Greater clarity regarding new UK border checks is crucial for businesses in both the EU and UK. #BTOM As the second phase of BTOM, the Border Target Operating Model, enters into force today, uncertainty remains for businesses as to how exactly physical checks on goods will work, and how they will be implemented in practice. Customers and businesses will bear the cost of this lack of clarity and the administrative and financial burdens it entails. Organisations importing goods into the UK can obtain information on customs, taxes and licences here: https://lnkd.in/g8YwaWY https://lnkd.in/d3WVrs9t Department for Environment, Food and Rural Affairs | The Institute of Export & International Trade | British Chambers of Commerce | Matt Hinde | Fergus McReynolds | Anna Jerzewska, PhD
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While a lot of attention now goes to the EU CBAM and meeting the first reporting deadlines, one should also keep an eye on CBAM developments in the UK. The UK CBAM will be introduced as of 1 January 2027. Although many details, such as the emissions calculation methodology, are not yet known, the consultations document published by the UK Government last week provides some useful information about the future UK CBAM. At first glance, it looks quite similar to the EU CBAM. But there are some important differences. In particular, the UK CBAM provides for: - a slightly different product scope including glass and ceramics which are not covered by the EU CBAM - a carbon charge calculated separately for different CBAM sectors rather than an obligation to purchase CBAM allowances - different de minimis threshold based on the value of yearly imports rather than the value of individual consignments - different default values - country specific and weighted by production volumes of key UK trading partners. More info about the future UK CBAM and how it compares with the EU CBAM can be found in our latest client alert.
On 21 March 2024, the UK Government launched additional consultation on the introduction of UK carbon border adjustment mechanism (UK #CBAM) from January 2027. The consultation is open for comments until 13 June 2024. The consultation document prepared by HM Revenue & Customs and HM Treasury provides useful information about the possible design and administration of the UK CBAM. While at first sight the UK CBAM may look quite similar to the EU CBAM, there are some important differences between the two mechanisms. Our latest Client Alert has more information on the topic. https://lnkd.in/dMi-fBmC Michelle Linderman | Joanna Redelbach | Tetyana Payosova | Jason Houston-McMillan
UK to launch carbon border adjustment mechanism (CBAM) in 2027
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A really fascinating Reuters article on the fentanyl trade - with some thoughts from Lars-Erik Hjelm!
Akin international trade partner Lars-Erik Hjelm speaks with Reuters about the U.S. Customs and Border Protection’s de minimis rule and the argument that the easing of that regulation may have inadvertently contributed to the U.S. fentanyl crisis. Check out the full piece here: https://lnkd.in/eWiMtfmD #InternationalTrade
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Have you checked our latest blog on 'Carbon Border Adjustment Mechanism (CBAM) FAQs – What UK Exporters Need to Know'? "CBAM is a policy tool designed by the EU, which came into force in October 2023, to address carbon leakage and ensure that the price of carbon emissions is consistent both within the EU and on imported goods." Continue reading to find out more👉https://ow.ly/c0Be50Sf8jq
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It's #TFA explainer time! Every month we will be showcasing a discipline and May is Article 10.2 "Acceptance of Copies". A significant amount of resources is required to lodge the same document with different government authorities. It is also inefficient and harmful to smaller traders. The TFA mandates that government agencies accept copies of certain documents to help alleviate this burden. Do you have a provision of the #TFA you'd like to see next? Let me know!
Did you know the #TradeFacilitation Agreement includes a rule stating that border agencies will accept, whenever appropriate, copies of documents for trade paperwork? Find out more: https://bit.ly/4dWSlNd
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Akin international trade partner Lars-Erik Hjelm speaks with Reuters about the U.S. Customs and Border Protection’s de minimis rule and the argument that the easing of that regulation may have inadvertently contributed to the U.S. fentanyl crisis. Check out the full piece here: https://lnkd.in/eWiMtfmD #InternationalTrade
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If you care about U.S. trade violation activity, there’s now a dashboard for that: U.S. Customs and Border Protection (CBP) has launched two oversight platforms anyone can view to see what's going on in trade violation and enforcement actions. The post If you care about U.S. trade violation activity, there’s now a dashboard for that first appeared on Federal News Network. #FedearlNewsRadio #News
If you care about U.S. trade violation activity, there’s now a dashboard for that
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e2open’s latest blog post on the EU’s Carbon Border Adjustment Mechanism (#CBAM) caught the attention of Talking Logistics and earned an “Editor’s Pick” feature. Learn about CBAM’s implications for trade and what it means for businesses navigating carbon regulations in the feature below!
[Editor’s Pick] The Carbon Border Adjustment Mechanism: Reshaping Global Trade for a Greener Future
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A brief summary on how new 'Brexit Border Charges' may affect UK firms and the economy. Check my blogpost here: https://lnkd.in/gbPUDn9a
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April brings the next tranche of EU border control changes - this blog summarises what you need to know as a manufacturing business. #Manufacturing #EUborder
April changes to EU border controls: Explainer for your team
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It is crucial for importers to understand and comply with the Carbon Border Adjustment Mechanism (CBAM) and for suppliers to understand their requirements to ensure a smooth transition and contribute to achieving a sustainable future. In our guide, we explain the scope and applicability of requirements, the key considerations for both importers and suppliers, and how CEN can help you with compliance. https://lnkd.in/e8dRrN-m
Navigating the Carbon Border Adjustment Mechanism (CBAM): A Guide for importers and suppliers post 1st July 2024
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