BREXIT & SAP
Companies that use SAP must deal with a large number of changes and adjustments in SAP. SAP has been preparing customers for the changes for a long time and provides accurate information, updates and the corresponding patches. The system changes specifically concern the system settings and changes to the master data records.
We offer SAP and GTS based solutions and best practices for customs clearance, for controlling export, import, and embargo regulations to help companies better manage the effects of brexit. Need help?
We have more than 10 years of professional experience allowing us to successfully support our Customers in the field of customs, compliance and preferential trade agreements.
Deep understanding of the customer-specific processes is essential for an effective training. This usually requires preparation and preliminary work. We are often requested to teach GTS standard functions as well to help develop a well-founded, structured knowledge about the system.
Maintaining Long-Term Vendor declarations via Portal with full GTS Integration:
- Paperless data handling
- Fast Integration (Cloud/on Premise)
- Automatic/ Semi Automatic operation
- Less human Error
- Flexible pricing model
If you are interested in our product or want to try the demo version:
- When the agreement comes into force, Vietnam undertakes to immediately abolish customs duties on imports for 65 percent of EU products.
- In the course of ten years, with a few exceptions, all other products will follow.
- The rules of origin are kept simpler, there is only one (third) column - instead of the usual third and fourth columns with two alternative rules for the working or processing of materials.
- The rules of origin are similar to the EU's Generalised System of Preferences (GSP) rules for developing countries and the trade agreement with Singapore.
- In most cases a change of position at 4-digit level is required for non-originating materials or alternatively, depending on the product, a value-added rule between 40 and 70%.
The Free Trade Agreement EVFTA between the EU and Vietnam will enter into force on 01.08.2020.
The rules of origin with Japan are much more complicated than with other countries.
- The classic free trade agreements of the EU work with a single comparative value. The value of the materials used is compared with the ex-works price (EXW). For example: '...where the value of all the materials used does not exceed 40 % of the ex-works price of the product'.
- In the agreement with Japan, there are two ways of calculating. The first is a comparison with the ex-works price (EXW) and the second is a comparison with the free on board (FOB) price. For example: 'MaxNOM 50 % (EXW) or RVC 55 % (FOB)'.
- The first variant is a rule common in the EU, the second variant corresponds to the rules common in Japan's free trade agreements. The advantage is that the economic operators of each contracting party can apply either of these two list conditions. Companies established in the EU will normally apply the ex-factory price calculation also used in other EU agreements.
- Furthermore, the agreement with Japan requires that the origin criterion applied be specified. This means that if an origin rule is applied, the reason for it must be stated. For this purpose, 8 possible indicators are given: A, B, C, C1, C2, C3, C4, D, E.
The Free Trade Agreement between the EU and Japan entered into force on 01.02.2019.