BAFA export licenses will be subject to a fee
Export permits from the Federal Office for Economic Affairs and Export Control (BAFA) will become subject to fees starting January 1, 2024. Various services, including export permits for dual-use goods, will now incur approval fees ranging from €159 to €315. Certain services, such as “null decisions,” will remain exempt from fees.
Import of iron and steel products
As of September 30, 2023, the import of iron and steel products into the EU has been significantly regulated. Importers must now prove that the precursor goods used do not originate from Russia. This means that anyone importing products such as screws or finished goods containing screws or aluminum bars must provide secure evidence of the country of origin for all processed materials made of steel and iron through their suppliers. This imposes a considerable burden on businesses, exacerbated by the fact that many companies also require this proof when sourcing goods within the EU from their upstream suppliers.
Update on Supply Chain Act
Starting January 1, 2024, companies with more than 1,000 employees will be subject to the Supply Chain Due Diligence Act (LkSG). Additionally, the European Supply Chain Law will come into effect in 2024. In comparison to the German LkSG, lower threshold values of 500 or 250 employees apply under EU law, which are likely to be enforced from 2026.
Stay Up to Date: Depending on your industry or product category, there are numerous other changes and updates. We are happy to provide you with personalized advice.