Europe Passes New Regulation on IVA System
The European Commission approved a regulation to amend the IVA system, which governs importation of vehicles imported into the European Union from the United States, Canada, Mexico and other countries (originally built to non-EU specifications). The regulation was adopted on February 22, 2011 and will enter into force on February 26, 2012. The regulation will be binding on imports into all EU member states.
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