- The 21st amendment to the Foreign Trade Ordinance came into effect on July 23, 2024
- Part I Section B of the export list has undergone extensive changes and additions of various goods
- Changes include new “Emerging Technologies” related to quantum computing and artificial intelligence
- Newly added goods include integrated circuits, signal amplifiers, cryogenic cooling systems, dry etching equipment, electron microscopes, and more
- These goods are now subject to national restrictions and companies need to ensure compliance with the new regulations
Source: awb-international.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- Comments on ECJ C-535/24 (Svilosa) – VAT Deduction on Recovery Actions Not Considered Taxable Service
- CJEU Case C-726/23: Arcomet Towercranes Decision Clarifies Intra-Group VAT and Transfer Pricing Rules
- EU and Morocco reach agreement to extend preferential tariff treatment to Western Sahara
- Comments on ECJ C-436/24 (Lyko) – Loyalty programs and VAT: AG’s opinion in Lyko case brings new perspectives
- EU States Move Early on €2 Customs Fee
