Free Circulation of Goods in the OECS

Similar documents
Public and private partnership in identifying and raising trade concerns

CARIBBEAN REGIONAL NEGOTIATING MACHINERY THE TREATMENT OF PROFESSIONAL SERVICES IN THE EPA

General information about the Common Market of Eastern and Southern Africa (COMESA)

ANNEX. to the. Recommendation for a Council Decision. authorising the opening of negotiations for a Free Trade Agreement with New Zealand

AmCham EU position on Customs & Trade Facilitation in TTIP

BRIEF ON KEY ISSUES AFFECTING THE PRIVATE SECTOR IN THE EAC: PRESENTED TO H.E

Regional Integration in Africa: what has been done and what needs to be done

THE MOVEMENT OF CAPITAL. CARICOM Single Market and Economy (CSME)

REPORT ON THE OUTCOME OF THE CONSULTATION ON ''SIMPLIFICATION OF VAT COLLECTION PROCEDURES IN RELATION TO CENTRALIZED CUSTOMS CLEARANCE"

CARIBBEAN REGIONAL NEGOTIATING MACHINERY SPECIAL AND DIFFERENTIAL TREATMENT PROVISIONS IN THE CARIFORUM-EC ECONOMIC PARTNERSHIP AGREEMENT

COMMISSION STAFF WORKING DOCUMENT EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT ON THE FUTURE OF THE EU-US TRADE RELATIONS. Accompanying the document

Brexit Quick Brief #1

CEFTA SECRETARIAT WORK PROGRAMME

English Version. Are you ready for Brexit? IHK checklist for businesses

How to do business in Romania

Addressing Trade Restrictive Non Tariff Measures on Goods Trade in the East African Community

Working Paper SHORT COURSE. Training for the National Trade Negotiations Team Uganda

Case Studies from WTO Chair Holders

A COMMON CORPORATE TAX BASE IN ORDER TO IMPROVE THE EUROPEAN SMES BUSINESS ENVIRONMENT

Moving towards a Common External Tariff Regime in ASEAN. Draft Final Report

Final Draft Framework Agreement

Life Assurance. Cross-border activities entirely or mainly carried out outside the home Member State

Lessons of Regional Harmonization of Tax System & Tax Incentives and WTO rules

EU Single Financial Market

REQUEST FOR TENDERS ANALYSIS OF IMPLICATIONS OF THE PROPOSED ESTABLISHMENT OF A TRIPARTITE FTA BETWEEN COMESA, SADC AND THE EAC ON SACU

BUSINESSEUROPE POSITION ON THE EU-KOREA FREE-TRADE AGREEMENT (FTA)

Value added taxes and public procurement in energy trading

Consultation on a possible statute for a European foundation

Financial Regulatory Authorisation: Doorway or Barrier to the Irish Market?

Principles of and Lessons from Regional Harmonization of Tax System

TAX GUIDE. St. Kitts and Nevis. Article Courtesy of: Dawkins Brown Crowe Jamaica Trinidad Terrace Kingston 5 Jamaica

The Economics of the Single Market and the Trade Expansion in Neighboring Countries

OBSTACLES TO THE EUROPEAN INTERNAL MARKET IN THE FIELD OF VALUE-ADDED TAX

RESTREINT UE/EU RESTRICTED

Chapter 16 Indirect Taxation

COMMISSIONER ALGIRDAS ŠEMETA TAXATION, CUSTOMS, STATISTICS, AUDIT AND ANTI- FRAUD

Quality Infrastructure and the CFTA

CETA Agreement and Conformity Assessment

Ratification of the COMESA-EAC-SADC Tripartite Free Trade Area (TFTA) PORTFOLIO COMMITTEE ON TRADE AND INDUSTRY 13 JUNE 2018

EUR-Lex D EN

Session 2 Free Movement of Goods in the European Customs Union.

