Supply Chain

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It also implements the gradual reduction of duty rates for products covered by the "Declaration on the Expansion of Trade in Information Technology Products" agreement, also known as the ITA agreement. The relevant part of the agreement, which specifies the reductions to be implemented by 2023, can be found on the World Trade Organization's website. The CN codes introduced throughout 2022 can also be found on the European Union's EUR-Lex website.

#WeAreCustomsSupport What is the Combined Nomenclature (CN) and why is it essential?
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Did you know that nearly 100 million live Christmas trees are bought across Europe and America every year? If you assumed every tree was valued at £30 (34.27 Euro 20/12/2022), that’s three billion pounds of trade on just the Christmas tree alone. That’s without freight, insurance, or decorations!

Christmas Tree - Guess the Link
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Whether you are importing or exporting goods, and whether you are a buyer or a seller, the chances are high that you will encounter Incoterms.