Celebrating the Customs Union: the world’s largest trading bloc turns 50

Moscovici 2018

Pierre Moscovici, Member of the EC in charge of Economic and Financial Affairs, Taxation and Customs. © European Union , 2014 / Source: EC – Audiovisual Service / Photo: Tiziana Fabi.

This article is brought to you in association with the European Commission. The EU’s Customs Union celebrates its 50th anniversary on July 1, one of the greatest achievements of the European Union.
Borne out of the landmark post-war agreements that paved the way for European integration, the Customs Union opened for business in 1968. By abolishing customs tariffs for trade in goods within what is now the EU, the Customs Union marked the first decisive step towards the EU becoming the world’s largest trading bloc, with the 28 customs administrations of the EU acting as though they were one entity. Over the past 50 years, the Customs Union has developed into a cornerstone of our Single Market, keeping EU borders safe and protecting our citizens from prohibited and dangerous goods such as weapons and drugs. It also facilitates an ever-growing portion of global trade: EU customs handled 16% of the world’s commerce in 2017. On 1 July 2018, exactly 50 years after the Customs Union was established, the Commission is organising events at airports and schools across the EU to raise awareness of this extraordinary achievement. Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: “The Customs Union is a tremendous and unique accomplishment. It allows Europeans to reap the full benefits of the internal market, keeping trade flowing and consumers safe. I am grateful to the many thousands of people who have and continue to contribute to this European achievement over the past 50 years.” How does the Customs Union work? The EU’s Customs Union was first provided for in the Treaty of Rome and in 1968 it abolished the customs duties levied at the borders between members of the European Community. Today, it is a single trading area where all goods can circulate freely, whether produced in the EU or outside its borders. Duty on goods from outside the EU is generally paid when they first enter the EU. In this way, customs ensure that those duties are paid and the financial interests of the Union and its Member States are protected. Customs also prevent products from entering the Union that pose a risk to the safety or health of EU citizens; they stop goods that have been trafficked and smuggled or present a danger to the environment and European cultural heritage, or goods which undermine the financial interests of the EU and its Member States. To ensure the smooth functioning of the single customs area, EU Member States use a common set of rules, with the so-called Union Customs Code as its cornerstone. This Code, upgraded in 2013 and applied since 2016, means that EU countries rely on the same rules and procedures for handling the import, export and transit of goods. This stimulates competition and trade, improves efficiency, raises quality, and lowers prices for consumers. National customs authorities in all EU countries are primarily responsible for the extensive day-to-day operations of the Customs Union and cooperate between each other and with the Commission to make it work. At the same time, wider international cooperation is crucial to protect the interests of European citizens and European business worldwide. In this vein, the EU has signed more than 50 international agreements providing for customs cooperation and mutual administrative assistance with 80 countries outside the EU to support controls and enforcement and simplify and harmonise customs procedures, which in turn reduces the administrative burden and costs for European companies. The Commission recently proposed a continued financial commitment of €950 million for customs programmes in the next EU budget. This money should help to increase cooperation and data exchange between customs authorities as well as supporting and training customs officials in their work. A new fund of €1.3 billion has also been included in the EU budget plans to help Member States purchase, maintain and replace state-of-the-art customs equipment.

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe to get the latest posts sent to your email.

Interesting reads

© CDC An enhanced microscopic image shows the Hantavirus.

Hantavirus outbreak: Another passenger contracts disease

This article is published in association with United Nations. It’s been confirmed that another passenger from the cruise liner linked to the outbreak of hantavirus has contracted the disease, which has claimed the lives of three people on board and sparked an international alert coordinated by the UN World Health Organization (WHO). The individual, who is […]
This article is published in association with United Nations.

UN warns of worsening human rights crisis in Mali after deadly attacks

This article is published in association with United Nations. The human rights situation in Mali is rapidly deteriorating following coordinated attacks by armed groups across the country, with civilians killed, displaced and cut off from food and aid, UN rights office OHCHR said on Tuesday. The violence, which erupted on 25 and 26 April, saw large-scale […]
© UNICEF A damaged ambulance in Tebnine in southern Lebanon.

