Kalid ALLALI

The EU Commission 🇪🇺 has released a new self-assessment tool to check CBAM applicability 🏄‍♂️ Companies can now verify their shipments based on origin, customs value, CN code, and return goods status. 💡 It also outlines the key information required from manufacturers. Let's evaluate! ✅ 𝐏𝐨𝐬𝐢𝐭𝐢𝐯𝐞 𝐀𝐬𝐩𝐞𝐜𝐭𝐬: 𝐔𝐬𝐞𝐫 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞: The tool provides clear guidance at each step, explaining terms like CN Codes and country of origin. This helps non-experts understand the requirements. 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐃𝐚𝐭𝐚 𝐈𝐧𝐩𝐮𝐭: It captures multiple critical variables such as the origin of goods, carbon data, and consignment value, allowing for a thorough assessment of CBAM obligations. 𝐃𝐫𝐨𝐩𝐝𝐨𝐰𝐧 𝐌𝐞𝐧𝐮𝐬: Dropdown menus for fields like country of origin and product classification minimize input errors and speed up the process. 𝐊𝐞𝐲 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐦𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐞𝐫𝐬: The tool outlines the key information required from manufacturers. 🔽 𝐍𝐞𝐠𝐚𝐭𝐢𝐯𝐞 𝐀𝐬𝐩𝐞𝐜𝐭𝐬: 𝐌𝐚𝐧𝐮𝐚𝐥 𝐂𝐍 𝐂𝐨𝐝𝐞 𝐄𝐧𝐭𝐫𝐲: The tool requires the exact CN code to be entered, which can be cumbersome if users need clarification on the complete code. A feature like Dubrink's, where predictive suggestions assist partial entries, would significantly improve usability. 𝐍𝐨 𝐒𝐮𝐩𝐩𝐥𝐢𝐞𝐫 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧: No functionality allows users to easily push CBAM-related data requests to suppliers. A simple, click-based system to enable suppliers to report their data would be much more efficient and reduce manual effort. 𝐋𝐚𝐜𝐤 𝐨𝐟 𝐁𝐮𝐥𝐤 𝐔𝐩𝐥𝐨𝐚𝐝𝐬: The tool should support bulk data uploads, making it inefficient for companies dealing with large volumes of goods. A bulk upload feature would save significant time. 𝐍𝐨 𝐕𝐢𝐬𝐮𝐚𝐥 𝐅𝐞𝐞𝐝𝐛𝐚𝐜𝐤 𝐨𝐫 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧: Dynamic calculations, visual graphs, or automated data verification are lacking, which would help users better understand their CBAM obligations and reduce the potential for human error. An automated system highlighting key pain points and providing insights would be beneficial. 𝐋𝐚𝐜𝐤 𝐨𝐟 𝐒𝐮𝐩𝐩𝐥𝐢𝐞𝐫 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞: While the tool outlines the key information required from manufacturers, the manufacturers actually need guidance through providing accurate actual data. A system like Dubrink, which assists suppliers step-by-step in submitting the correct information, would greatly enhance the ease and accuracy of data collection. What do you think of the new tool? What would you like to see in addition? Link in the comments section 🔽 #CBAM #Selfcheck #EmissionsReporting #Tool

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"Trade can resume its role as driver of poverty reduction – with the right policies" according to this blog by Sebastien Dessus. https://lnkd.in/en_SsmCJ No surprise that "Developing countries will need to improve their trade infrastructure—highways, customs procedures, and the like—and logistics systems to meet the standards of reliability demanded in most export markets."   And I can confirm from my own empirical study on GATT and GATS, that the share of imports of goods "made in China" (such as haircutters) seems to have increased over the period of my data gathering, helping countries with their not-digitally-provided service exports. See the evidence here https://lnkd.in/eGzrCdW

