Recently, the European Commission published a comprehensive document in which it proposes to change the Customs Union drastically. In the words of Commissioner Gentiloni, who presented the document on Wednesday 17 May 2023, it is the “most ambitious and comprehensive reform since the creation of our Customs Union in 1968”. In this article, we will provide an overview of the main elements of the proposed changes. We will also discuss the impact and possible consequences for your business if the proposal is adopted.
Source Baker Tilly
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