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
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 (via ey.com Australia)
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
Download Global Insights chapter
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
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
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
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
Previous TradeFlash and TradeWatch editions
TradeFlash Feb, 2024
TradeFlash Oct, 2023
TradeFlash Feb, 2023
TradeWatch 3, 2023
TradeWatch 2, 2023
TradeWatch 1, 2023
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.
Read more about our global trade operation services
Our latest thinking
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.
