TradeWatch - June 2013 - Volume 12 | Issue 2

June 2013, Volume 12, Issue 2

TradeWatch

In this issue Global WCO approves advisory opinion on trademark royalties ..................................................... 2

Americas :jYradÈKa_faÕ[Yflaehjgn]e]flklgkh][aYd[mklgekj]_ae]kg^l]ehgjYjq admission and temporary export............................................................................... 4

F]oYmlgeglan]lYpj]_ae] ...................................................................................... 5

Egj]\]n]dghe]flk^gjklYl]nYdm]%Y\\]\lYpj]^gje ................................................. 7

;YfY\YÈL`]ÉaHg\lYja^^Ê[gfljgn]jkqaf;YfY\YYf\É]f\%mk]Ê[]jlaÕ[Yl]k ...................... 8

Mh\Yl]2^]o]jZ]f]Õ[aYjq[gmflja]kmf\]jhjghgk]\[`Yf_]klg;YfY\YÌk ?]f]jYdHj]^]j]flaYdLYja^^ ...................................................................................... 11

E]pa[gÈE]pa[YfYml`gjala]kafalaYl]YeZalagmk>L9Ym\alhjg_jYeoal` ZjgY\]f]\k[gh] ................................................................................................... 12 H]jmÈ;mklgekYm\algjkaf[j]Ykaf_dqdggcaf_YlljYfk^]jhja[af_j]hgjl ............................ 14 Mfal]\KlYl]kÈMK;mklgekhjgna\]k_ma\Yf[]gfj]^mf\k^jgehgkl%aehgjlYlagf ljYfk^]jhja[af_Y\bmkle]flk .................................................................................. 15

9kaY%HY[aÕ[ 9mkljYdaYÈ9mkljYdaY;mklgekgmlka\]l`]lYj_]ljYf_]gfljYfk^]jhja[af_ ........................ 17

9mkljYdaYf\]n]dghe]flkÈf]o9fla%]\]jYd:m\_]lYffgmf[]e]flk...................................................... 18

Cgj]YÈ;mklgekYm\alklgaf[j]Yk]Ydgf_oal`ÕfYf[aYd]phgkmj]^jgeaehgjlN9L........... 20

Cgj]Y%Lmjc]q>L9 ................................................................................................... 22

Europe, Middle East and Africa =mjgh]YfMfagfÈMfagf;mklgek;g\]2aehda[Ylagfk^gj[mklgeknYdmYlagfhdYffaf_ ........ 23 ?]jeYfqÈF]o\aj][lagfk^gj[mklgeknYdmYlagfg^j]dYl]\%hYjlqljYfkY[lagfk ................. 25 Lmjc]qÈ>j]]ljY\]Y_]f\Y ............................................................................................ 27 AkjY]dÈAkjY]daKmhj]e];gmjljmdaf_gh]fk\ggj^gj[]jlYafhgkl% importation amendments ....................................................................................... 28 =Ykl9^ja[Yf;geemfalqÈAehda[Ylagfkg^Ykaf_d][mklgekl]jjalgjqgf ]phgjlaf[]flan]k ................................................................................................... 29

Global WCO approves advisory opinion on trademark royalties L`]L][`fa[Yd;geeall]]gf;mklgekNYdmYlagf L;;N! has approved a new advisory opinion on trademark jgqYdla]k&9\nakgjqGhafagf,&)-akl`][mdeafYlagf g^Yf]a_`l%q]Yjj]na]og^l`]YhhjghjaYl]lj]Yle]fl g^ljY\]eYjcjgqYdla]ko`]faehgjl]\hjg\m[l af[gjhgjYlaf_l`]ljY\]eYjcakhmj[`Yk]\^jgeYf mfj]dYl]\hYjlq$Yf\l`][gfljY[lg^kYd][gflYafkfg j]^]j]f[]lgl`]jgqYdlq& L`]L;;NakY[geeall]]g^[mklgekYml`gjala]k[j]Yl]\ Zql`]Ogjd\LjY\]Gj_YfarYlagf OLG!NYdmYlagf 9_j]]e]flYf\lYkc]\oal`hjgna\af_afl]jhj]lYlagfYf\ _ma\Yf[]gfl`]NYdmYlagf9_j]]e]fl&AlakY\eafakl]j]\ Zql`]Ogjd\;mklgekGj_YfarYlagf&Oàd]alk_ma\Yf[] akfglZaf\af_gfYfqbmjak\a[lagf$alkhjgfgmf[]e]flk Yj]j]_mdYjdq[al]\Zq[mklgekYml`gjala]kogjd\oa\]&

