1️⃣ EU Customs Code makeover 🔄
The EU Parliament's recent overhaul of the Customs Code couldn't come at a better time. E-commerce is booming, and with it, the influx of goods from outside the EU, many skirting the Union's stringent safety and environmental standards. Under the new regime, platforms are on the hook to disclose details of goods entering the EU, streamlining customs' focus on high-risk imports. The aim? Protecting consumers and ensuring fair play in the marketplace.
2️⃣ E-commerce under the microscope 🔍
Imagine ordering a bargain online, only to find it's not quite the deal you thought. Approximately 65% of parcels entering the EU have been undervalued, a dodge leading to substantial revenue losses. The reform's emphasis on transparency and accountability puts a spotlight on such practices, aiming to level the playing field for honest businesses and consumers alike.
3️⃣ Digital and trusted partnerships 💻🤝
The reform doesn't just tighten the reins; it also extends a hand. By undergoing rigorous initial assessments, companies can earn a "trusted trader" status, enjoying fewer checks and less paperwork. This carrot-and-stick approach not only streamlines operations but also focuses resources on chasing the actual bad actors. Plus, with the introduction of the EU DataHub, a digital era of customs administration beckons.
4️⃣ Cracking down on greenwashing 🌿❌
Parallel to customs reform, the EU is taking a stand against greenwashing. The message is clear: Claims of being "biodegradable" or "less polluting" must now be backed by evidence. With hefty penalties for non-compliance, including fines up to 4% of annual turnover, the EU is setting a precedent for environmental accountability. This dual thrust of reforms underscores the EU's commitment to consumer protection and sustainable practices.
Will these reforms streamline EU imports?
