Ukraine has been formally invited to join to the EU-Common Transit Countries’ Convention on a Common Transit Procedure and the Convention on the Simplification of Formalities in Trade in Goods. It deposited its instruments of accession to the Conventions in August and can therefore operate common transit from 1 October 2022. This is an important step forward in Ukraine’s pre-accession strategy, and will greatly support the work on Solidarity Lanes to and from Ukraine.
These Conventions enable goods to move much more easily between the EU and the Common Transit Countries (Norway, Iceland, Switzerland, North Macedonia, Serbia, Turkey and UK). Simplified rules, such as mutually recognised financial guarantees and less controls, help to cut down on costs for EU and partner country businesses, while facilitating and boosting trade. As such, Ukraine’s participation in these Conventions will facilitate trade between Ukraine and EU Member States, as well as other common transit countries.
Source: europa.eu
Latest Posts in "European Union"
- Roadtrip through ECJ Cases – Focus on “Liability to pay VAT – VAT shall be payable by any person who enters the VAT on an invoice” (Art. 203)
- Comments on T-356/25 (Rapera) – Tax Representatives’ Direct VAT Liability Confirmed; Joint Liability Requires Proportionality
- Flashback on ECJ Cases C-62/93 (BP Soupergaz) – Right to deduct cannot be curtailed without Article 27 authorisation
- How to scale your Amazon business into the EU without getting tripped up by VAT
- Comments on ECG T-689/24: Confirms Incompatibility of Polish Input VAT Deduction Rules with EU Law