Background L`]NYdmYlagf9_j]]e]flhjgna\]kl`YljgqYdla]khYa\ Zql`]aehgjl]jg^hjg\m[llgkge]gf]gl`]jl`Yfl`] k]dd]jg^l`]hjg\m[lemklZ]Y\\]\lgl`]hja[]hYa\^gj l`]hjg\m[llg\]l]jeaf]ljYfkY[lagfnYdm]o`]fl`] royalty: Akj]dYl]\lgl`]aehgjl]\hjg\m[l EmklZ]hYa\YkY[gf\alagfg^l`]kYd]lgl`]aehgjl]j ;mklgekYml`gjala]k`Yn]fgl]phj]kk]\[gfkakl]fl na]okgf`golg\]l]jeaf]a^YjgqYdlqemklZ]hYa\Yk Y[gf\alagfg^kYd]&Oàd]YddY_j]]l`YlY[gfljY[lmYd hjgnakagfafl`]hjg\m[lkYd]kY_j]]e]floà[`j]imaj]k hYqe]flg^l`]jgqYdlqafgj\]j^gjl`]k]dd]jlgk]dd hjg\m[llgl`]Zmq]jakY[gf\alagfg^kYd]$l`]j]ak \akY_j]]e]flgfo`]l`]j$Yf\`go$Y[gf\alagfg^kYd] eYqZ]aehda]\o`]ffgd]_Yd[gf\alagf]paklk&

2

Advisory Opinion 4.15 9\nakgjqGhafagf,&)-akhj]eak]\gfl`]k]^Y[lk2 L`]ljY\]eYjcda[]fkgjYf\aehgjl]jYj]j]dYl]\$Zml f]al`]jakj]dYl]\lgl`]eYfm^Y[lmj]j']phgjl]jg^l`] hjg\m[lk& L`]ljY\]eYjcda[]fk]Y_j]]e]flaehgk]kYf gZda_Ylagfgfl`]aehgjl]jlghYqYjgqYdlqlgl`] da[]fkgjZYk]\gfYÕp]\h]j[]flY_]g^f]laf[ge] \]jan]\^jgel`]aehgjl]jÌkj]kYd]g^l`]hjg\m[lkaf l`][gmfljqgâehgjlYlagf& L`]da[]fkgjYdkg`YkYkmhhdqY_j]]e]floal`l`] eYfm^Y[lmj]jYddgoaf_l`]eYfm^Y[lmj]jlgeYc]l`] ljY\]eYjc]\hjg\m[lkmZb][llgimYdalqYf\\]ka_f kh][aÕ[Ylagfk&FglYZdq$l`]kmhhdqY_j]]e]flYdkg klYl]kl`Yll`]eYfm^Y[lmj]jeYqk]ddl`]hjg\m[l gfdqlg[gehYfa]kkh][aÕ]\Zql`]da[]fkgj& L`]kYd]k[gfljY[lZ]lo]]fl`]eYfm^Y[lmj]jYf\l`] aehgjl]j[gflYafkfg[dYmk]j]imajaf_hYqe]flg^l`] royalty. AfYk`gjlghafagf$l`]L;;NklYl]kl`YlhmjkmYfllgl`] kmhhdqY_j]]e]fl$l`]da[]fkgjÉ[gfljgdkl`]hjg\m[lagf g^_gg\kZ]Yjaf_alkljY\]eYjcZqYml`gjaraf_l`] eYfm^Y[lmj]g^da[]fk]\_gg\k$\]l]jeafaf_oà[` [gehYfa]kSeYfm^Y[lmj]jUeYqk]ddlg$Yf\\aj][ldq hjgna\af_l`]\]ka_fkYf\l][`fgdg_q^gjeYfm^Y[lmj]j E&Kaf[]Sda[]fkgjUYml`gjar]kSaehgjl]jUlgmk]l`] ljY\]eYjcaf[gff][lagfoal`l`]eYfm^Y[lmj]Yf\ aehgjlYlagfg^l`]_gg\khmjkmYfllgl`]da[]fk] Y_j]]e]fl$Sda[]fkgjU^mjl`]jafÖm]f[]kYf\[gfljgdk l`]ljYfkY[lagfZ]lo]]fSeYfm^Y[lmj]jUYf\Saehgjl]jU Zqk]d][laf_oà[`hYjlqeYqmk]l`]ljY\]eYjcYf\ hmj[`Yk]l`]_gg\k&Ê

