The EU customs union creates a single tariff area for all goods imported from outside the EU, allowing the goods to move freely between member states without customs. On this page What is the EU ...

Forbes contributors publish independent expert analyses and insights. Aleksandra Bal covers indirect tax and technology developments. On May 17, 2023, the European Commission unveiled its most ...

When initially proposing the reform of the Union Customs Code (UCC), the EU Commission had planned for an extensive implementation period, suggesting that the use of the EU Customs Data Hub as one of ...

BRUSSELS, May 17 (Reuters) - The European Commission proposed on Wednesday a reform of customs rules for the surge of incoming packages ordered online and to cope with increased environmental and ...

The Situation: Businesses and customs authorities alike are confronted by customs-related challenges amidst the novel coronavirus ("COVID-19") crisis, whether for the import of goods to combat the ...

The European Union has agreed to end one of the most important perks in online shopping: the ability to receive low-value imports without paying customs duties. The decision marks a major shift in how ...

European Union finance ministers have reached a groundbreaking agreement to eliminate the customs-duty exemption on parcels valued under €150 imported from non-EU countries. This decision marks a ...

The European Union is “open-minded” about Britain joining a possible customs union, the bloc’s finance commissioner has said, amid growing pressure on the government to consider such a move. In the ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

While the EU customs regime is a cost-efficient tool for combating counterfeiting, its scope is threatened by changes in how counterfeiters operate and the fallout from Brexit Counterfeit goods are an ...

The EU is working to reform its customs system because increased trade flows, fragmented national systems, the rapid rise of e-commerce and shifting geopolitical realities are putting it under ...