On June 10, 2025, the European Commission, led by Ursula von der Leyen and High Representative Kaja Kallas, unveiled the 18th sanctions package—a broad set of measures targeting Russia's energy revenues, financial sector, defense industry, […]
Update – May 25, 2025 Following the announcement of a 50% tariff on EU goods last week, President Trump has extended the deadline for the measure to July 9, 2025, providing both sides more time to […]
On May 20, 2025, the European Union (EU) adopted its 17th sanctions package against Russia, intensifying efforts to curtail Moscow's ability to finance its ongoing war in Ukraine. This latest round of sanctions targets critical […]
In a landmark development this week, the United Kingdom and the European Union have reached a new agreement aimed at streamlining trade, supporting jobs, and enhancing economic cooperation, without re-entering the Single Market or Customs […]
China Announcement of the State Council Tariff Commission on Adjusting the 84% Tariff Measures on Imports from the United States On April 8, 2025, the US government announced that it would increase the "reciprocal tariff" […]
The EU Commission welcomes the Council's adoption of the 16th Russia sanctions package. This package is designed to further ramp up pressure on the aggressor and is part of the EU's unwavering commitment to a just […]
On 16TH December, The Council adopted a 15th package of economic and individual restrictive measures with the objective of further limiting Russia’s ability to wage its illegal, unprovoked and unjustified war of aggression against Ukraine. These measures […]
As a company that was founded in the Netherlands, CATTS has always been deeply connected to one of the busiest hubs of international trade. The Netherlands plays a crucial role in global commerce, with one-third of […]
The European Commission Council's adopted a 13th package of sanctions against Russia on 23rd February 24. This package focuses on further limiting Russia's access to military technologies, such as for drones, and on listing additional companies and individuals involved in Russia's […]
On December 18, 2023, the European Council adopted its twelfth package of economic and individual restrictive measures in response to the continued Russian war of aggression against Ukraine. The focus of this package is to […]
The European Union (EU) has taken a significant step in its commitment to combat climate change by implementing the Carbon Border Adjustment Mechanism (CBAM) starting from October 1, 2023. This mechanism is designed to address the issue of carbon-intensive production being moved abroad to take advantage of lower environmental standards, or the replacement of EU products with imports that have higher carbon dioxide emissions. In this article, we will delve into the details of CBAM, including its objectives, implementation phases, and reporting requirements.
REGULATION (EU) 2023/956 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 10 May 2023 establishing a carbon border adjustment mechanism (CBAM) came into force on 17 May 2023. It's part of the 'Fit for […]