In Lebanon, the same fears and dangers persist despite ceasefire: UNHCR

This article is published in association with United Nations. Death and destruction have continued unabated in Lebanon while communities are still unable to return to their homes despite a ceasefire that began on 17 April, humanitarians said on Tuesday. “Civilians in the south of Lebanon and parts of the Bekaa [Valley] are really living with the […]
© Unsplash/Planet Volumes A computer-generated image shows the Strait of Hormuz.

Uncertainty continues over safety in the Strait of Hormuz

This article is published in association with United Nations. Amid claims and counter-claims of strikes and confrontations in the crucial Strait of Hormuz between Iran and the United States, UN maritime officials continue to urge vessels to exercise “maximum caution”. “We are aware of the reports but do not have further details. We continue to urge […]
© ADB/Ariel Javellana Women farmers in India sell wheat grain and buy fertilizer with the proceeds.

Middle East crisis puts aid, food, fuel further out of reach for millions already struggling – UN agencies

This article is published in association with United Nations. As the Middle East crisis continues the humanitarian fallout is worsening, with aid route disruptions and food and fuel price hikes wrecking the lives and the rights of the most vulnerable people worldwide, UN agencies warned on Friday. Heightened insecurity and instability around key Gulf routes, including […]
© Unsplash/Angus Gray Ship transits through the Strait of Hormuz have dropped by over 90 per cent since the crisis escalated in late February 2026.

Hormuz crisis strangling global economy, Guterres warns, demanding solutions to end stalemate

This article is published in association with United Nations. The escalating crisis in the Strait of Hormuz could push tens of millions into poverty, trigger a surge in global hunger and even tip the world towards recession, the UN Secretary-General warned on Thursday. António Guterres decried the restrictions on free passage through the crucial chokepoint which […]
This article is published in association with United Nations.

AI in advertising risks fuelling information crisis, UN warns

This article is published in association with United Nations. With spending on advertising topping $1 trillion a year worldwide, the United Nations on Wednesday highlighted the untapped power of major brands to shape the future of Artificial Intelligence, warning that a failure to act could deepen a global information integrity crisis. In a new brief titled […]
This article is published in association with United Nations.

2015 nuclear deal ‘no basis’ for any new agreement with Iran

This article is published in association with United Nations. The 2015 nuclear accord with Iran cannot be the starting point for a new agreement with the country, the head of the International Atomic Energy Agency (IAEA) said on Wednesday in New York.  Rafael Mariano Grossi was speaking during a press conference at UN Headquarters held on […]
Credit:Unsplash)

From Hormuz to Lebanon, crisis reverberates through trade routes, upending humanitarian networks

© WHO/Hanan Balkhy In Gaza displaced families are living in overcrowded tents and makeshift shelters, surrounded by waste and debris, with limited access to safe water and sanitation services. This article is published in association with United Nations. Disruptions in the Strait of Hormuz continue to send shockwaves through global food systems, the UN Food and Agriculture […]
© UNICEF/Mohamed Zakaria A displacement centre in El Fasher, North Darfur (file).

World News in Brief: Sudan drone attacks condemned, South Sudan violence, airstrikes in Ukraine, South Africa Freedom Day

This article is published in association with United Nations. The United Nations has condemned two recent drone attacks in Sudan, one of which left seven dead, Spokesperson Stéphane Dujarric said on Monday during his regular media briefing in New York. An aid truck from the UN refugee agency (UNHCR) that was carrying emergency shelter kits came under attack by […]
© IMO/Cihancan Tunay A ship makes its way across an ocean.

Chokepoints and conflict: How the Hormuz crisis is exposing global shipping vulnerabilities

This article is published in association with United Nations. The blockading of ships in the Strait of Hormuz as a result of the conflict between the United States and Iran has demonstrated how ships and seafarers have become “leverage in geopolitical disputes,” according to the head of the UN’s International Maritime Organization (IMO). Since conflict began […]
Middle East war: After oil and gas, concerns grow over minerals crunch

Middle East war: After oil and gas, concerns grow over minerals crunch

This article is published in association with United Nations. The shipping crisis in the Strait of Hormuz caused by war in the Middle East has exposed a new threat: a looming shortage of strategic minerals that drive economies all over the world – and a race by countries to obtain them. Until war erupted on 28 […]
This article is published in association with United Nations.

