November 25, 2024

[NEWS]: What is the New EU Import Control System (ICS2) and How Will it Impact Businesses?

24 minutes

In this episode of the Simply Trade podcast, hosts Annik and Lalo dive deep into the highly anticipated changes coming to the EU's import control system. As businesses across the globe prepare for the implementation of ICS2, this episode provides crucial insights and actionable steps to ensure your organization stays ahead of the curve.

Main Points/Takeaways:

ICS2: The Game-Changing EU Import Control System

- ICS2 is a new customs, security, and safety program that will affect ocean carriers, freight forwarders, inland waterway operators, and road/rail transport companies importing goods into the EU, Switzerland, and Norway.

- The implementation will be rolled out in phases, with the first phase for maritime and inland waterway carriers starting on December 4, 2023, and the final phase for road and rail services on April 1, 2025.

Key Data Requirements and Preparation Steps

- Businesses will need to provide detailed data elements, including HS codes, item descriptions, net weights, and information about sellers, buyers, and final destinations.

Navigating the Changes: Insights and Advice

- Annik and Lalo stress the significance of this change for import businesses and the need for ongoing education and preparation.

This episode of the Simply Trade podcast provides a comprehensive overview of the upcoming ICS2 regulations, equipping listeners with the knowledge and strategies to navigate the changing landscape of international trade. Whether you're an ocean carrier, freight forwarder, or any business involved in importing goods into the EU, this episode is a must-listen to ensure your organization is prepared for the new requirements and stays ahead of the competition.

Connect with Simply Trade Podcast:

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- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Contact [email protected]

Credits:

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

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By Global Training Center

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