EU: Proposal for Ukraine to join “common transit convention” customs network

Ukraine could be formally invited to join the conventions by as early as 1 October 2022

Ukraine could be formally invited to join the conventions by as early as 1 October 2022

The European Commission today announced a proposal for Ukraine to be invited to join the “common transit conventions”—an international framework for the customs transit of goods with simplified procedures between the EU and partner trading countries.

As explained in an EC release, this would mean that goods can move much more easily between the EU and the seven “common transit countries” (Norway, Iceland, Switzerland, North Macedonia, Serbia, Turkey, and the UK). The simplified rules include items such as mutually recognised financial guarantees for customs transit and less controls, and these would reduce costs while facilitating and boosting trade.

If endorsed by the EU Council and other steps are completed, Ukraine could be formally invited to join the conventions by as early as 1 October 2022.    


For more information, contact a professional with KPMG’s Trade & Customs services:

Doug Zuvich
Partner and Global Practice Leader
E: dzuvich@kpmg.com

John L. McLoughlin
Principal and East Coast Leader
E: jlmcloughlin@kpmg.com

Andy Siciliano
Partner and National Practice Leader
E: asiciliano@kpmg.com

Steve Brotherton
Principal and Global Export and Sanctions Leader
E: sbrotherton@kpmg.com

Luis (Lou) Abad
Principal, Washington National Tax
E: labad@kpmg.com

Irina Vaysfeld
Principal
E: ivaysfeld@kpmg.com

Amie Ahanchian
Principal
E: aahanchian@kpmg.com

Christopher Young
Principal
E: christopheryoung@kpmg.com

Gisele Belotto
Principal
E: gbelotto@kpmg.com

George Zaharatos
Principal
E: gzaharatos@kpmg.com

Andy Doornaert
Managing Director
E: adoornaert@kpmg.com

Jessica Libby
Principal
E: jlibby@kpmg.com

 

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