Similar content

Customs authorities are showing a growing interest in adopting artificial intelligence (AI), the broad category of science that entails simulating human thinking capability and behaviour. As … stated in a joint paper published by the World Customs Organization, (WCO) and the World Trade Organization (WTO) entitled The role of advanced technologies in cross-border trade: A Customs perspective, “around half of Customs authorities use some combination of big data analytics, AI and machine learning, while the other half plans to do so in the future.”

China Customs plays a key role in the administration of rules of origin, from their formulation to their implementation. Insiders who follow trade and Customs reforms in China may have noticed … the emergence, in recent years, of new expressions and terms in this domain, such as “self-service printing of certificates of origin”, the Electronic Origin Data Exchange System (EODES) and “intelligent examination”. This article explains each of these terms.

The Regional Comprehensive Economic Partnership (RCEP) is becoming the world’s largest existing free trade agreement in terms of economic size. Aimed at further integrating the economies of Southeast … and Northeast Asia, the RCEP sets high requirements on Customs in terms of procedures, processes and performance. This article looks at the agreement from a Customs perspective and puts forward suggestions for its effective implementation.

The European Commission has published its 39th Annual Report on the use of trade defence instruments (TDIs) in 2020. The TDIs are applied to prevent unfair trade practices, mainly cheap imports … due to dumping or subsidies, which harm EU producers. However, EU importers, especially SMEs, are often caught by a newly launched TDI unprepared and not aware of the unfair trade. The price of unawareness is high - the amount of import duties to be paid may be similar to the price of the goods themselves.

The article analyses new strategic document of the EU’s Commission (presented to the public in February, 2021, and currently discussed in other EU institutions) called “Trade Policy Review - … An Open, Sustainable and Assertive Trade Policy”. This document (strategy) aims to establish a new consensus for trade policy in the EU and sets new core objectives for the regulation of trade and customs issues with specific third countries. Taking into account this aspect, this article summarizes and critically evaluates the provisions of the new strategy designed to regulate trade with the EU's main foreign trade partners (United States, China, Russia, India, other countries of the BRICS region) and describes the significance of the strategy for international trade business and its taxation.

Reader's question: Can anti-dumping duties and countervailing duties apply simultaneously to the same product? In response to this question, here we provide a practical example of importing electric … bicycles from China and review trade defence instruments - anti-dumping, countervailing and safeguard duties.

The global market and increasing competition among market participants encourage unfair trade practices. Various anti-dumping measures are in place to stop unfair trade and protect EU producers. … The number of anti-dumping measures is growing every year in the EU, which ensures fair trade and reduces the formation of monopoly positions on the market. From 2019, the EU more focuses on small and medium-sized enterprises (SMEs) to protect them from unfair trade by simplifying procedures. The anti-dumping and anti-subsidy measures have led to an average reduction of 80 per cent in unfair trade. This shows that the anti-dumping measures in the EU are working effectively.