Tag: Preference calculation
New free trade agreements with the EU: What is the status of the Mercosur agreement?
The Mercosur-EU trade agreement gives the EU access to one of the largest domestic markets in Latin America. With Argentina, Brazil, Paraguay and Uruguay as partners, the agreement strengthens the export of EU goods - with a trade volume of 56 billion euros (2023), this is a significant step for the European economy.
New Economic Partnership Agreement between the EU and Kenya: A milestone for trade and development
The European Union and Kenya have agreed on the content of a new Economic Partnership Agreement (EPA), which is seen as a significant step forward in trade relations between the two partners. This agreement emphasises the EU's role as the most important export market for the East African country and is intended to intensify economic exchange and promote development.
M.SecureTrade News Report - Foreign trade updates March 2024
M.Line News Report - Foreign trade updates March 2024 The latest updates to Mercoline's SAP add-ons for transport logistics and foreign trade ensure that our customers are regularly provided with important updates and additions to keep them up to date and take account of relevant process updates. In this article, we show what we have already delivered for our customers in recent months and which topics we will continue with. Foreign trade updates Since the beginning of December, customers of M.SecureTrade ATLAS have been able to rely on the current release 2311 to take into account the changes resulting from the IHB update of customs to AES 3.0.7 in their export processes. Improvements in reporting and improved monitoring in the event of failed code list updates have also been provided as part of this process. Under S/4HANA, it is now also possible to take into account default values for the commodity code that differ from the material master in the ATLAS document system.
A new EU-New Zealand free trade agreement will soon come into force
The free trade agreement between the European Union and New Zealand, the content of which was agreed on 30 June 2023, is entering the final legal stages. Ratification by the EU was recently completed and final approval by New Zealand is expected by the second quarter of 2024 at the latest.
Transport logistics updates in the first half of 2024
The digitalisation of transport logistics will progress even further in 2024. The new year will see important projects for shippers who use DHL Express, UPS or FedEx with M.TransportCommunicator or M.ShippingRates: FedEx and UPS have announced major API modernisations that will be supported with updates to M.ShippingRates and M.TransportCommunicator in early March 2024. Due to the mandatory changes that FedEx and UPS are introducing, shippers must implement important interface updates by June 2024 to ensure uninterrupted shipping. The focus of the interface updates is to further increase the cyber security of the transport service provider backends. Mercoline will support you in this project with targeted implementation support and the appropriate software. There will also be two webinars specifically for the UPS migration in January 2024.
Renegotiation of the rules of origin of the regional convention
As early as 1 September 2021, the Regional Convention was reformed with the aim of modernising and amending the rules of origin. As a result of the reform, the so-called "transitional rules" were created.
The turn of the year in foreign trade
In addition to the new Harmonized System from 2022, there is also a new Combined Nomenclature (eight-digit), which the European Commission has published. This takes up the changes of the Harmonized System and transfers them to the respective eight-digit nomenclature. This is what you need to know now.
Harmonized System 2022
Over 300 profound and extensive changes result from HS 2022, which leads to great effort at the turn of the year. Read here which processes in the company are affected so that you can check them in good time.