1 in 5 toys considered dangerous: The role of customs to protect us
1 in 5 toys considered dangerous: The role of customs to protect us Just before the Christmas festivities, French authorities sounded the alarm regarding toy safety. According to the annual report from the Directorate-General for Competition, Consumer Affairs, and Fraud Control (DGCCRF), published on 12/15/23, nearly one out of every five toys inspected in 2022 […]
The European Public Prosecutor’s Office (EPPO): New Authority against fraud into the EU
The European Public Prosecutor’s Office (EPPO): New Authority against fraud into the EU As international trade has never been so dynamic and intertwined, securing financial flows and fighting against crime constitute a priority. In this regard, at the request of the European Union Commission, the European Public Prosecutor’s Office was created and has been operational […]
Inward processing: How to maximize the benefits for your company
Inward processing: How to maximize the benefits for your company The special inward processing regime proves to be a strategic lever for companies carrying out transformations or repairs of products. It offers the possibility of temporarily importing third-party goods under duty suspension and taxes before transforming them and re-exporting the finished products obtained. One of […]
The United States : Pioneers in the regulation of generative Artificial Intelligence
The United States: Pioneers in the Regulation of Generative Artificial Intelligence In a surprising development, the United States positions itself as the first country to regulate generative Artificial Intelligence. On October 30th, President Joe Biden signed an executive order imposing new obligations on industry giants, including OpenAI and Google, although these measures remain relatively limited. […]
Slowdown in Trade for China
Slowdown in Trade for China: A Sign of a Struggling Economy? China, a major economic powerhouse, has grappled with a significant economic challenge in the first half of this year, marked by a significant decline in its trade activities. June marked the second consecutive month of contraction in both exports and imports, underscoring a growing […]
Expert Committee to Guide the AI Revolution
France Takes Action: Expert Committee to Guide the AI Revolution France has recently set up a committee dedicated to artificial intelligence (AI) with the aim of advising the government on decisions related to this technology. This committee, composed of 15 members from the business, research, and administrative sectors, has a clear mission: to develop concrete […]
BREXIT: Tariffs Endanger Electric Cars
BREXIT: Tariffs Endanger Electric Cars Starting from January 1, 2024, a customs duty of 10% will be imposed on electric vehicles crossing the English Channel. Both the British government and automakers are hoping for a postponement of this measure. Mike Hawes, CEO of the Society of Motor Manufacturers and Traders (SMMT), the British automotive lobby, […]
Generalised preference system ( GPS) extension
Generalised preference system ( GPS) – extension The generalized system of preferences or GPS is a device that allows the import into the European Union of goods originating in developing countries at a reduced or zero rate. In addition, the Commission proposes to extend the system. It was due to change in 2024. As established […]
Carbon tax at Europe’s Borders: A Mechanism for a Sustainable Future
Carbon Tax at Europe’s Borders: A Mechanism for a Sustainable Future By Tiphaine Bernard, Amynthe Levasseur, and Stanislas RoquebertAttorneys at LightHouse LHLF Law Firm After more than a decade of waiting for France and an extensive legislative process at the European Union level, Regulation 2023/956 establishes the Carbon Border Adjustment Mechanism (CBAM). But what is […]
The crucial importance of data quality in customs declaration
The crucial importance of data quality in customs declarations The General Direction of Customs and Indirect Duties (GDCID) recently published a note to operators in order to highlight the constant increase in requests for corrections and invalidations related to errors in customs declarations. This situation underlines the need to comply with customs requirements and to […]
