The European Commission is planning to impose import duties on goods up to 150 euros, which are currently exempted. Brussels has previously abolished VAT exemptions. These measures strengthen the position of traders within the Union.
New EU Customs Authority
According to the European Commission, the customs reform would generate 750 million euros per year in import duties for the Union. The Commission has also made plans for a new EU Customs Authority, which should be up and running within five years. This authority is expected to establish and maintain a new ‘data hub’ to improve information flows between member states and simplify customs procedures.