News
The European Parliament adopted of the Union Customs Code on Wednesday. The endorsement by the Parliament is expected to allow customs to continue its vital work in a more efficient, cost-effective way.
The Union Customs Code will serve as the new framework Regulation on the rules and procedures for Customs throughout the EU. It will enshrine in legislation a number of important practices which, up to now, have been implemented on a case by case basis, in order to address the challenges of the modern trade environment.
Among the improvements that will be introduced with the new Code are measures to complete the shift by Customs to a paperless, fully electronic environment, and provisions to reinforce swifter Customs procedures for reliable traders (Authorized Economic Operators).
The European Council should now adopt the Regulation for the Union Customs Code within the coming weeks, so that it can enter into force by November 1, 2013.
