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Global trade
Trade forms the backbone of the world’s economies, spurring investment, job creation, economic growth, and raising standards of living.
Global trade is being increasingly disrupted as tariff tensions, political unpredictability, protectionist policies and regulatory uncertainty challenge established business models and trade relationships.
The resulting inefficiencies were challenging when the trade environment was stable. But in our increasingly volatile times with COVID-19, Brexit as well as trade and political tensions at both local and global levels, the stakes are far higher.
Now should be a breakthrough era for international trade, as technological advances are making new forms of business possible, built on a foundation of data and insight. EY professionals can help you build an integrated approach by:
- Shaping responses to changing global tariffs and trading relationships
- Reducing cost, risk and delays from your trade network
- Driving better insights through data
- Reimagining your supply chain operating model
- Leveraging technologies
EY Global Trade Updates
Sustainability
In this edition of TradeWatch, we highlight some key sustainability topics and issues impacting the trade function, including:
- How tax departments should prepare for CBAM
- The role of customs and trade functions in the ESG era
- Australia considers CBAM to address carbon leakage
- EU: CBAM in force
- EU: Commission and Council take steps as part of the Circular Economy Action Plan with new rules on textiles and batteries
- UK: reducing waste
- US: Uyghur Forced Labor Prevention Act in action - updated guidance and trends
Previous TradeWatch and TradeFlash editions
TradeWatch 2, 2023
TradeFlash June 2023
TradeWatch 1, 2023
TradeWatch 3, 2022
TradeWatch 2, 2022
TradeFlash Feb, 2023
How EY can Help
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Our indirect tax and global trade team can help your business strategically meet its tax obligations and resolve tax controversy. Find out more.
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Our excise tax professionals can help your business reduce its risk, enhance compliance and build a unified tax strategy. Find out more.
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Our indirect tax compliance service professionals can help you meet your compliance obligations and business goals around the world. Find out how.
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The Geostrategic Business Group can help translate geopolitical insights into business strategy to help manage political risk. Find out how.
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Our Corporate, Commercial and SME (CCSB) Banking services team can help your business navigate through rising market expectation. Learn more.
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Our flexible EY Trade Connect technology platform can help your business view its trade operations with clarity and act with precision. Learn more.
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The team
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