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27 March 2025
Knowledge Management
Lens on Venezuela – Partial reform of the customs tariff regime
In Official Gazette No. 6,890 Extraordinary, dated March 6, 2025, Decree No. 5,103 of the same date was published, enacting the Partial Reform of Decree No. 4,944, dated April 24, 2024, which was published in Official Gazette No. 6,804 Extraordinary on the same date.
The Decree includes the following modifications:
- Articles 8, 10, and 21 have been amended, which previously stated that the entity responsible for administering exemption certificates was the Ministry of Popular Power responsible for Industry. This responsibility has now been transferred to the Presidential Commission, which is now a permanent body named the "Foreign Trade Committee."
- Column 4 (Ad Valorem Tariff) of Article 37 has been modified, but only for the subheadings indicated in this article that pertain to the Pharmaceutical Sector. These subheadings will be subject to the Common External Tariff established in the Reform, which will be applied preferentially and immediately over the rate reflected in column 3 of the same article.
- The nomenclature of the subheadings contained in column 2 (Description of Goods) and the Common External Tariff set forth in column 4 (Ad Valorem Tariff – Ex. CET) of Article 37, corresponding to the Pharmaceutical Sector, have been modified.
- The nomenclature of the subheadings contained in column 2 (Description of Goods), the Common External Tariff in column 4 (Ad Valorem Tariff – Ex. CET), the Legal Import and Export Regime in columns 5 and 6, and the Physical Units in column 7 have been modified.
- Column 5 (Legal Import Regime) of Article 37, which enacts the Customs Tariff, has been modified only for the subheadings indicated in the Reform. These subheadings will now be subject to the Legal Regime set forth in the Reform.
- New Supplementary Notes have been added to Chapters 33, 34, 38, and 87 of Article 37, which enacts the Customs Tariff.
- Supplementary Note 1 of Chapter 87 of Article 37, which enacts the Customs Tariff, has been modified.
- Note 6 of Subchapter I of Chapter 98 of Article 37, which enacts the Customs Tariff, has been modified. This note concerns the importation of goods by legal entities whose economic activity pertains to the automotive sector. These entities may be eligible for exemption from the Common External Tariff specified in columns 3 or 4, as well as from Value Added Tax, in the cases provided for in the Reform. It is stated that the duration of the VAT exemption will be subject to the currently valid Decree on Customs Exemptions.
- The issuance of Vehicle Assembly Material Certifications (MEIV) is now conditioned on authorized vehicles containing at least 50% national added value, duly validated through a joint authorization by the Foreign Trade Committee and the Ministry of Economy and Finance.
- The requirement for Legal Regime 9, related to the "Permit from the Presidential Commission, now a permanent body named the 'Foreign Trade Committee,'" is waived for a period of one year from the effective date of this Decree. However, this does not affect the provisions of Article 9 of the Reform. The Commission may extend this waiver.
This Decree will come into force five business days after its publication in the Official Gazette.
24 March 2025
Knowledge Management
Client Alert: Dazi Anti-Dumping sui Filamenti di Fibra di Vetro dalla Cina
L'UE IMPONE DAZI ANTI-DUMPING SUI FILATI IN FIBRA DI VETRO CINESI
La Commissione Europea ha introdotto dazi anti-dumping definitivi sulle importazioni di filati in fibra di vetro (GFY) dalla Cina, rafforzando il proprio impegno per un commercio equo e regolamentato.
Questa decisione segue un’indagine avviata il 16 febbraio 2024 ai sensi dell'Articolo 5 del Regolamento (UE) 2016/1036, in risposta a un reclamo presentato il 3 gennaio 2024 da Glass Fibre Europe, l’associazione che rappresenta l’industria europea del settore. Il reclamo evidenziava pratiche di dumping e danni economici significativi per i produttori UE, spingendo la Commissione ad intervenire.
Il 15 ottobre 2024, l'UE aveva già imposto dazi provvisori tramite il Regolamento di esecuzione (UE) 2024/2673. Dopo un'ulteriore analisi, il 18 marzo 2025 ha confermato le misure definitive per contrastare le importazioni cinesi a prezzi ingiustamente bassi, che stavano minando il mercato europeo.
I nuovi dazi, calcolati in percentuale sul prezzo CIF (Cost, Insurance and Freight) alla frontiera dell'Unione, al netto dei dazi, sono fissati al 26,3% per Henan Guangyuan New Material Co., Ltd. (uno dei produttori cinesi coinvolti nell’indagine) e al 56,1% per tutte le altre importazioni dalla Cina.
Le misure riguardano i filati in fibra di vetro, sia ritorti che non ritorti, ma escludono nastri di fibra di vetro, cordoni e filamenti tagliati. Questi materiali sono ampiamente utilizzati nella produzione di tessuti intrecciati, a maglia, intrecciati o senza cuciture, impiegati per rinforzare materiali cementizi (come la malta) o resine elastomeriche, termoplastiche e termoindurenti nell'industria dei compositi. Tra le principali applicazioni figurano componenti per automobili, batterie per veicoli elettrici, camion, autobus, treni, pale eoliche, aeromobili, isolamento edilizio, protezione da fumo e incendi, isolamento acustico, filtrazione (aria, metalli, polveri e liquidi) e isolamento elettrico.
I dazi entreranno in vigore alla data di pubblicazione nella Gazzetta Ufficiale dell'Unione Europea e resteranno validi per cinque anni, fino al 2030, salvo proroghe o revisioni.
Queste misure fanno parte della strategia dell’UE per contrastare le pratiche commerciali sleali legate all’iniziativa cinese Belt and Road, proteggendo le industrie e i lavoratori europei da distorsioni del mercato e garantendo condizioni di concorrenza eque nel commercio internazionale.
Milan
20 March 2025
Events
Workshop: Art and ESG – Dialogue for a Sustainable Future
GA e Stelva Group are pleased to invite you to the workshop on crucial topics such as environmental sustainability, social justice, and ethical governance.
Imagine a future where art and sustainability come together to create a better world.
Discover how art can inspire change and contribute to a fairer and more responsible world.
SPEAKERS
- Arianna Bonaldo - Lawyer and Chartered Accountant
- Francesco Cascino - Art Director of Art Thinking Project
- Andrea Mognon - CFA Head of Asset Management at Banca Zarattini & Co.
- Carlo Cugnasca - Chartered Accountant, partner Ga
- Elisabetta Cugnasca - Head of IR Interpump Group and Honorary President AIR
Gianvirgilio Cugini - Moderator, Managing Partner Stelva Group