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16.07.2024

EURATEX welcomes the EU Customs Reform package

The European Textile and Clothing industry (EURATEX) welcomes the proposed reforms to the EU's customs system, emphasizing the need for a modernized framework that addresses the challenges of the digital age and fosters a level playing field.

“Customs play a critical role in safeguarding fair competition within the EU Single Market and ensuring that products meet our environmental and safety standards,” states Dirk Vantyghem, EURATEX Director General. “We recognize the need for a reformed system adapted to the 21st century, particularly considering the growth of e-commerce and the increasing complexity of regulations.”

EURATEX highlights key priorities for a successful reform:

The European Textile and Clothing industry (EURATEX) welcomes the proposed reforms to the EU's customs system, emphasizing the need for a modernized framework that addresses the challenges of the digital age and fosters a level playing field.

“Customs play a critical role in safeguarding fair competition within the EU Single Market and ensuring that products meet our environmental and safety standards,” states Dirk Vantyghem, EURATEX Director General. “We recognize the need for a reformed system adapted to the 21st century, particularly considering the growth of e-commerce and the increasing complexity of regulations.”

EURATEX highlights key priorities for a successful reform:

  • Phasing Out De Minimis Exemption: EURATEX strongly supports abolishing the €150 import duty exemption for small consignments. This exemption has been exploited by e-commerce companies, creating unfair competition for European manufacturers. EURATEX urges immediate action to eliminate this loophole, rather than waiting until 2028.
  • Harmonization and Streamlining: The organization calls for a unified customs regime across the EU, with simplified procedures and reduced administrative burdens for businesses, especially SMEs. This includes avoiding duplication of efforts and ensuring seamless interoperability between different customs information systems.
  • Data Security and Transparency: EURATEX emphasizes the importance of robust data security measures within the proposed EU Data Hub. Clear regulations on data access, ownership, and cybersecurity safeguards are essential. Open collaboration between industry and policymakers is crucial in designing the Data Hub for optimal functionality.
  • Effective Implementation of Trust & Check Trader (T&CT): The T&CT status offers potential benefits for companies through features like self-assessment. However, EURATEX raises concerns about practical implementation, particularly for SMEs struggling to obtain existing Authorized Economic Operator (AEO) statuses. Providing support for SMEs in obtaining this status is crucial.
  • Interoperability and Data Sharing: EURATEX emphasizes the importance of the EU Data Hub's interoperability with various IT systems. Also, a uniform central IT network facilitating national and other legal requirements would be a significant step forward.
  • Structured Dialogue with Stakeholders: The establishment of the EU Customs Authority (EUCA) is seen as a positive development for coordinating customs enforcement across the EU. EURATEX recommends a dedicated dialogue between the EUCA and stakeholders, including industry representatives, to improve overall coordination and effectiveness.
More information:
customs European Union Euratex
Source:

Euratex

02.07.2018

Cybersecurity company Nixu lists on Nasdaq Helsinki stock exchange for growth funding

As society becomes increasingly digital while cyber threats are multiplying, trust is immensely precious to everyone, not only to consumers but also to companies and organizations whose business relies on digitalization. This highlights the importance of a versatile and trusted partner that focuses on cybersecurity.

Reflecting Nixu’s purpose, “we keep the digital society running", Nixu growth strategy focuses particularly on cybersecurity services for digital business transformation. Developing and delivering comprehensive cybersecurity services that enable clients to utilize, in a safe manner, the opportunities provided by the Industrial Internet of Things and Digital Identities is a key priority for Nixu.
Today, Nixu reached an important milestone and transferred to the Official List of Nasdaq Helsinki stock exchange and continues on its journey to become the number one choice as a cybersecurity partner for digitalization and the best workplace for cybersecurity professionals.

As society becomes increasingly digital while cyber threats are multiplying, trust is immensely precious to everyone, not only to consumers but also to companies and organizations whose business relies on digitalization. This highlights the importance of a versatile and trusted partner that focuses on cybersecurity.

Reflecting Nixu’s purpose, “we keep the digital society running", Nixu growth strategy focuses particularly on cybersecurity services for digital business transformation. Developing and delivering comprehensive cybersecurity services that enable clients to utilize, in a safe manner, the opportunities provided by the Industrial Internet of Things and Digital Identities is a key priority for Nixu.
Today, Nixu reached an important milestone and transferred to the Official List of Nasdaq Helsinki stock exchange and continues on its journey to become the number one choice as a cybersecurity partner for digitalization and the best workplace for cybersecurity professionals.

“When we first got listed on Nasdaq First North in 2014 we were quite small Finnish consultancy, in less than four years we have succeeded in transforming to an international cybersecurity services company and multiplied our size”, said Petri Kairinen, CEO of Nixu. “This is still only the beginning, as the demand for cybersecurity services raises exponentially. The listing on the Official List will enable us to reach further international growth funding which will help us uphold the fast growth speed. Of course, our global enterprise clients will also appreciate the transparency and quality associated with being a listed company.“

More information:
Nixu cybersecurity Nasdaq Helsinki
Source:

Nixu

01.06.2018

Nixu wins € 3,9 M agreement for cybersecurity partnership in Industrial IoT monitoring

European cybersecurity company Nixu announced that it has signed a contract for cybersecurity cooperation with its long-term, globally operating industrial client. The ongoing contract now signed between the parties has an estimated total value of 3,9 million euros during three years.

The contract includes a large selection of Nixu’s holistic cybersecurity services. A new area in the contract is the development of continuous cybersecurity monitoring of Industrial IoT environment. The monitoring also covers the client’s traditional IT systems.

Petri Kairinen, CEO of Nixu: “I am pleased that our cooperation continues to grow; it is our strategic goal to provide reliable and comprehensive cybersecurity partnership to our customers. The services we deliver also relate to one of our main focus areas, industrial IoT. The significance of industrial IoT will only grow with the further digitalization of society and business. Nixu is excited to be involved in building cybersecurity for the Internet of Things together with our clients and enabling new business opportunities in the future."

European cybersecurity company Nixu announced that it has signed a contract for cybersecurity cooperation with its long-term, globally operating industrial client. The ongoing contract now signed between the parties has an estimated total value of 3,9 million euros during three years.

The contract includes a large selection of Nixu’s holistic cybersecurity services. A new area in the contract is the development of continuous cybersecurity monitoring of Industrial IoT environment. The monitoring also covers the client’s traditional IT systems.

Petri Kairinen, CEO of Nixu: “I am pleased that our cooperation continues to grow; it is our strategic goal to provide reliable and comprehensive cybersecurity partnership to our customers. The services we deliver also relate to one of our main focus areas, industrial IoT. The significance of industrial IoT will only grow with the further digitalization of society and business. Nixu is excited to be involved in building cybersecurity for the Internet of Things together with our clients and enabling new business opportunities in the future."

Source:

Nixu Corporation