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Many payments in commercial transactions are delayed or late, resulting in losses to businesses especially small-and-medium-sized enterprises (SMEs). According to the European Commission (EC) this costs Europe 450,000 jobs and $32 billion every year. This report explains the rules and protection mechanisms introduced by Directive 2011/7/EU on combating late payment in commercial transactions that is designed to alter the late payment culture in Europe. The Directive applies to all commercial transactions in business-to-business (B2B) and in public-authorities-to-business (PA2B) but does NOT apply to business-to-consumer (B2C) transactions. U.S. businesses should take this Directive into account for all the contracts they sign that fall under a European country’s law.
There are various ways to sell goods and services to European institutions. This report outlines some of the most useful websites that vendors should be familiar with in order to bid on contracts with European institutions. For example, the European Commission, the Council Secretariat and the European Parliament all need a wide array of goods and services, ranging from consultancy on policies and legislation, to office equipment and data management systems. For example, around 9,000 contracts are awarded each year through public procurement procedures by the European Commission. This may be a business opportunity for your company!
This report aims to help companies understand the EU’s customs classification and tariffs system, as well as to provide information on customs advocacy Although the European Union is a customs union with a Community Customs Code and a harmonized tariff system for product classification, customs administration is a Member State activity. As a result some important actions of individual Member State customs authorities are handled differently, resulting in variations from country to country.
Understanding the European Union’s Value Added Tax (VAT) rules can seem daunting for US exporters. It is a complex area with multiple rules and multiple exceptions to those rules. Nevertheless there are some basic principles that underpin the system and this report focuses on those. This report examines the different ways in which EU VAT law impacts U.S. exporters supplying goods and services to EU customers, both from the U.S. and from within the EU.
Machines are subject to product safety requirements in the European Union. At the end of 2009, the legislation currently in force (Directive 98/37/EC) will be replaced by the recently adopted "New Machinery Directive" 2006/42/EC. This report will focus on the steps to comply with the new machinery directive, highlighting some of the changes compared to the existing legislation. Manufacturers who already sell on the EU market will want to consider the implications of the new machinery directive for their product.
There is a broad array of EU legislation pertaining to the marking, labeling and packaging of products, with neither an “umbrella” law covering all goods nor any central directory containing information on marking, labeling and packaging requirements. This overview is meant to provide the reader with a general introduction to the multitude of marking, labeling and packing requirements or marketing tools to be found in the EU.