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🚂 Freight Forum spring 2024 recap On 22 April, the Freight Forum convened as UIC's governing body for all freight-related matters. Frédéric Henon, UIC Director #Freight, emphasised continuity in knowledge development and management through working groups and projects. #Digitalisation, #DCM, #ERTMS, #DAC are not just buzzwords but the daily focus of UIC activities, ensuring streamlined information flow and development. Members can expect quick wins in #safety and operational efficiency, with updates to #standards and #training modules coming up in 2025.   🌍 Geopolitical challenges & sector's role Boglárka Mondvay-Németh, ÖBB, representing Freight Forum’s Chair Clemens Först, CEO Rail Cargo Group, addressed challenges from geopolitical developments and their impact on the transport and industry. Stressing the importance of the sector’s cooperation within Rail Freight Forward coalition and a unified voice toward decision-makers, particularly on #infrastructure development and regulatory compliance.   🎯 Work programme Upon learning about the progress and future actions within the Freight Competence Centres, Members confirmed the Work programme 2024-2026. Additional discussions focused on regional initiatives in Europe and the Middle East aimed at facilitating #modalshift to rail. Updates on the ATLAS digitalisation project for location coding were presented, with a SaaS model emerging as the preferred future-proof option for seamless integration of new partners.   👉 Stay tuned for more developments and exciting projects ahead! https://uic.org/freight/   Philip Van den bosch, Martin Polák, Joost OVERDIJKINK, Hakan E. Gunel, Paulo Lira de Freitas, Parinaz Bazeghi, Christoph Gabrisch – BahnVerstand, Nathalie Libardi #WagonUtilisation #CorridorDevelopment #TrainOperation #LoadSafety #CombinedTransport #DangerousGoods #DataExchange #RailFreightForward

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What is EORI? EORI stands for Economic Operators Registration and Identification. An EORI number is a registration number required for any business or individual engaged in economic activities, especially those involving import and export, within EU countries. Once this number is obtained by registering with the customs authority in the business's or individual's country of residence, it can be used across all EU countries. Regardless of whether a seller has a VAT number, to import goods into the UK as the importer and subsequently claim import VAT refunds (only applicable to businesses with a VAT number), they must submit this EORI number to customs. The EORI number affects cross-border sellers' tax refunds and legal customs clearance. Regardless of the cross-border platform used, any shipment to the EU must use the seller's own EORI. What is VAT deferment? VAT, or Value Added Tax, is a tax identification number used for tax payments. Cross-border sellers who have registered for a VAT number can apply for a deduction of import VAT after shipping. VAT deferment, fully known as Postponed VAT Accounting (PVA), allows import VAT to be deferred at the time of customs clearance. In simple terms, it means that import VAT does not need to be paid upfront when goods enter an EU member state for shipment to another EU member state. Instead, the import VAT is deferred to the final destination country. For example, in air freight, if we need to ship goods to Lyon, France, the normal process would be to send the goods to the central hub in Paris, France, for clearance and delivery. However, this would require the shipper or consignee to pay VAT during customs clearance, which defeats the purpose of deferring the import VAT. Alternatively, if the goods are first sent to another country, such as Liège in Belgium or Amsterdam in the Netherlands, for clearance, the consignee would only need to pay customs duties, not VAT. Through deferred tax reporting, the VAT payment is deferred to France, thereby legally delaying the tax payment and improving cash flow. In simple terms, VAT deferment means that at the time of customs clearance, EU customs only collect customs duties and waive the VAT, which is paid when the goods are sold. However, with deferment, VAT cannot be deducted because normal deduction occurs when VAT is paid during customs clearance and is later offset against the sales tax collected by the platform. Deferred VAT means not paying VAT at clearance, avoiding double taxation, and therefore making VAT deduction impossible.

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Global Trade Review (GTR) reports on the French progress with regards to #MLETR "The French legislature has passed a law allowing digital versions of widely used trade documents, such as bills of lading, marking a milestone in global efforts to make trade paperless." Alexandre Holroyd, the lawmaker who shepherded the bill through the National Assembly and Senate, told GTR in April that the law includes articles defining trade records and detailing how they can be used, as well as articles defining an electronic transferable record and stating that they can be used interchangeably with paper equivalents. Philippe HENRY, a co-author of the Paris Europlace government-commissioned report, says: "This law’s adoption energises our ongoing efforts, proving that united public and private sectors can drive reform in this country.” As mentioned by André Casterman in a recent press article, "Members of ITFA #Fintech #Committee have engaged with Paris Europlace’s #MLETR working group since Q2 2022 to demonstrate technology readiness and use cases. Our key message has been around the opportunities offered by the e-bill of exchange and e-promissory note. Our next priority is to help French banks embrace the new legal and technology options to develop their own product strategy and extend the benefits to their clients." Join us to take advantage of the new #French law and to demonstrate to your clients how #digital #negotiable #instruments help them get more liquidity from their preferred originators. https://lnkd.in/eG2y9t-N

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