GTM

Abolition of customs duties in Switzerland - a major economic breakthrough

Abolition of customs duties in Switzerland - a major economic breakthrough

At the same time, Switzerland's complex customs tariff will be fundamentally revised and simplified. Adopted as part of an amendment to the Customs Tariff Act, these decisions are the result of a careful analysis of the economic benefits and challenges involved.

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Mastering the European Union Deforestation Regulation (EUDR): How MyTower can help your company stay compliant

Mastering the European Union Deforestation Regulation (EUDR): How MyTower can help your company stay compliant

At a time when sustainability and environmental responsibility are at the heart of global business practices, the European Union has introduced the Deforestation Regulation (EUDR) to combat deforestation and promote sustainable supply chains.

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Why automate customs classification?

Why automate customs classification?

Customs classification involves the assignment of a specific code to each imported or exported product by the customs authorities, an essential process for identifying the type of goods and determining the applicable customs duties. However, customs classification

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EU free trade agreements: an engine for growth and economic resilience

EU free trade agreements: an engine for growth and economic resilience

As the European Union (EU) strives to strengthen the competitiveness of its economy, free trade agreements play a crucial role in enabling European companies to explore business opportunities on a global scale. This network of 42

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Are you ready for CBAM?

Are you ready for CBAM?

What is the CBAM? The Carbon Border Adjustment Mechanism (CBAM) is an environmental policy instrument designed to support the European Union’s climate ambitions, aimed at significantly reducing greenhouse gas emissions from the EU.

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Quality upstream, quality downstream! Navigating the challenges of trade compliance with automation

Quality upstream, quality downstream! Navigating the challenges of trade compliance with automation

Companies seem to be facing an increasingly complex international business risk environment, but they often lack the tools, processes and resources to effectively manage emerging risks. Despite the many challenges

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How to avoid customs classification fraud

How to avoid customs classification fraud

In 2021, C&A Serbia was the victim of a major customs fraud involving 300 imports. As recently as the following September, Toyota was sentenced by the Supreme Court of Thailand to a very heavy fine for importing components that had not been approved by the customs authorities.

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The challenges of trade compliance in the luxury goods industry

The challenges of trade compliance in the luxury goods industry

Luxury is an attractive industry thanks to its large size, rapid growth despite the economic crisis, and attractive margins. According to Statista Forecast, the global luxury goods market will be worth US$312.60 billion by 2022. The market is expected to grow

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Reduce customs duties with Global Trade Management

Reduce customs duties with Global Trade Management

Control and reduce your customs duties with a GTM solution International export and import regulations are constantly evolving. The news reminds us of this every day: from Brexit to the transatlantic trade war with its r

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