Business, Freight News

Brussels agrees on trade database

[ March 16, 2015   //   ]

The European Parliament’s Committee on the Internal Market (IMCO) is expected to endorse a compromise agreed with the Council and Commission on setting up a central, EU-wide database for import and export data. However, the requirement to record export data will only apply to sensitive excise goods’ such as alcohol, tobacco and hydocarbons. although a review clause will consider whether or not the to extend this.

The regulation will apply from 1 September 2016.

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