EU, China sign customs cooperation agreement

The European Union and China on June 2 signed a customs cooperation agreement covering the years 2018–2020, providing the priorities and objectives for EU-China customs cooperation and reaffirming the countries’ commitment to trade security and facilitation.

The agreement, the Strategic Framework for Customs Cooperation, was signed by European Commissioner for Economic and Financial Affairs, Pierre Moscovici, and Minister of Customs of China, Mr Yu Guangzhou, during the 19th Summit between the European Union and the People’s Republic of China held in Brussels.

The purpose of the framework is to protect citizens and combat illegal trade through effective customs controls. At the same time, it aims to speed up and reduce administrative burdens on legitimate trade.

The framework supports continued cooperation on supply chain security, the enforcement of intellectual property rights, and the fight against financial and environmental fraud. Cooperation has also now been extended to the field of e-commerce, an emerging part of industry which has seen a steep rise in terms of the value and market share.

Davide Anghileri

Davide Anghileri is a PhD candidate at the University of Lausanne, where he is writing his thesis on the attribution of profits to PEs. He researches transfer pricing issues and lectures for the Master of Advanced Studies in International Taxation and Executive Program on Transfer Pricing.

Anghileri, a Contributing Editor at MNE Tax, previously worked as a policy advisor to the Swiss government on BEPS issues. He can be reached at danghileri@yahoo.it.

Davide Anghileri


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