Amounting to more than 21 billion Euros, customs duties represent 13% of the total income of the European Union. A fact that delights the EU, however, for the international economy it constitutes one of the major cost factors which in the end are mainly born by the consumers within the EU. An optimization correctly carried out within legal possibilities offers a significant cost decrease potential for international companies which unfortunately most firms neglect. This is the conclusion of the Diplomatic Council (DC) Global Logistics Forum which has published a new White Paper on "Customs compliance within international trade".
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