Global trade

Trade forms the backbone of the world’s economies, spurring investment, job creation, economic growth, and raising standards of living.



EY Global Trade Updates

Tradeflash cover june 2024

TradeFlash June 2024

Welcome to the newest edition of the TradeFlash newsletter, a roundup of the latest developments in global trade around the world.

In this issue, we provide links to EY articles and webcasts covering key trade topics, many of them focused on the impact of sustainability and data challenges on international trade. We also provide links to our articles such as  How can boards convert sustainability from a wish to a winning reality?  and How the government can accelerate better trade in Australia.

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Tradewatch 2024 global Insight

TradeWatch Global Insights

The Global Insights section of our latest TradeWatch publication covers a wide range of trade topics and developments from around the world. On the agenda of this Issue 1, 2024: 

  • Top seven trade trends in 2024
  • How trade technologies and automation are transforming customs and trade functions
  • Report on the World Trade Organization’s 13th Ministerial Conference
  • The conflict between transfer pricing and customs valuation

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TradeWatch Americas Insights 

Under our Americas chapter, focus is on:

  • Brazil: Implications of the tax reform on global trade
  • Mexico: IMMEX Program — the competitive edge
  • US: Latest CBP ruling addresses limitations surrounding customs business

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TradeWatch Asia-Pacific Insights

The Asia-Pacific chapter focuses on key issues, with the following articles:

  • Australia accelerates its transition towards paperless trade
  • Japan: 2024 tax reform changes to the customs law
  • New Zealand: Customs agency loses valuation case on the treatment of royalties for valuation purposes

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TradeWatch EMEIA Insights

Under the EMEIA chapter, authors focus on:

  • European Union: First vote on EU customs reform
  • India: Bureau of Indian Standards
  • South Africa: Transfer pricing adjustment rules
  • Türkiye: Removal of right to deduct import VAT

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Farmer tractor with spraying fertilizer

Sustainability

In this edition of TradeWatch, we highlight some key sustainability topics and issues impacting the trade function, including:

  • EU and UK: Update on the Carbon Border Adjustment Mechanisms (CBAMs) 
  • Germany: Excise tax legislative developments related to packaging and meat products
  • Thailand: Incentives for production of battery-powered electric vehicles

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Previous TradeWatch and TradeFlash editions

TradeWatch 3, 2023

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TradeWatch 2, 2023

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TradeWatch 1, 2023

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TradeFlash Feb, 2024

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TradeFlash Oct 2023

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TradeFlash Feb, 2023

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TradeConnect

How can you spend less time on tactical/transactional activities and more on strategic and focused activities that create value? One way is to turn to EY Trade Connect — a modular technology platform that links EY clients to a broad spectrum of managed services that can adapt and evolve with the changing needs of the business.

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    Podcast : Gender gap in international trade

    In this episode, we explore the scale of the gender problem and leading practice deployed to help make a breakthrough.

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