14th May 2012

Did You Know? Issue 134 - 14thMay 2012

1. EU and USA agree to recognise each other's "trusted traders":  2. Guidelines on goods in transit – especially MEDICINES3. Montenegro becomes 154thWTO member: 4. TIR-EPD in Russia: 5. Brazil overtakes UK to become world’s 6th largest economy: 6. Expiry Review ADD Ironing Boards from China/Ukraine: 7. Make it in GB Campaign


1.         EU and USA agree to recognise each other's "trusted traders":  4thMay 2012 – EU and U.S. certified trusted traders will enjoy lower costs, simplified procedures and greater predictability in their transatlantic activities, as a result of a mutual recognition decision signed today. The European Union and the United States of America formally agreed to recognise each other's safe traders, thereby allowing these companies to benefit from faster controls and reduced administration for customs clearance. Importantly, mutual recognition will also improve security on imports and exports, by enabling customs authorities to focus their attention on real risk areas. Under this agreement the EU and the U.S. will recognise each other’s security certified operators. Authorised economic operators in the EU will receive benefits when exporting to the US market, and the EU will reciprocate for certified members of the US Customs-Trade Partnership against terrorism (C-TPAT).  Mutual recognition of trade partnership programs prevents the proliferation of incompatible standards, and promotes harmonisation of customs practices and procedures worldwide.Click here for the Press Release

2.         Guidelines on goods in transit – especially MEDICINE: The European Commission has developed guidelines to provide clarifications on the application of Council Regulation No1383/2003 and it’s implementing Regulation No1891/2004 with regard to goods in transit through the territory of the EU.  The guidelines address the specific concerns raised by India and Brazil on medicines in genuine transit through the EU which are covered by a patent right in the EU.  They also take account of the findings of the Court of Justice of the EU in its judgment of 1 December 2011 related to joined cases C-446/09 and C-495/09 (Philips/Nokia).  The guidelines are available in 22 languages. CLICK HERE

3.         Montenegro becomes 154thWTO member:on the 29thApril 2012 Montenegro acceded to the World Trade Organisation.  Still awaiting formal membership are Samoa and Russia while Vanuatu – who was accepted as a member in October 2011 – has not yet domestically  ratified the accession document and has had its membership suspended.

4.         TIR-EPD in Russia: The International Road Transport Union (IRU) has successfully implemented its TIR (Transports Internationaux Routiers) Electronic Pre-Declaration (TIR-EPD) IT application in Russia.  This allows it to meet the new Customs Union legal requirements between Belarus, Kazakhstan and Russia for the electronic submission of advance cargo information to enter into force in June 2012, as well as in Ukraine.  This deployment of TIR-EPD to Russia and Ukraine, bringing the total number of countries where TIR-EPD is operational to 21, will considerably enhance security and simplify border crossing procedures for trade by international road transport between Europe and Asia, the IRU said.  All TIR Carnet Holders can now submit electronic TIR pre-declarations both to the Russian and Ukrainian Customs authorities free of charge through TIR-EPD, saving transport operators time and money during border crossings.  It also allows Russian Customs authorities to perform risk assessment measures far in advance of a truck’s arrival at the border. The IRU TIR-EPD application allows TIR Carnet Holders to comply, free of charge, with the EU NCTS (New Computerised Transit System)/ TIR and EORI (Economic Operator Registration and Identification) Regulations, which entered into force in 2009, as well as with the new EU security requirements, which entered into force on 1 January 2011, by submitting TIR Electronic Pre-Declarations to Customs offices of entry/departure in a simple, standardised way.  The IRU TIR-EPDis also fully compliant with the World Customs Organisation’s Framework of Standards.

5.         Brazil overtakes UK to become world’s 6th largest economy: Thanks in part to high food and oil prices, Brazil has now overtaken the United Kingdom to become the world’s 6th largest economy behind the US, China, Japan, Germany and France. Figures from the April 2012 edition of the IMF’s World Economic Outlook show the value of the Brazilian economy (GDP, current prices) at an estimated US$2492.91 billion in 2011 compared with the UK’s estimated $2417.57 billion.   Brazilians have already seen a huge rise in their GDP over the last 10 years and this looks likely to continue with the value of the economy set to almost double from 2008 at $1650.392 billion (GDP, current prices) to an estimated $3267.904 billion in 2017. In the UK, growth over the same 10 year period is estimated at 19%.  However, with a population three times that of the UK, and one of the worst income distributions in the world Brazilians are fully aware that GDP is not the only measure that matters and that there is a long way to go to reach a similar standard of living. The per capita income in 2011 of Brazilians was $12,788.56, less than a third of that of the UK's inhabitants.

6. Expiry Review ADD Ironing Boards from China/Ukraine:  Notice of initiation of an expiry review of the anti-dumping measures applicable to imports of ironing boards originating in the People's Republic of China and Ukraine.  Further details CLICK HERE

7. Make it in GB Campaign: The Make it in Great Britain campaign aims to transform outdated opinions of modern manufacturing and dispel the myth that Britain ‘doesn’t make anything anymore’.  It culminates in the Make it in Great Britain exhibition of cutting-edge British manufacturing at the Science Museum, to coincide with the Olympic and Paralympic Games. The campaign also features the Make it in Great Britain Challenge, a national competition to find the most innovative British pre-market products, processes and concepts that will be featured as part of the Make it in Great Britain exhibition.  Links:

Make it in Great Britain website http://makeitingreatbritain.bis.gov.uk/   

News Find out the latest news http://makeitingreatbritain.bis.gov.uk/news

Exhibition at the Science Museum  http://makeitingreatbritain.bis.gov.uk/exhibition



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