Ceasefire extension offers diplomatic opening, but tensions persist in Strait of Hormuz

This article is published in association with United Nations. The United States’ decision to extend a fragile ceasefire with Iran has kept a narrow window open for diplomacy, but fresh security incidents in the Strait of Hormuz on Wednesday underscore the volatility of the situation and the risks to global shipping and regional stability. The UN […]
UN News Moreira da Silva (right), Executive Director of UNOPS on a visit to the Gaza Strip.

Strait of Hormuz: With hunger looming, life-saving fertiliser shipments cannot wait, head of UN task force says

This article is published in association with United Nations. As the Persian Gulf crisis continues, time is ticking for farmers who rely on fertilizer shipped via the Strait of Hormuz – and millions worldwide who depend on their crops, particularly in vulnerable countries such as war-torn Sudan.  In normal times, one third of global fertiliser trade […]
UN News A popular market in Khan Younis, southern Gaza Strip.

Economic collapse pushes highly educated Gazans into the ‘survival economy’

This article is published in association with United Nations. Young Palestinians in Gaza with university-level educations are setting aside dreams of putting their hard-won skills into practice and doing whatever they can to survive.  Abdullah al-Khawaja, an electrical engineering graduate displaced from Rafah to Khan Younis, now stands behind a small spice stall, having lost the […]
MONUSCO/Didier Vignon Dossou-Gbakon MONUSCO peacekeepers protect civilians in Ituri, eastern DRC.

World News in Brief: AI diagnostics, humanitarian deal for DR Congo, rights abuse allegations in Belarus, Ukraine children bear heaviest burden

This article is published in association with United Nations. New data shows that nearly three in four countries in Europe now use Artificial Intelligence in their health services to make a diagnosis. According to the UN World Health Organization (WHO) joint report with the European Union, 74% of countries in the bloc use AI tools in medical […]
© WFP The conflict in the Middle East is impacting the cost of food in many parts of the world.

Time running out on development goals as finance dries up, UN warns

This article is published in association with United Nations. Rising conflicts, the climate crisis and shrinking development finance are putting growing pressure on the poorest and most vulnerable countries – pushing development goals further off track. The warning comes in the Financing for Sustainable Development Report 2026 (FSDR), a new UN report launched on Monday, which finds […]
Ukraine’s women at breaking point after four years of war as attacks on energy, healthcare continue – UN humanitarians

World News in Brief: Myanmar amnesty, rising needs in Afghanistan, another power loss at Ukraine nuclear plant

This article is published in association with United Nations. Authorities in Myanmar released the country’s ousted president from prison on Friday, along with some 4,000 other people, as part of an amnesty to mark the traditional New Year festival. President Win Myint had been in jail since February 2021 when the military overthrew Myanmar’s democratically elected […]
UN Photo/Eskinder Debebe Siobhán Mullally, Special Rapporteur on Trafficking in Persons, especially women and children, one of the UN independent human rights experts calling for more accountability for the alleged trafficking victims in the Epstein files.

The Epstein files: Rights experts demand accountability, call for probe into trafficking allegations

This article is published in association with United Nations. UN independent human rights experts called on Thursday for justice and accountability for young women and girls who were trafficked systematically as part of allegations contained in the so-called Epstein files. The Human Rights Council-appointed experts also issued a general warning over the “continuing violence of patriarchal power systems” revealed […]

Why don't you drop your comment here?

Go back up

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe now to keep reading and get access to the full archive.

Continue reading

Discover more from The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology - europeansting.com

Subscribe now to keep reading and get access to the full archive.

Continue reading

The European Sting – Critical News & Insights on European Politics, Economy, Foreign Affairs, Business & Technology – europeansting.com