Import Export Customs Compliance and Trade News

Trade and customs compliance and regulation news that affect import, export, transportation, logistics, and supply-chain industry and how you do business.
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Why Trade Is Evolving, Not Going Away

Trade Evolving
By Francisco Aristeguieta Anyone focused exclusively on the bold headlines and market moves of 2018 can be forgiven for concluding that trade is doing more than just rattling markets. To some, these moves signal the demise of an economic framework based on trade and globalization, which has underpinned economic growth and progress for decades. Overseeing the Asia Pacific region, and responsible for our fast-growing franchise in some of the world’s most dynamic markets, I am...
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Chaos is Good for 3PL Providers

3PLs
By Chris Dupin It’s a good time for 3PLs when capacity is tight and supply chains are speeding up. That’s 10 percent of global logistics costs, according to consultants Armstrong & Associates, and a leap from the $802 billion recorded in 2016.    Armstrong & Associates said in 2017, gross 3PL revenues in the United States increased 10.5 percent year-over-year to reach $184.3 billion and are expected to be close to $200 billion this year....
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China Rolls Out Measures to Ease Import and Export Restrictions

China
By Weida Li China rolled out measures to further its opening-up policy and boost trade at a Li Keqiang-chaired executive meeting of the State Council in Beijing on Tuesday. In order to maintain steady growth in both the import and export sectors, China will advance trade facilitation by shortening its customs clearance times, reducing the costs involved and minimising the documents required. In addition, companies will be able to get customs clearance documents processed online...
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How Trump Split Mexico and Canada in NAFTA Talks

NAFTA
MEXICO CITY (Reuters) - A day after winning the Mexican presidential election, Andres Manuel Lopez Obrador took a congratulatory call from U.S. President Donald Trump. But Trump had something more important on his mind: Would Mexico’s new president consider a bilateral trade deal? Lopez Obrador responded he would be “open to the possibility” in the absence of a trilateral agreement that also included Canada, said Hector Vasconcelos, a foreign policy advisor to Lopez Obrador’s campaign...
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U.S. Import Prices Post Largest Drop in More Than One and A Half Years

Prices
WASHINGTON (Reuters) - U.S. import prices recorded their biggest drop in more than 1-1/2 years in August amid declines in the cost of fuels and a range of other goods, suggesting a strong dollar was curbing imported inflation pressures. The Labor Department said on Friday import prices fell 0.6 percent last month. That was the largest decline since January 2016 and followed a downwardly revised 0.1 percent dip in July. Import prices were previously reported...
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