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 ...

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 ...

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 ...

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 ...

In a communication dated 21 December 2016, the European Commission lays out its long-term strategic vision for the management of the Customs Union, one of the basic pillars of the European Union. The ...

Europe is set to impose customs duties on cheap online imports from China next year. This move targets platforms like Shein and Temu. The European Union aims to level the playing field for its own ...

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 ...

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 ...

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 ...