International Chamber of Commerce’s Post

View organization page for International Chamber of Commerce
International Chamber of Commerce

232,095 followers

Outdated tariff codes can have real costs for businesses. When tariff classifications and rules of origin in free trade agreements use different Harmonized System editions, businesses face additional compliance work and uncertainty when determining whether their goods qualify for preferential tariffs. This can be particularly challenging for businesses operating across multiple FTAs. Our latest policy paper examines technical rectification can help keep rules of origin aligned with changes to the Harmonized System. Read the paper: https://bit.ly/3TB9Du0 World Customs Organization

Paula Baena 5d

World Customs Organization

Like
Reply
6 Reactions
Anna Bartoshchuk 5d

Very timely paper. CUSMA and CPTPP require the parties to consult and prepare rule of origin updates before a new HS edition comes into force. With HS 2028 starting on 1 January 2028, I wonder how many FTAs have already started this work, and do they have a legal obligation to update at all?

Like
Reply
2 Reactions
See more comments

To view or add a comment, sign in

More Relevant Posts

  • Alfonso Ortiz

    And the only constant thing in life is change. 😁 Stay tuned with Imperative Logistics for more Trade Compliance Market Updates! 🧠 💡 🚨

    Imperative Logistics

    1,123 followers

    IEEPA Tariff Refunds: A Significant Development for Importers A recent ruling by the U.S. Court of International Trade marks an important development in ongoing litigation over IEEPA tariffs. Have questions about your customs documentation or import entries? Connect with our team to discuss your logistics and compliance needs. https://lnkd.in/eZum88A3 What does this mean for importers? ✔ Class certification creates a potential path to relief for eligible importers without requiring each to file an individual lawsuit. ✔ Refunds have not been ordered. Further court proceedings and potential appeals could affect the process. ✔ Key dates to watch: a court conference on October 13 and a proposed schedule due October 22. The next steps in the case are still unfolding, and other pending legal proceedings could affect the ultimate process for relief. We continue to monitor trade and customs developments to help businesses navigate changing requirements and prepare for potential impacts on their supply chains. #IEEPATariffs #TariffUpdates #CustomsCompliance #InternationalTrade #SupplyChainManagement

    • No alternative text description for this image

    To view or add a comment, sign in

  • Imperative Logistics Group®

    2,452 followers

    IEEPA Tariff Refunds: A Significant Development for Importers A recent ruling by the U.S. Court of International Trade marks an important development in ongoing litigation over IEEPA tariffs. Have questions about your customs documentation or import entries? Connect with our team to discuss your logistics and compliance needs. https://lnkd.in/eZum88A3 What does this mean for importers? ✔ Class certification creates a potential path to relief for eligible importers without requiring each to file an individual lawsuit. ✔ Refunds have not been ordered. Further court proceedings and potential appeals could affect the process. ✔ Key dates to watch: a court conference on October 13 and a proposed schedule due October 22. The next steps in the case are still unfolding, and other pending legal proceedings could affect the ultimate process for relief. We continue to monitor trade and customs developments to help businesses navigate changing requirements and prepare for potential impacts on their supply chains. #IEEPATariffs #TariffUpdates #CustomsCompliance #InternationalTrade #SupplyChainManagement

    • No alternative text description for this image

    To view or add a comment, sign in

  • Imperative Logistics

    1,123 followers

    IEEPA Tariff Refunds: A Significant Development for Importers A recent ruling by the U.S. Court of International Trade marks an important development in ongoing litigation over IEEPA tariffs. Have questions about your customs documentation or import entries? Connect with our team to discuss your logistics and compliance needs. https://lnkd.in/eZum88A3 What does this mean for importers? ✔ Class certification creates a potential path to relief for eligible importers without requiring each to file an individual lawsuit. ✔ Refunds have not been ordered. Further court proceedings and potential appeals could affect the process. ✔ Key dates to watch: a court conference on October 13 and a proposed schedule due October 22. The next steps in the case are still unfolding, and other pending legal proceedings could affect the ultimate process for relief. We continue to monitor trade and customs developments to help businesses navigate changing requirements and prepare for potential impacts on their supply chains. #IEEPATariffs #TariffUpdates #CustomsCompliance #InternationalTrade #SupplyChainManagement

    • No alternative text description for this image

    To view or add a comment, sign in

  • Hamidreza Farrokhzad

    𝗨𝗞 𝗺𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗲𝗿𝘀 𝗳𝗮𝗰𝗲 𝗮𝗻 𝗲𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝘁𝗮𝗿𝗶𝗳𝗳 𝗱𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 as European officials press London to match duties on Chinese electric vehicles. The 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗶𝗺𝗲𝘀 reports that while the UK has lobbied intensely for equal treatment of its industrial exports, ministers continue to rule out rejoining a formal customs union. This policy gap creates immediate friction for cross-border supply chains. Without aligned external tariffs, British components integrated into vehicles assembled domestically may encounter regulatory hurdles at continental borders, regardless of bilateral trade agreements. 𝗕𝗗 𝗔𝗻𝗴𝗹𝗲: For account teams managing automotive or industrial channels, this dynamic requires examining current contract terms regarding origin verification. Reviewing tariff exposure clauses now helps clarify whether pricing models can absorb unexpected border friction. Source: https://lnkd.in/e8RNkT9H

    To view or add a comment, sign in

  • Asia Compliance Forum

    67 followers

    New Article | Section 338 Returns: From Additional Tariffs to Import Prohibitions Section 338 of the Tariff Act of 1930 has long received relatively little attention. That may be changing. The provision gives the United States potentially significant authority to respond to discriminatory treatment of U.S. commerce — including through additional duties and, in certain circumstances, import restrictions. For companies with substantial exposure to the U.S. market, Section 338 is therefore worth watching alongside more familiar trade tools such as Section 301, Section 232 and IEEPA-based measures. Our latest article examines the statutory framework, the available remedies, and why Section 338 may matter again in the current trade environment. Read the full article: https://lnkd.in/ee_S8DpQ #InternationalTrade #Tariffs #TradeCompliance #Customs #Section338 #AsiaComplianceForum

    • No alternative text description for this image

    To view or add a comment, sign in

  • PLS Logistics Services

    47,287 followers

    In February, the Supreme Court ruled the IEEPA tariffs unlawful. Customs is paying that money back with interest, but it isn't automatic. Importers have to file a claim, and CBP is accepting them in phases. Here's where things stand: ✅ Phase 1 (open since April 20): Entries CBP hasn't finalized, or finalized in the last 80 days. ✅ Phase 2 (open since June 29): Entries flagged for reconciliation where that adjustment hasn't been filed yet. ✅ Phase 3 (open as of October 6): Finally liquidated entries, but only for importers with their own Court of International Trade case, and only for entries the court has ordered CBP to reopen. Entries for importers without a court case are still being sorted out in court, so dates vary by entry and legal path. Not sure which phase your entries fall into? We can help you figure it out: https://bit.ly/4yiSD9U #IEEPA #CustomsCompliance #TariffRefunds #Trade #PLSLogistics

    • No alternative text description for this image

    To view or add a comment, sign in

Image

232,095 followers

View Profile

Explore related topics

Explore content categories