en | hu | ru | bg | ro | tr FacebookTwitterGoogle+LinkedInYouTubeInstagram
+ 357-24-636-919
+ 44-20-7556-0900

Sign up for a free consultation
Subscribe to our newsletter
Request a return call
Downloadable brochures
Request a brochure
5 Minutes Offshore
How to order a company from LAVECO Ltd
Latest news
Currency exchange rates: USD/1 unit
HUF 0.0038
GBP 1.3036
CHF 1.057
RUB 0.0167
HKD 0.1281
JPY 0.009
CNY 0.1482
CAD 0.7987
AUD 0.7945
BRL 0.3187
EUR 1.1648


EU Adjusts Tariff On Flat Panel Displays


More types of flat panel displays will receive duty free treatment from the European Union (EU), a move Brussels argues will promote both internal and external trade.

The tariff liberalization comes a result of changes made to the European Council's Regulation on the Tariff and Statistical Nomenclature and on the Common Customs Tariff. The aim is to simplify legal procedures in favor of European consumers and businesses.

At present, a duty rate is applied on imports of flat panel displays not used exclusively for automatic data-processing (ADP). The reform will mean that displays using signals from ADP machines will be able to receive duty free treatment on an autonomous basis.

This adjustment will eliminate a classification process the EU claims is no longer relevant. Ensuring uniform classification has become "technically impossible," the EU says.