TradeWatch June 2013

Oàd]l`]kYd]k[gfljY[l\g]kfglj]imaj]hYqe]fl g^l`]jgqYdlq$l`]L;;N[gf[dm\]kl`Yll`]j]kmdlg^ fgf%hYqe]flg^l`]jgqYdlqoaddZ]oal`\jYoYdg^l`] eYfm^Y[lmj]jÌkYml`gjarYlagflgk]dd_gg\klgl`] aehgjl]j&Af]^^][l$làkYegmflklgYhjY[la[Yd[gf\alagf g^kYd]$\]khal]l`]^Y[ll`Ylfgd]_Yd[gf\alagf]paklk&9k Yj]kmdl$l`]jgqYdlqemklZ]Y\\]\lgl`]nYdm]g^l`] imported goods. Hj]nagmkn]jkagfkg^l`][Yk]klm\qmhgfoà[`l`] Y\nakgjqghafagfakZYk]\\a\fgl]phj]kkdqklYl]l`Yl l`]da[]fkgj[gmd\\]ka_fYl]Yml`gjar]\[mklge]jk g^l`]eYfm^Y[lmj]j&Afl`]YZk]f[]g^Yf]phj]kk hjgnakagf$l`]j]Yhh]Yjklg[gflafm]lgZ]Y\a^^]j]f[] Yegf_[mklgekYml`gjala]kYklgo`]fY[gf\alagfg^ kYd]eYqZ]aehda]\Zql`]gn]jYdd[gfljgdg^l`]da[]fkgj gn]jl`]\]Ydaf_kg^l`]hYjla]k&Oal`l`]hjgnakagf$l`] L;;N`Ykakkm]\[d]Yj_ma\Yf[]l`Yll`][gf\alagfg^ sale is properly implied.

3

Implications for importers Em[`g^l`]jgqYdlq\ak[mkkagfYll`]L;;N`Yk[]fl]j]\ gfl`][gf[]hlg^É[gfljgd$Êoal`kge][mklgek Yml`gjala]kY\ng[Ylaf_l`Ylo`]fl`]da[]fkgj]p]j[ak]k [gfljgdg^Zgl`l`]kYd]kYf\da[]fk]ljYfkY[lagfk$l`] [gf\alagfg^kYd]eYqZ]aehda]\&9\nakgjqGhafagf ,&)-af\a[Yl]kYkh][aÕ[lqh]g^[gfljgdoà[`j]kmdlk afY\mlaYZd]jgqYdlq&O]]ph][llgk]][gflafmaf_ \]n]dghe]flYf\mk]g^l`]É[gfljgdÊYfYdqkakafY fmeZ]jg^bmjak\a[lagfk$Yf\hjm\]flaehgjl]jkoaddoak` lg]nYdmYl]l`]aj[mjj]fljgqYdla]koal`[gfka\]jYlagf g^^Y[lgjkoà[èYqaf\a[Yl]da[]fkgj[gfljgd$Yf\ hgl]flaYddqY\bmkljgqYdlqkljm[lmj]k& >gjY\\alagfYdaf^gjeYlagf$[gflY[l2 =jfklQgmf_DDH Mfal]\KlYl]k! :addE]l`]falak$Dallas$oaddaYe&e]l`]falak8]q&[ge L]d&#)*),1.10-0-!


