European Union: Announced EU Customs Reform establishing a EU Customs Data Hub

On 17 May 2023, the European Commission proposed a comprehensive reform of the EU Customs Union to simplify and digitise customs processes and strengthen electronic commerce. The reform leverages data-driven approaches, streamlines procedures, and enhances import supervision. It establishes an EU Customs Data Hub, enabling businesses to input supply chain information into a single online platform. Trusted traders can release goods without customs intervention. The reform aims to ensure compliance, reduce burdens, and enhance safety and competitiveness in the single market. The legislative proposals will now be sent to the European Parliament and the Council of the European Union for agreement, and to the European Economic and Social Committee for consultation.