The European Commission today released an annual report on trade and investment barriers that reveals the EC has eliminated trade barriers faced by EU companies doing business abroad.
According to an EC release, 45 trade obstacles were lifted fully or in part in 2017 (more than twice as many as in 2016). The barriers removed span across 13 key EU export and investment sectors including aircraft, automotive, ceramics, ICT and electronics, machinery, pharma, medical devices, textiles, leather, agri-food, steel, paper, and services. Overall, this brings the number of barriers eliminated to 88. Examples of some of the barriers that were removed include:
Many examples are included in a fact sheet.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
Partner, Global Practice Leader
Partner, National Practice Leader
John L. McLoughlin
Principal, East Coast Leader
Luis (Lou) Abad
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