South America's largest trade bloc, Mercosur finalised its customs code recently.
After years of negotiation, Mercosur (which consists of Brazil, Argentina, Uruguay and Paraguay) will become a genuine customs union with elements being be phased in over the next year and a half before fully taking effect in 2012.
The long standing sticking point was that Uruguay believed that the Mercosur block should impose export duties but Argentina, Brazil and Paraguay argued that each country should apply duties as they see fit. Uruguay eventually relented and each country will set its own rate.
It was also decided to eliminate by 2012 the double recovery of the common external tariff (AEC). Previously, non-Mercosur products were charged a tariff both when they entered the bloc and when they were re-exported to another Mercosur member.
Also agreed was a mechanism for the redistribution of customs revenue among members.
"ITS helped us to reach a successful conclusion when HM Customs tried to reject our proposed changes by using technicalities."
{/tpfont}
D. Suddens, Finance Manager Blanc Aero Industries UK Ltd
{tpfont}
"ITSs broad knowledge of Customs has proved invaluable"
{/tpfont}
D. Widdowson, Director of Financial Accounting Croda Chemicals Europe Ltd
{tpfont}
"I have worked with Rob on complicated HMRC issues. As well as direct assistance, Rob has provided excellent training for operational staff. I recommend ITS."
{/tpfont}
G. Mitchell, Senior Operations Manager EPSON
{tpfont}
"Rob has provided customs advice on many occasions, always demonstrating deep knowledge of his subject to help the business mitigate its duty liabilities."
{/tpfont}
Stuart Reid, Financial Director Komatsu UK
{tpfont}
"Rob explains clearly, and gets on with people. He is very constructive and pragmatic. His loyalty to the reds is admirable, if misguided. One of my favourite Scousers!"
{/tpfont}
Nick Mallett, Partner DHM Stallard
{tpfont}
"ITSs experience and knowledge has ensured projects were completed with a favorable result."
{/tpfont}
K R Maddison, Financial Controller Bard Limited
{tpfont}
"ITS have highlighted significant cost saving opportunities."
{/tpfont}
CW Winter, Financial Controller Special Metals Wiggin Ltd.