AGREEMENT AMENDING ANNEX 1 (CO-OPERATION ON INVESTMENT) OF THE PROTOCOL ON FINANCE AND INVESTMENT

Contribution to the European Foundation Statute Public Consultation April 2009

Commom market. Free Trade Area

Reasoned Opinion of the House of Commons. Concerning a draft Regulation on a Common European Sales Law for the European Union 1

Changing the OECD Model Tax Convention

Analysis of trade..., Tri Kurnia Septiawan, FE UI, 2010.

Comments to the Draft Resolution on TTIP negotiations

ARTNeT / WTO Research Workshop on Emerging Trade Issues in Asia and the Pacific: Meeting contemporary policy challenges. 4 5 April 2012, Thailand

Brexit Options for a future regulatory framework for trade in services and customs and trade procedures between the EU and the UK

The Single European Market (SEM) EU Integration after Lisbon

COMMISSION OF THE EUROPEAN COMMUNITIES COMMISSION STAFF WORKING DOCUMENT. Accompanying document to the. Proposal for a

Delegations will find attached the partially declassified version of the above-mentioned document.

Overview of EDC & CETA Opportunities. Klaus Houben, Regional Director Europe, Russian Federation and CIS The Hague, December 6, 2016

Principles of International Taxation

EUROPEAN COMMISSION DIRECTORATE-GENERAL TAXATION AND CUSTOMS UNION WITHDRAWAL OF THE UNITED KINGDOM AND EU RULES IN THE FIELD OF VALUE ADDED TAX

The Commission s Study on Company

The WTO SPS and TBT Agreements. Marième Fall Agriculture and Commodities Division

EURASIAN ECONOMIC UNION: LEGAL FRAMEWORK MOSCOW, 13 NOVEMBER 2014

Stefan Lehner Director European Commission Directorate-General for Budget Presentation for the HLG on OR 23 March 2015

How the Post-Cotonou Agreement can support EU investment and private sector development in ACP countries

Transatlantic Trade and Investment Partnership Questions & Answers

A. Context, Subsidiarity Check and Objectives

European Economic and Social Committee OPINION. European Economic and Social Committee

UK to hold referendum on its membership of the European Union

IBFD Course Programme Global VAT

COMMUNICATION FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT, THE COUNCIL AND THE EUROPEAN ECONOMIC AND SOCIAL COMMITTEE

Agreement setting up a free trade area between the Arab Mediterranean countries

Why and how to get involved in OIE standard setting the EU perspective

Contribution to the European Foundation Statute Public Consultation April 2009

Classifying Barriers to Trade. Abhijit Das Professor and Head Centre for WTO Studies

Charles Proctor Partner, Fladgate LLP

Free Movement of Goods

Questions and Answers: Value Added Tax (VAT)

TOOL #26. EXTERNAL TRADE AND INVESTMENT

Brazil - U.S. Business Council

COMMISSION STAFF WORKING DOCUMENT IMPACT ASSESSMENT. Accompanying the document. Recommendation for a Council Decision

FDI in the EU Single Market

COMMISSION OF THE EUROPEAN COMMUNITIES

Transatlantic Trade and Investment Partnership (TTIP)

Brexit Monitor The impact of Brexit on (global) trade

POSSIBLE UPDATE OF THE EXTRACTIVE INDUSTRIES HANDBOOK

ANNEXES. to the. Proposal for a COUNCIL REGULATION

Our position. Towards a Comprehensive Economic Partnership Agreement between the EU and Indonesia

Are you ready for BREXIT? IHK checklist for companies

FIVE YEAR REVIEW OF THE CARIFORUM-EU ECONOMIC PARTNERSHIP AGREEMENT JOINT WORKING DOCUMENT 14 JULY 2015

On 25 November 2017 the Icelandic Ministry for Foreign Affairs published a report which explores the potential implications of the United Kingdom s

ENHANCING TRADE AND INVESTMENT, SUPPORTING JOBS, ECONOMIC GROWTH AND DEVELOPMENT: OUTLINES OF THE TRANS-PACIFIC PARTNERSHIP AGREEMENT

AmCham EU s position on the Commission Anti-Tax Avoidance Package

EU Trade Policy and CETA

View on the perspective on Regional Gas Market Development in Eastern Baltic Region