Americas

Brazil Ka_faÕ[Yflaehjgn]e]flklgkh][aYd[mklgekj]_ae]k of temporary admission and temporary export J][]fldq$l`]:jYradaYf>]\]jYdJ]n]fm]hmZdak`]\Y f]ofgjeYlan]hjgna\af_f]oYf\egj]kaehdaÕ]\ Yhhda[YlagfYf\j]_mdYlgjqhjg[]\mj]k^gjl`]kh][aYd [mklgekj]_ae]kg^l]ehgjYjqY\eakkagfYf\ l]ehgjYjq]phgjlYlagf&:]^gj]l`]g^Õ[aYdhmZdakàf_$ >]\]jYdJ]n]fm]j]d]Yk]\l`]\jY^lg^l`]FgjeYlan] Afkljm[lagf^gjhmZda[[gfkmdlYlagf$Yddgoaf_l`]eYjc]l lgj]na]oalYf\eYc]Y\bmkle]flkZ]^gj]l`]ÕfYd n]jkagf&L`]FgjeYlan]Afkljm[lagf[gfkgda\Yl]kl`] d]_Ydhjgnakagfk^gjl`]k]j]_ae]kÇegj]l`Yf+- ]paklaf_Y[lkÇaflgYkaf_d]Y[l& L`]^gddgoaf_Ykh][lkafl`]hmZdak`]\FgjeYlan] Afkljm[lagfYj]hYjla[mdYjdqj]d]nYfl2 ?gg\kl]ehgjYjadqY\eall]\^gj][gfgea[mk]oadd hYql`]aehgjl%j]dYl]\lYp]k a&]&$aehgjl\mlq$AHA$ Yf\kg[aYd[gfljaZmlagfkgfaehgjlk ]&_&$HAK'H9K=H AehgjlYf\;G>AFK!!$YddYll`]jYl]g^)h]jegfl`$ gjegfl`^jY[lagf$\mjaf_l`]nYda\alqg^làkj]_ae]$ [gfka\]jaf_l`]lYp]kgja_afYddq\m]& a[lalagmkÊgjÉ\]]e]\ÊAHAlYp[j]\alk ZYk]\gfl`] afn]kle]fl!lgg^^k]lAHA\]Zlkgfdg[YdkYd]kYf\gf l`]aehgjlYlagfg^n]à[d]k$hYjlkYf\ha][]k Mhlg+(j]\m[lagfg^l`]AHAjYl]^gjYhj]\]Õf]\ imglYgâehgjl]\n]à[d]k$daeal]\lg,$0((n]à[d]k per year

Implications of quota limits for importers AfgnYj%9mlgaf[]flan]k^gjaehgjl]jkaf:jYradYj] hjaeYjadq^g[mk]\gfl`]j]\m[lagfgÂHAjYl]k +(!^gj Yhj]\]Õf]\imglYgâehgjl]\n]à[d]k[Yd[mdYl]\mhgf l`]Yn]jY_]gâehgjlYlagfk Zgl`\aj][lgjaf\aj][l!g^ n]à[d]kh]j^gje]\\mjaf_l`]h]jag\g^*((1lg*())$ daeal]\lg,$0((mfalk&Km[`Yn]jY_]ak\]Õf]\Ykl`] imglY^gjl`]o`gd]q]Yjg^*()+aehgjlYlagfk& @go]n]j$o]`Yn]Z]]ffgla[af_l`Ylkge][gehYfa]k Yj]Z]af_l]ehgjYjadqYml`gjar]\lghYjla[ahYl] afAfgnYj%9mlg&Aflàk[Yk]$l`]?gn]jfe]fl`Yk \]l]jeaf]\Õp]\imglYkh]jegfl`$ZYk]\gfl`]aj YfYdqkakg^l`]\g[me]flYlagfhjgna\]\Zql`] [gehYfq&L`]j]^gj]$l`]imglYdaealke]flagf]\YZgn] [Yfkm^^]jnYjaYlagfkYf\]n]fZ]]klYZdak`]\gfY egfl`dqZYkak& ;gfka\]jaf_l`Yll`]imglYk[YfZ]mk]\^gjYfqn]à[d] aehgjlYlagfh]j^gje]\ZqYimYda^qaf_[gehYfq$Yf\ l`YlAHAakYn]jq]d]nYl]\[gklgfl`]hja[]g^l`] n]à[d]kaf:jYrad$aehgjl]jkemkl]nYdmYl]`golg Z]kleYc]mk]g^l`]imglYk&>gjafklYf[]$aehgjl]jk eYq]d][llgYhhdql`]j]\m[]\AHAjYl]^gjl`]egj] ]ph]fkan]n]à[d]klgeYpaear]l`]AHAkYnaf_k gfaehgjlYlagfYf\j]kYd]g^l`]k]n]à[d]k$gjlg [gf[]fljYl]l`]imglYkmhgfn]à[d]koal`Yà_`]j lmjfgn]jg^kYd]k$l`mkeYcaf_l`]k]n]à[d]kegj] YlljY[lan]afl`]:jYradaYfeYjc]l&

