Raymond Yang

Gross national product is one metric for measuring a nation’s economic output. Gross national product is the value of all products and services produced by the citizens of a country both domestically, and internationally minus income earned by foreign residents. For instance, if a country had production facilities in a neighboring country and its home country, gross national product would account for both of these production outputs.

GDP requirements are very similar to the requirements stated in the GMP for manufacturers in relation to storage of medicinal products. Manufacturers must comply with the product storage requirements as stated in the GMP. Iin addition, if they are responsible for the distribution of their products, they also need to follow the GDP requirements; these include storage and transportation of their products in line with the product label, ensuring its safety and security throughout the supply chain.

Yes.

Many companies have complex agreements with their counterparties and service providers, which will be time-consuming to redraft.

Therefore parties are free to continue to refer to Incoterms 2010, Incoterms 2000 (or any other revision!) – provided that this is specified unambiguously in their agreements.

The main types of products that face import restrictions are:

agricultural products,
medicinal products,
chemicals,
iron and steel products,
cultural assets,
textile products and clothing,
weapons,
counterfeit or pirated goods,
indecent articles/publications/video recordings,
endangered species,
waste,
some live animals and products containing animal substances,
plants and product containing vegetable substances.

There should not be any VAT charged by the supplier when the goods are delivered directly from the supplier in an EU country to your final customer in another EU country. This is called ‘The triangulation simplification’.