The most ambitious reform of the European Union (EU) Customs Union since its creation, announced by the European Commission on May 17, is aimed at simplifying reporting requirements and reducing the time for customs processes. In this way, both companies and customs authorities will achieve savings of billions of euros through reduced compliance costs. With these proposals, the European Commission wants to achieve three important goals: establish a new partnership with business, take a smarter approach to customs control and move to a more modern approach to e-commerce.

The reform is necessary against the background of increasing volumes of trade, especially electronic, a high level of fraud in this area, an increase in the number of EU standards that must be checked at the border, as well as geopolitical crises. and changing economic realities.

The future customs union will be based on two instruments: the new EU customs authority and the EU Customs Data Centre

Thus, the new EU customs authority will provide and control a single interface at the level of the union – EU Customs Data Centerwhich will practically replace the existing customs IT infrastructure in the Member States and which will mean savings of up to two billion euros per year in operational costs.

Read the rest of the article on the PwC Romania blog

The article is signed by Ludmila Petrescu, Senior Manager and Florin Nyagoe, Manager

Article supported by PwC Romania