Terms of Reference for the Project Management Unit under the SADC

Communique on the Regional Meeting of Rice Value Chain Stakeholders. Julius Nyerere International Convention Centre, Dar es Salaam, Tanzania

Results/Trade Performance- Intra

Why not VAT on intra-eu supplies of goods and services? Christian Amand September 18th 2018

Regional Investment Reform Agenda for the Western Balkans Six

INTRA-COMMUNITY TRADE

SUPPORTING THE DEVELOPMENT OF METROLOGY IN AFRICA

Chapter 7 The European Union and the single market

2. International taxation: Tax sovereignty. International double taxation: economic and legal. Methods to avoid double taxation.

Transcription:

ORGANISATION OF EASTERN CARIBBEAN STATES Free Circulation of Goods in the OECS Presentation to the St Lucia Chamber of Commerce 2 April, 2013

OECS Economic Integration is about removing barriers between national markets in goods, services and factors of production to increase competitiveness and total output among the OECS so as to improve the welfare and quality of life of the people

Treaty Provisions: creation of a single economic and financial space prohibition of customs duties and restrictions on the importation and exportation of goods common customs tariff and common commercial policies....abolition of the obstacles to the free movement of persons, services and capital..

Creation of the Common Market A single economic and financial space Prohibition of customs duties, QRs, import formalities Common Customs Tariff Policy harmonization Free movement of factors 22

Free Movement of Goods Goods produced in the union will be without trade and other such restrictions. These restrictions will be completely dismantled for goods originating from the union. Goods entering the EU will be in free circulation (Article 4, 5, 6, 7, 8, 9, 10 Protocol)

Goods from OECS countries Goods from non-oecs countries 23

Goods from OECS countries & in free circulation X X X Free circulation: removal of physical, fiscal and technical barriers 24

Key Actions Required to create the common market Tax Reform Common Customs Tariff (CCT) for the OECS Based on the CET (CARICOM) Harmonization of derogations from the CET Elimination of tariffs on intra-oecs trade Consider reform of regime for other duties and charges and internal taxes to minimise potential problems Harmonize CSC, VAT, environmental levy inter alia 25

Key Actions Required to create the common market - NTBs Customs importation procedures and other regulatory matters (e.g. SPS, TBT) should apply at first point of entry into the common space but not for intra-oecs trade TBT & SPS reform would be supported by harmonization and mutual recognition (with provision for exceptions) 26

Key Actions Required to create the common market Institutional Issues Establish regional supporting systems & mechanisms: Regional Risk Management System Regional Customs Committee 27

Key Actions Required to create the common market Legislative Review Legislative Review Harmonisation and/or mutual recognition Regional Customs Code Areas of legislative competence endorsement required by OECS Authority 28

Key Actions Required to create the common market Other Actions Other cross cutting actions Training for relevant officials and private sector Public Awareness and Education Increased coordination between border agencies 29

Implications: Time savings/efficiency: No barriers = less time at the border Revenue loss? 0.6% 1.4% (2009) = Reduction in cost of moving goods within the single space 29

Common market for Services: Free Movement of Persons: Citizens of the member states will be able to move to work and live freely in any member state of the union.(article 12 Protocol) Free Movement of Services: Nationals of participating states will be able to process and receive services in any state.(article 27 Protocol 29

Common market for Services: Free Movement of capital: Restrictions on the movement of capital within the union will also be totally eliminated. This will address inter alia double taxation and the restrictions on the provision of certain economic activities to nationals of these states. (Article 27 Protocol 29

Actions required to complete Common Market for Services: Establish Systems for Accreditation & Mutual Recognition Establish Employment Services Network (ESN) Create mechanisms to allow access to Social Security benefits and to meet obligations (contributions) 29

Actions required to complete Common Market for Services: Permit the establishment of Member State owned businesses in any Member State without restrictions; Eliminating restrictions on the provision of economic services 29

:Visit our website http://www.oecs.org For more Information on the OECS Call us (758) 455 6327 Email us at oecsec@oecs.org Economic Union Follow us: