In the March 12 edition of the Official Journal of the European Union the following trade-related notices were posted:
The European Union issued a notice in the March 11 Official Journal announcing adjustments to certain tariff-rate quotas for agricultural products that will take effect once the United Kingdom leaves the EU or a negotiated transition period ends. The new regulation also sets provisions on treatment of TRQ import licenses issued by U.K. customs authorities after Brexit, as well as how TRQs that have already opened and been partially used will be apportioned on the day the U.K. leaves.
The new Canadian excise duty rates for spirits, wine, tobacco products and cannabis products take effect April 1, the Canada Revenue Agency recently said in a notice. The rates are adjusted annually.
A transition deal on the United Kingdom’s exit from the European Union failed for a second time in the U.K. Parliament on March 12, setting up a series of votes on whether to leave the EU with no deal and whether to delay Brexit, according to a statement following the vote from U.K. Prime Minister Theresa May.
The Canadian Food Inspection Agency sent an AIRS update announcing that it changed the release recommendation for the Pacific cupped oyster originating in the U.S from “Refer to CFIA -- NISC” to “Refuse entry" when destined to the Canadian provinces of New Brunswick, Newfoundland and Labrador, Nova Scotia, Prince Edward Island and Quebec. The change affects goods of Canadian tariff subheading 03.07.11.1888.75.
A recent court ruling in India makes the country’s “Advance Authorization Scheme” for duty exemptions on imported inputs more useful for exporters, KPMG India said in a recent client alert. Indian revenue authorities had made several changes to the program in 2017, making Goods and Services Tax potentially exempt but also creating a “pre-import condition” where the same goods had to be imported, used as inputs and exported for those goods to qualify as duty-free under the AA program. An exporter had sued, saying that the new interpretation made it impossible to use the scheme where goods are manufactured and exported in anticipation of an authorization, and then inputs are imported duty-free against the authorization for further manufacturing and export. The high court of Gujarat sided with the exporter, KPMG said. As a result, all enforcement proceedings against Indian companies for improper use of AA due to the “pre-import condition” rule “would no longer survive,” KPMG said. “This judgment comes as a big relief to these exporters as there would have been a cash flow and interest impact on account of the payment of the disputed IGST [the Integrated Goods and Services Tax]. However, it needs to be seen whether the government issues any clarification or challenges the judgment,” KPMG said.
CBP would like even more public feedback on how to modernize the agency's processes and regulations, CBP said in a notice. CBP said it is reopening the comment period until April 11 to allow for new input after it held a March 1 meeting to discuss a wide range of ideas for updates. The March 1 meeting included few mentions of exports, but the docket of the original request for comments includes multiple suggestions and criticisms on the export side.
The government of Canada recently issued the following trade-related notices for March 8 (note that some may also be given separate headlines):
In the March 7 edition of the Official Journal of the European Union the following trade-related notices were posted:
As long as the trade talks are limited to industrial goods -- which does include fisheries under World Trade Organization rules -- European Union Trade Commissioner Cecilia Malmstrom said she thinks the talks could conclude before the current commission leaves office in late October. Malmstrom was visiting Washington to talk to her counterpart, U.S. Trade Representative Robert Lighthizer, and to give a speech at the Georgetown Law International Update.