European Commission, Member States Meet to Talk Sanctions Enforcement
The European Commission and member states' competent authorities met last week to discuss sanctions enforcement and best practices to organize monitoring and implementation of sanctions at the national level. Per a statement from Commissioner Mairead McGuinness, the commission and member states talked about best ways to share pertinent information to ensure the commission "can offer proactive support." The involved parties "agreed to set up mechanisms to exchange information more swiftly."
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
Following the meeting, the commission plans to establish a structured and comprehensive best practices exchange among member states with an emphasis on improved internal coordination. It also plans to set up a mechanism for member states to contact each other and exchange information in real time on derogations and authorizations with a "cross-border dimension," maintain a workstream on circumvention with an experts conference, and conduct bilateral follow-ups with all 27 national authorities.