New customs rules are creating opportunities and challenges
for every business that transfers goods in or out of the
European Union.
For the first time in more than 20 years, the European Union (EU)—the world’s largest trader of
manufactured goods and services—is changing the rules on how to access its market of 500 million
consumers.
Starting May 2016, every global business that imports or exports goods in or out of the EU must
understand and comply with a new framework of customs rules: the Union Customs Code (UCC).
By simplifying certain rules, the UCC will create opportunities for many EU importers and exporters. At
the same time, it will make the customs process more difficult for some businesses. Companies as far
away as Asia and the Americas may feel the UCC’s effects and should begin preparing for the changes
immediately.
Read the full Report. | 
