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Compliance Reefs: From Tariff Codes to New ESG Regulations

2024-12-01

A routine inspection by the Belgian customs left a 40-foot container of a certain furniture merchant detained for 10 days - simply because the "solid wood dining table" was classified as "furniture components" (with an incorrect HS code) during customs declaration, triggering an anti-dumping duty check. More than 80,000 such cases occur in the European Union every year. More complex challenges come from the green New Deal: starting from 2026, the EU requires a 40% reduction in carbon emissions from maritime containers. Cma CGM has already put 20 memethanol powered container ships into operation, with the cost of each ship being 1.8 times that of traditional vessels. A footwear exporter has done the math: transporting 100,000 pairs of sports shoes from Guangzhou to Rotterdam using an LNG-powered vessel, although the freight cost increases by $8,000, it can obtain a $12,000 reduction in the EU's "green tariff", ultimately saving costs. Compliance is no longer a cost item but has become a lever of competitiveness.