9\\alagfYd)lg*j]\m[lagfafAHA$^jge*()/lg *(*(^gjn]à[d]k[YhYZd]g^Y[à]naf_l`]]f]j_q ]^Õ[a]f[qd]n]dk\]Õf]\afl`]d]_akdYlagf L`]>]\]jYd?gn]jfe]fl]klaeYl]kl`Yll`]Yegmflg^ lYp]kl`YloaddZ]j]da]n]\Zql`]AfgnYj%9mlghjg_jYe oaddj]Y[`:JD)*ZaddagfZq*(),&

5


Recent additional rules 9^l]jdgf_f]_glaYlagfkZ]lo]]fl`]_gn]jfe]fl Yf\l`]YmlgeYc]jk$f]ojmd]kYj]Z]af_k]llgljY[c dg[Yd[gfl]fll`Yl`YkZ]]fj]im]kl]\YkhYjlg^l`] [geeale]flg^l`]:jYradaYfaf\mkljqafgj\]jlgeYc] mk]g^l`]^mddhY[cY_]gÂfgnYj%9mlgaf[]flan]k&L`] a\]Yg^ljY[caf_dg[Yd[gfl]flaklg^gkl]jdg[Ydkgmj[af_ Yf\l`]\]n]dghe]flg^l`]Ymlg%hYjlkaf\mkljqYf\ j]dYl]\af\mklja]k$km[`Ykkl]]dYf\hdYkla[kmhhda]jk&

>gjY\\alagfYdaf^gjeYlagf$[gflY[l2 =jfklQgmf_L]j[g >jYfc\]E]ab]j$São Paulo, ^jYfc%\]&e]ab]j8Zj&]q&[ge L]d&#--))*-/++,)+! AfY]:gjaf$São Paulo, afY]&Zgjaf8Zj&]q&[ge L]d&#--))*-/+-)/,!

HYjlko`gk]gja_afoaddZ]ljY[c]\Zql`]dg[Yd[gfl]fl [Yd[mdYlagf^gj:jYradaYfeYfm^Y[lmj]\[YjkoaddZ] Zg\qogjcYf\[`Ykkak$k]Ylk$da_`laf_kqkl]e$ZjYc] kqkl]e$k`g[cYZkgjZ]jkYf\kmkh]fkagf$[ggdaf_ kqkl]e$laj]k$o`]]dk$]p`Ymklk$]f_af]$]d][ljgfa[k$ steering systems and panels. These items represent 0-g^l`][gehgf]flkmk]\afl`][gfkljm[lagfg^ Yn]à[d]&L`gm_`l`]hYjlkYj]\]Õf]\$l`]]pY[l ljY[caf_kqkl]eakkladdh]f\af_j]_mdYlagf&

