EU customs to use FloraHolland reference prices for the determination of customs value of Kenyan flower imports

The EU Customs have agreed to use FloraHolland reference prices for the determination of customs value of Kenyan flower imports. This will make it easier for growers and freight forwarders to declare the value of shipments upon entry into the EU. Growers and freight forwards may use the FH reference price to do a definitive declaration at the moment of customs clearance. According to FloraHolland, Customs has indicated that the suggested method will be used as a Pilot measure, valid until 31 December 2014, after which an evaluation will take place.

This comes after the successful completion of the East African Community and European Union Economic Partnership Agreement (EAC – EU EPA) Negotiations. Both Parties initialed the text of the EPA paving way to the process reinstating Kenya on the duty-free status for all its exports to the EU market under the EU Market Access Regulation (MAR), a process that could take 3 to 6 Months pending final signature and ratification.

Click here to read the complete article at www.kenyaflowercouncil.org.