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Global trade
Trade forms the backbone of the world’s economies, spurring investment, job creation, economic growth, and raising standards of living.
EY Global Trade Updates
- TradeWatch 1, 2024 Global Insights
- Americas Insights
- Asia-Pacific Insights
- EMEIA Insights
- Sustainability
- TradeFlash February 2024
TradeWatch Global Insights
The Global Insights section of our latest TradeWatch publication covers a wide range of trade topics and developments from around the world. On the agenda of this Issue 1, 2024:
- Top seven trade trends in 2024
- How trade technologies and automation are transforming customs and trade functions
- Report on the World Trade Organization’s 13th Ministerial Conference
- The conflict between transfer pricing and customs valuation
TradeWatch Americas Insights
Under our Americas chapter, focus is on:
- Brazil: Implications of the tax reform on global trade
- Mexico: IMMEX Program — the competitive edge
- US: Latest CBP ruling addresses limitations surrounding customs business
TradeWatch Asia-Pacific Insights
The Asia-Pacific chapter focuses on key issues, with the following articles:
- Australia accelerates its transition towards paperless trade
- Japan: 2024 tax reform changes to the customs law
- New Zealand: Customs agency loses valuation case on the treatment of royalties for valuation purposes
TradeWatch EMEIA Insights
Under the EMEIA chapter, authors focus on:
- European Union: First vote on EU customs reform
- India: Bureau of Indian Standards
- South Africa: Transfer pricing adjustment rules
- Türkiye: Removal of right to deduct import VAT
Sustainability
In this edition of TradeWatch, we highlight some key sustainability topics and issues impacting the trade function, including:
- EU and UK: Update on the Carbon Border Adjustment Mechanisms (CBAMs)
- Germany: Excise tax legislative developments related to packaging and meat products
- Thailand: Incentives for production of battery-powered electric vehicles
TradeFlash February 2024
Welcome to the newest edition of the TradeFlash newsletter, a roundup of the latest developments in global trade around the world.
In this issue, we provide links to EY articles and webcasts covering key trade topics, many of them focused on the impact of sustainability on international trade including Carbon Border Adjustment Mechanisms (CBAMs) in the European Union (EU) and United Kingdom (UK). We also provide links to two important EY reports, Top 10 geopolitical developments for 2024 and EY International Tax and Transfer Pricing Survey 2024, which detail key trends in geopolitics and transfer pricing that are having an impact on international supply chains and global trade.
Previous TradeWatch and TradeFlash editions
TradeWatch 3, 2023
TradeWatch 2, 2023
TradeWatch 1, 2023
TradeFlash Oct 2023
TradeFlash Feb, 2023
TradeFlash Feb, 2022
How EY can help
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Our indirect tax and global trade team can help your business strategically meet its tax obligations and resolve tax controversy. Find out more.
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Our excise tax professionals can help your business reduce its risk, enhance compliance and build a unified tax strategy. Find out more.
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Our indirect tax compliance service professionals can help you meet your compliance obligations and business goals around the world. Find out how.
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Our Geostrategic Business Group (GBG) can help your business translate geopolitical insights into business strategy to manage political risk. Find out how.
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Our Corporate, Commercial and SME (CCSB) Banking services team can help your business navigate through rising market expectation. Learn more.
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Our flexible EY Trade Connect technology platform can help your business view its trade operations with clarity and act with precision. Learn more.
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The team
Jeroen Scholten
EY Global Trade Leader, Indirect Tax
University lecturer. Podcast enthusiast. Global trade account leader across multiple sectors.
Amsterdam, NLD
J. Michael Heldebrand
Partner, Global trade, Ernst & Young LLP
Transformational market leader passionate about relationship development and inspiring others with vision. Committed to promoting diversity and inclusiveness. Married and dad to two teenage daughters.
San Jose, USA
Marc Bunch
EY UK Global Trade Leader; UK Plastic Packaging Tax Partner
Global Trade Partner. Advises multinational companies on improving their trade effectiveness.
London, GBR
Lynlee Brown
Partner, Global Trade, Ernst & Young LLP
Partner in Global Trade focused on customs valuations matters. With two young sons, stays busy outside of work as well.
San Diego, USA
Neil Byrne
EY EMEIA Tax Center Global Trade Leader; Partner, Ernst & Young Ireland
Lead Customs partner at EY Ireland. Experienced in strategic customs and trade solutions. Advises clients on a Global and regional basis. Associate of the Institute of Taxation.
Dublin, IRL
Sally Jones
EY UK Trade Strategy and Brexit Leader
Trade Strategy Partner. Helping companies and governments enhance trade. Mother of three. Astronomer.
London, GBR
Walter De Wit
EY Global Trade Indirect Tax Partner
Experienced partner and thought leader in indirect tax and global trade. Family man. Father of three sons. Loves golf, hiking and wine.
Amsterdam, NLD
Walter De Wit
EY Global Trade Indirect Tax Partner
Experienced partner and thought leader in indirect tax and global trade. Family man. Father of three sons. Loves golf, hiking and wine.
Amsterdam, NLD
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