6


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7


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11


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Implications for importers Làkjmdaf_[d]Yjdq\]egfkljYl]kl`Yl;:Hoaddhjgna\] j]^mf\ko`]fl`][jal]jaYYj]e]l&;jal]jagfaf[dm\]k \]egfkljYlaf_l`Yll`]Y\bmkl]\hja[]kYj]YhhjghjaYl] lgmk]YkljYfkY[lagfnYdm]mf\]jl`][aj[meklYf[]kg^ kYd]l]kl$Yko]ddYke]]laf_]Y[`g^l`]Õn][jal]jaY^gj mkaf_Y\bmkle]flk&L`]jmdaf_Ydkgn]jq[d]Yjdqk`gok l`]aehgjlYf[]g^Y\nYf[]hdYffaf_lg\glàk[gjj][ldq& Oàd]alakhgkkaZd]lgkYlak^qYdd[jal]jaYj]ljgY[lan]dq$al ak]plj]e]dqZmj\]fkge]&

+& ;d]Yjdqkh][a^qY\bmkle]flkj]dYl]\lgaehgjl]\ hjg\m[lafY[[gmflaf_j][gj\k ,& HdYf`golgZ]kl\]egfkljYl]l`YlY\bmkle]flk k`gofafl`]Y[[gmflaf_j][gj\kYj]j]hgjl]\gf l`]Yhhda[YZd]^]\]jYdaf[ge]lYpj]lmjf -& gjY\\alagfYdaf^gjeYlagf$[gflY[l2 =jfklQgmf_DDH Mfal]\KlYl]k! :addE]l`]falak$Dallas,oaddaYe&e]l`]falak8]q&[ge L]d&#)*),1.10-0-! CYj]fCaf_$ New York,cYj]f&caf_8]q&[ge L]d&#)*)*//+0-0*! Gd]ckaaEYfmadgn$New York, gd]ckaa&eYfmadgn8]q&[ge L]d&#)*)*//+-*.+!

Afda_`lg^làkjmdaf_$aehgjl]jko`geYqeYc]ljYfk^]j hja[af_Y\bmkle]flkYj]o]ddY\nak]\lglYc]kl]hk lg]fkmj]l`YlZmkaf]kkY[lanala]kYf\kmhhgjlaf_ \g[me]flYlagfYda_foal`l`]EYq*()*hgda[q2 )& 9hhdq^gjJ][gf[adaYlagfa^fglYdj]Y\qhYjla[ahYlaf_ aehgjl]jkemklZ]Yhhjgn]\lgmk]J][gf[adaYlagf afY\nYf[]g^l`]aehgjlk$o`gk]nYdm]eYqZ]dYl]j Y\bmkl]\! *& Kmhhd]e]flljYfk^]jhja[af_hgda[a]koal`[mklgek% kh][aÕ[Y\\]f\me$af[dm\af_Yf]phdYfYlagfg^`go l`]ljYfk^]jhja[af_Y\bmkle]flkYhhdqlgaehgjl]\ hjg\m[lk

16


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Australia Australia Customs outside the target range on transfer pricing Af9hjad*()+$9mkljYdaY;mklgekj]d]Yk]\YÕfYdar]\ j]nak]\hjY[la[]klYl]e]flj]_Yj\af_alkY\eafakljYlagf g^l`][mklgeknYdmYlagfaehda[Ylagfkg^ljYfk^]jhja[af_ hgda[a]k&7Alak[gfka\]j]\l`YllàkakYfaf\a[Ylgjl`Yl 9mkljYdaY;mklgekoaddZ]egj]Y[lan]aflàkYj]YYf\$ l`]j]^gj]$oYjjYflkl`]Yll]flagfg^[gehYfa]koal` j]dYl]\hYjlqaehgjlkaflg9mkljYdaY&

