Global trade
Trade forms the backbone of the world’s economies, spurring investment, job creation, economic growth, and raising standards of living.
Global trade is being increasingly disrupted as tariff tensions, political unpredictability, protectionist policies and regulatory uncertainty challenge established business models and trade relationships.
The resulting inefficiencies were challenging when the trade environment was stable. But in our increasingly volatile times with COVID-19, Brexit as well as trade and political tensions at both local and global levels, the stakes are far higher.
Now should be a breakthrough era for international trade, as technological advances are making new forms of business possible, built on a foundation of data and insight. EY professionals can help you build an integrated approach by:
- Shaping responses to changing global tariffs and trading relationships
- Reducing cost, risk and delays from your trade network
- Driving better insights through data
- Reimagining your supply chain operating model
- Leveraging technologies
EY Global Trade Updates
TradeWatch Global Insights
The Global Insights section covers a wide range of trade topics and developments from around the world:
- How can businesses navigate government supply chain resilience initiatives?
- Navigating the gender disparity gap in trade – if not now, when?
- What the WTO’s 12th Ministerial Conference outcomes mean for business
TradeWatch Americas Insights
Under our Americas chapter, focus is on:
- US: Developments in export controls and sanctions
- US: Ready-to-drink alcoholic beverages — new classifications enable substitution drawback
TradeWatch Asia-Pacific Insights
The Asia-Pacific chapter focuses on a key market, with the following article:
- China: Pilot program for collaborative management of transfer pricing and customs values in Shenzen
TradeWatch EMEIA Insights
Under the EMEIA chapter, authors discuss the impact on business of some key court rulings, including:
- CJEU rules on the liability of indirect customs representative for import VAT
- EU: CJEU rules on use of statistical data for determination of customs value
- EU: New version of Compendium on Customs Valuation released
- Germany: Hamamatsu – the journey nears its end
- Norway: Common errors when importing and exporting goods
- Switzerland: Elimination of import customs duties on industrial goods from 1 January 2024
- United Arab Emirates: Key Trade Agreement plans for 2022
Focus on Sustainability
As the sense of urgency around climate change and the environment continues to grow, businesses are facing rapidly changing policies, shifting stakeholder expectations and evolving business priorities.
In this edition of TradeWatch, we highlight some key sustainability topics and issues impacting the trade function, including:
- Opportunities arising from the EU’s new plastic packaging measures
- New plastic taxes in Italy
- Upcoming carbon measures in the EU and UK.
Previous TradeWatch and TradeFlash editions
TradeFlash July 2022
TradeFlash Feb 2022
TradeWatch 1, 2022
TradeWatch 3, 2021
TradeWatch 2, 2021
TradeWatch 1, 2021
TradeConnect
How can you spend less time on tactical/transactional activities and more on strategic and focused activities that create value? One way is to turn to EY Trade Connect — a modular technology platform that links EY clients to a broad spectrum of managed services that can adapt and evolve with the changing needs of the business.
Read more about our global trade operation services
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