On 9 November 2020, the Official Journal published Commission Implementing Regulation (EU) 2020/1646 of 7 November 2020 on commercial policy measures concerning certain products from the US following the adjudication of a trade dispute under the Dispute Settlement Understanding of the WTO.
Through the adoption of Commission Implementing Regulation (EU) 2020/1646 of November 7, 2020, the EU has decided to impose, new or higher customs duties (ranging from 15 % to 25%) to products originated from the US (which are exported as from this date, from that territory, to the EU).
Among the products originated from the US affected by this trade policy are, mainly, the following: oils, cotton, airplanes and aircrafts, bags and suitcases, cocoa, coffee, cosmetics, nuts and dried fruits, fruit juices, machinery, video game machines, vehicle parts and accessories, fish, peptones, proteins, cheeses, rum, sauces, tobacco, tractors, vermouth and vodka.
Article 3 of this regulation include two important points:
- Products for which the importers can prove that they have been exported from the US to the EU prior to the date on which additional duties are applied to that product, shall not be subject to any additional duty.
- Those additional duties nor apply to Products for which an import license with an exemption or a reduction of duties has been issued prior to the date of entry into force of the aforementioned Regulation.
Additional information can be found HERE. See also the Official Journal of the European Union
Contribution by Ignacio Hinojo Albiñana
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