June 2013, Volume 12, Issue 2
In this issueGlobalWCO approves advisory opinion on trademark royalties ..................................................... 2
Americas
admission and temporary export ............................................................................... 4
...................................................................................... 5
................................................. 7
...................... 8
...................................................................................... 11
................................................................................................... 12
............................ 14
.................................................................................. 15
........................ 17
...................................................... 18
........... 20
................................................................................................... 22
Europe, Middle East and Africa ........ 23
................. 25
............................................................................................ 27
importation amendments ....................................................................................... 28
................................................................................................... 29
TradeWatch
TradeWatch June 20132
WCO approves advisory opinion on trademark royalties
Global
has approved a new advisory opinion on trademark
Background
royalty:
Advisory Opinion 4.15
royalty.
3 TradeWatch June 2013
imported goods.
sale is properly implied.
Implications for importers
Dallas
4 TradeWatch June 2013
Brazil
of temporary admission and temporary export
held in Brazil.
São Paulo
São Paulo
Americas
5 TradeWatch June 2013
New automotive tax regime
Incentives granted by Inovar-Auto
per year
Implications of quota limits for importers
6 TradeWatch June 2013
Recent additional rules
steering systems and panels. These items represent
São Paulo,
São Paulo,
7 TradeWatch June 2013
More developments for state value-added tax (ICMS) reform
TradeWatch
Background
Legislative bill proposed by the Brazilian Senate
and 2025.
Brazil.
São Paulo,
São Paulo,
8 TradeWatch June 2013
1
2
CanadaThe “iPod tariff” controversy in Canada and
The Globe and Mail
9 TradeWatch June 2013
3
So, what exactly has changed?
imported into Canada in 2012.4
press release where it was noted that MP3 players that
5
The Canadian Press
10 TradeWatch June 2013
Toronto,
Montreal,
11 TradeWatch June 2013
changes to Canada’s General Preferential Tariff
TradeWatch
legislation.
Montreal,
12 TradeWatch June 2013
MexicoMexican authorities initiate ambitious FTA audit program with broadened scope
Direct shipment requirement
13 TradeWatch June 2013
NAFTA 303 audits
program
exported to the US or Canada.
303.
need to assess whether pedimentos were
Dallas,
Dallas,
14 TradeWatch June 2013
PeruCustoms auditors increasingly looking at transfer pricing report
Lima,
Lima,
15 TradeWatch June 2013
United StatesUS Customs provides guidance on refunds from post-importation transfer pricing adjustments
Background
TradeWatch
Ruling illustrates complexity of meeting new policy for imports prior to May 2012
16 TradeWatch June 2013
Implications for importers
Dallas,
New York,
New York,
17 TradeWatch June 2013
7
A statement of intent
Missed opportunity
Sydney,
Melbourne,
AustraliaAustralia Customs outside the target range on transfer pricing
18 TradeWatch June 2013
Australian developments — new Anti-Dumping Commission, defense trade with the US and federal budget announcementsAnti-Dumping Commission established from 1 July 2013
TradeWatch
months.
Australia — US Defense Trade Cooperation Treaty enters into force
the Defence Trade ControlsTradeWatch
TradeWatch June 201319
2013 Federal Budget Announcements
A Plan for Australian Jobs TradeWatch
Brisbane,
Brisbane,
20 TradeWatch June 2013
Korea
exposure from import VAT
last year.
More focus on multinationals and related party pricing
changes to VAT Enforcement Decree
21 TradeWatch June 2013
What should importers do?
Seoul,
22 TradeWatch June 2013
Korea-Turkey FTA
Seoul,
23 TradeWatch June 2013
planning.
Where we stand today
European UnionUnion Customs Code: implications for customs valuation planning
Europe, Middle East and Africa
24 TradeWatch June 2013
Committee on Internal Market and
date.
Looking ahead
Brussels,
Brussels,
25 TradeWatch June 2013
GermanyNew directions for customs valuation of related-party transactions
Customs value vs. transfer pricing
26 TradeWatch June 2013
Practical implications
importation.
Documents talkFrankfurt/Eschborn,
Frankfurt/Eschborn,
27 TradeWatch June 2013
interesting developments.
Turkey — South Korea
the Korean market.
What’s next
Istanbul,
TurkeyFree trade agenda
28 TradeWatch June 2013
IsraelIsraeli Supreme Court ruling opens door for certain post-importation amendmentsExecutive summary
Background
Supreme Court ruling
themselves.
Impact on Israeli importers
New York,
Tel Aviv,
29 TradeWatch June 2013
East African CommunityImplications of a single customs territory on export incentives
30 TradeWatch June 2013
Nairobi,
About Ernst & Young
Customs and International Trade (CIT)
TradeWatch
EYG no. YY2949
to the appropriate advisor.
ED None
Americas
Europe, Middle East and Africa
TradeWatch Editor