A statement of intent L`]akkm]\hjY[la[]klYl]e]flak[gfkakl]floal`Y\jY^l akkm]\^gjaf\mkljq^]]\ZY[cafFgn]eZ]j*()*&L`] ÕfYdar]\n]jkagfkg[dgk]dq^gddgokl`]\jY^ll`Ylalak YhhYj]fll`Yl9mkljYdaY;mklgek`Yk\akeakk]\YnYja]lq g^[gf[]jfkjYak]\afl`][gfkmdlYlagfh]jag\&Làkak l`]afl]jhj]lYlagfalafl]f\k$fgeYll]jl`]hjY[la[Yd [gfk]im]f[]k& Egkl^mf\Ye]flYdakl`]klYl]\hgkalagfl`Yl$É;mklgek Yf\:gj\]jHjgl][lagfÌknYdmYlagfe]l`g\gdg_a]k Yj]fglYfYdg_gmklgl`]:]jjqJYlaggjG=;L9j]imaj]kl`Yll`]]phgjl]j Z][ge]YfÉYhhjgn]\]phgjl]jÊafgj\]jlgakkm]l`] gja_afklYl]e]flgfkàhe]flkg^gn]jÒ.$((($l`] Cgj]YÇLmjc]q>L9\g]kfgl`Yn]YfYhhjgn]\]phgjl]j j]imaj]e]fl&Làk[Yf`]dhklj]Yedaf]l`]hjg[]kkg^ [j]Ylaf_Yf\kmZeallaf_l`]\g[me]flkj]imaj]\^gj l`]aehgjl]jlgj][]an]l`]>L9Ìkhj]^]j]flaYd\mlq lj]Yle]fl&@go]n]j$l`]dY[cg^làkj]imaj]e]floadd j]imaj][gehYfa]kl`Ylmladar]làk>L9lgZ]hjgY[lan] afeYfY_af_l`]aj>L9Yf\gja_af[gehdaYf[]& K]]Ydkgl`]Lmjc]qYjla[d]É>j]]ljY\]Y_]f\Y&Ê >gjY\\alagfYdaf^gjeYlagf$[gflY[l2 =jfklQgmf_@YfQgmf_ K[gll>a^]$Seoul, k[gll&Õ^]8cj&]q&[ge #0**+//((1.+!

22


Europe, Middle East and Africa

European Union Union Customs Code: implications for customs valuation planning Al`YkZ][ge]af[j]Ykaf_dq\a^Õ[mdl\mjaf_l`]dYkl^]o q]Yjklg_]lY[d]Yjmf\]jklYf\af_gô`]fYf\o`Yl [`Yf_]klgl`][mjj]fl=M[mklgekd]_Yd^jYe]ogjcoadd lYc]hdY[]$oà[àflmjfeYc]khdYffaf_[`Ydd]f_af_& LàkakhYjla[mdYjdql`][Yk]oal`[mklgeknYdmYlagf hdYffaf_Ykl`]^mlmj]g^lgha[k$km[`YkÉÕjklkYd] ^gj]phgjlÊYf\\mlaYZadalqg^jgqYdla]kj]eYafmf[d]Yj$ oal`\ak[mkkagfkZ]lo]]fl`]=mjgh]YfHYjdaYe]fl HYjdaYe]fl!$=mjgh]Yf;gmf[ad ;gmf[ad!Yf\=mjgh]Yf ;geeakkagf ;geeakkagf![gflafmaf_&O`Ylo] Yj]k]]af_fgoakd]kkg^Yhmk`lg[gehd]l]l`] aehd]e]flaf_hjgnakagfkg^l`]Eg\]jfak]\;mklgek ;g\] E;;!3jYl`]j$l`]Mfagf;mklgek;g\] M;;!ak lYcaf_[]fl]jklY_]&O]hjgna\]Z]dgokge]afka_`laflg làkljYfkalagfYf\Ydkg]phdYafo`Yllàk[gmd\e]Yf ^gj][gfgea[gh]jYlgjkafna]og^[mklgeknYdmYlagf planning.

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23

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24


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Turkey Free trade agenda Lmjc]qÌk^j]]ljY\]Y_]f\Yakegnaf_^gjoYj\oal`kge] interesting developments.

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27

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Israel Israeli Supreme Court ruling opens door for certain post-importation amendments Executive summary L`]AkjY]daKmhj]e];gmjlj]b][l]\YfYhh]YdZql`] AkjY]daLYp9ml`gjala]k AL9!Yf\Yddgo]\@gdakAf\mklja]k Dl\ @gdak!lgeYc]hgkl%aehgjlYlagf[dYkkaÕ[Ylagf Ye]f\e]flklgY[mklgek\][dYjYlagf$Yf\j][]an] j]^mf\kg^gn]jhYa\[mklgek\mla]k&L`]Kmhj]e] ;gmjljmdaf_$KlYl]gÂkjY]dÈAkjY]dLYp9ml`gjalqÈ