Articles from 2010

November 2010 Classification News

November 2010 Classification News

13 December 2010

After somewhat of a lull a number of classification regulations have been published recently:

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US faces accusations of double-standards in ongoing currency dispute

US faces accusations of double-standards in ongoing currency dispute

22 November 2010

After heavily criticising China for alleged currency manipulation, the United States Federal Reserve has announced an injection of $600 billion to buy government bonds, thus weakening the dollar and making exports cheaper and imports more expensive.

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New GSP Rules of Origin

New GSP Rules of Origin

19 November 2010

The Generalised System of Preferences (GSP) rules of origin are finally being simplified. According to HMRC in 2009, circa £635m of customs duty was saved by UK importers who imported goods under the GSP system.

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EU Pushes for review of Information Technology Agreement

EU Pushes for review of Information Technology Agreement

19 November 2010

The saga following the WTO ruling on High-Tech goods rolls on!.

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G20 Agrees to Address Currency Manipulation

G20 Agrees to Address Currency Manipulation

19 November 2010

It was announced at the G20 meeting in Seoul that leaders of the G20 have agreed to avoid “competitive devaluation” (or “currency manipulation” as it is otherwise known) and that they have agreed to develop “indicative guidelines” to tackle trade imbalances affecting world growth.

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2011 EU Customs Tariff Published

EU Introduces Additional Duties on Imports of Chinese Paper

EU Introduces Additional Duties on Imports of Chinese Paper

12 November 2010

Following on from an anti-subsidy investigation that was launched in April this year, the EU has levied anti-dumping duties (ADD) on products covering 16 Tariff Sub-Headings within Tariff Heading 4810 that originate from China.

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EU Instigates Partial Interim Review on Anti Dumping Measures on imports of Chinese Coumarin

EU Instigates Partial Interim Review on Anti Dumping Measures on imports of Chinese Coumarin

12 November 2010

The European Commission has decided on its own initiative to initiate a partial interim review of the existing anti- dumping measures on imports of coumarin originating in China.

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Import Control System Rullout Put Back Until December

Import Control System Rullout Put Back Until December

12 November 2010

The rollout of the Import Control System that was due to take place this month has been put back until 1 December due to:  “Technical difficulties which meant that we [HMRC] could not ensure the roll-out of a sufficiently robust system for trade use.”

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Russia extends grain export ban, Ukraine sets grain export quota

Russia extends grain export ban, Ukraine sets grain export quota

14 October 2010

In response to the wildfires that ravaged Russia this summer it has been announced by the Russian Government that the temporary grain export ban that was supposed to run until December 2010 will be extended until after next years’ harvest has been reaped.

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