On February 10, 2025, President Trump signed a new Proclamation abolishing as of March 12, 2025 the quota system for the EU and imposing 25% tariffs on all steel products imported into the U.S.. This effectively puts the end to current agreement between the U.S. and the EU which kept the tariffs on steel and
European Union
Navigating Compliance: Preparing for the EU Corporate Sustainability Due Diligence Directive
Posted in Supply Chain
The Corporate Sustainability Due Diligence Directive represents a significant step in aligning corporate activities within sustainable and ethical practices, reinforcing the EU’s commitment to environmental and human rights standards.
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EU Parliament Approves Forced Labor Ban
Posted in Uncategorized
The European Parliament today voted overwhelmingly in favor of adopting a regulation banning all products made with forced labor from the European Union, with 555 votes in favor, 6 votes against, and 45 abstentions. The approval comes a little over a month after the Parliament and the European Council reached a deal on a draft…
Making the EU Courts More Efficient for Trade-Related Decisions
By Vassilis Akritidis & Oleksii Yuzko on
Posted in European Union (EU)
In recent years, the number of cases brought before the Court of Justice of the European Union (CJEU) has significantly increased. To address this, the European Council has adopted changes that should give the CJEU considerably more flexibility in how it handles certain preliminary ruling requests, and in particular those relating to international trade issues. …
The EU CBAM Transitional Period Begins: A Practical Guide for EU Importers
By Vassilis Akritidis & Oleksii Yuzko on
Posted in CBAM, European Union (EU)
- Key takeaway #1 The CBAM is an important element of the EU’s green agenda efforts, and the current transitional period should serve the purpose of learning and improving the CBAM scheme.
- Key takeaway #2 The CBAM provides for a complex set of calculation methodologies with the possibility to use under
Reforming the Union Customs Code: a proposal from the European Commission towards harmonizing European Union customs digitalization
By Vassilis Akritidis & Oleksii Yuzko on
Posted in European Union (EU), Union Customs Code
- Key takeaway #1 The European Commission has proposed reforming the Union Customs Code to strengthen the legal framework for customs and bring it into line with recent changes in IT technologies and e-commerce while improving the harmonization of EU customs rules.
- Key takeaway #2 In principle, customs digitalization should be