’s Implementation of USMCA Forced Labor Import Ban,” which can be viewed here.

New EU foreign subsidies regime will impact many large businesses operating in Europe – preparing to minimise that impact is now urgent

January 4, 2023 By Fiona Carlin, Bram Hoorelbeke and Nina Niejahr 1 Min Read

Baker McKenzie’s Global Compliance News Blog published “New EU foreign subsidies regime will impact many large businesses operating in Europe – preparing to minimise that impact is now urgent,” which can be viewed here.