International Trade Compliance

EU Seeks to Standardize Penalties for Customs Law Violations

December 31, 2013

The European Commission proposed Dec. 13 a directive that specifies acts that would have to be considered infringements of the European Union’s customs rules as well as a framework for imposing punitive sanctions.

CBSA/CBP Reports: Comparison of CSA and ISA Programs; Trusted Trader Stakeholder Consulations

December 26, 2013

CBSA and the US CBP has recently released two reports:

Certificate of Origin Experts Meet to Strengthen Trade Documentation

December 25, 2013

Trade experts from Chambers of Commerce in more than 30 countries have met at the ICC Hearing Centre in Paris for the latest in a series of dialogues on recent developments in Certificates of Origin (CO), including electronic certificates of origin (eCOs), the issuance of preferential certificates of origin (PCOs), and Self-Certification.

Global trade deal reached after 2 decades

December 24, 2013

A deal to boost global trade has been approved by the World Trade Organization's 159 member economies for the first time in nearly two decades, keeping alive the possibility that a broader agreement to create a level playing field for rich and poor countries can be reached in the future.

No Deal Expected at WTO Bali Conference

December 17, 2013

World Trade Organization Director-General Roberto Azevedo told WTO members Nov. 26 that negotiations toward an agreement on trade facilitation, agriculture and developing country concerns have come very close to producing fully agreed texts but a final deal remains “elusive” because members have “stopped making the tough political calls” over the past few days.