Blogs

WCO and WCS to collaborate on illegal wildlife trade

The World Customs Organization (WCO) and the WCS (Wildlife Conservation Society) signed a Memorandum of Understanding (MoU) aimed at reducing the amount of illegal wildlife products moving across international borders. The MoU was signed by Dr. Cristián Samper, WCS President and CEO, and Kunio Mikuriya, Secretary General of the WCO.

Complementary amendments to the Harmonized System

Complementary amendments to the HS Nomenclature 2017 Edition have been accepted as a result of the Council Recommendation of 11 June 2015.

After the acceptance of the HS 2017 amendments as a result of the Council Recommendation of 27 June 2014, the HS Contracting Parties highlighted the need to make certain further corrections and amendments, to accommodate :...

New WCO Guide for the Technical Update of Preferential Rules of Origin

Classification and origin determination of goods are closely interlinked. It is therefore critically important to update Rules of Origin (i.e. Product Specific Rules) to ensure consistency between HS classification and origin determination. This would help to prevent misapplication of Rules of Origin, ensure efficient and effective revenue collection and facilitate trade.

Happy Holidays!

WTO members secure “historic” Nairobi Package for Africa and the world

WTO members concluded their Tenth Ministerial Conference in Nairobi on 19 December by securing an historic agreement on a series of trade initiatives. The “Nairobi Package” pays fitting tribute to the Conference host, Kenya, by delivering commitments that will benefit in particular the organization’s poorest members.

This has been excerpted from a 19 December 2015 news item by the WTO and is available in its entirety at: https://www.wto.org/english/news_e/news15_e/mc10_19dec15_e.htm

2016 IFCBA WORLD CONFERENCE

The 2016 World Conference of the IFCBA, Facilitating Trade Through the Customs-Business Connection, will take place from May 17-21 at the WH Ming Hotel in Shanghai, China. Please click here to view the conference page, and to register.

Trans-Pacific Partnership (TPP)

A first overview of the main features of the origin provisions contained in the Trans-Pacific Partnership (TPP) has been published as part of the Comparative study on Preferential Rules of Origin. A more detailed comparison between the Agreement and the existing origin models will be conducted once the final text is available.

Switzerland-Argentina DTA To Enter Into Force

The new double tax agreement (DTA) between Switzerland and Argentina will enter into force on November 27, 2015, after Switzerland completed its ratification procedures.

On October 28, Switzerland notified Argentina that it had completed the necessary procedures. The contractual text of the DTA states that it will enter into force 30 days after the latter of the two notifications has been submitted.

Second Round of Negotiations Conclude Between South Korea and Central America

After two rounds of formal negotiations between the authorities of South Korea and Central America, it seems that the free trade agreement (FTA) between the two blocs is feasible and profitable for everyone involved.

In this latest round of negotiations, the topics of market access, rules of origin, technical barriers to trade, sanitary and phytosanitary measures, trade defense, institutional matters, dispute resolution, customs procedures and trade facilitation were discussed.

Tariff Elimination of the Pacific Alliance Could Occur in Early 2016

The countries of the Pacific Alliance, Mexico, Colombia, Peru and Chile could see the elimination of tariffs as early as the first quarter of 2016, said Francisco de Rosenzweig, Undersecretary of Foreign Trade of the Ministry of Economy of Mexico.

Colombia has already completed its internal approval process for starting the reduction. Chile and Peru are making progress with their countries' respective approval processes, and the Mexican Senate hopes to approve the initiative in this regular session period, which ends in December 2015.

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