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.

12 consideraciones para cuando se declara producto bajo TLCAN

12 consideraciones para cuando se declara producto bajo TLCAN
(Because we are a global community, we have had requests for articles in Spanish as well. We took our extremely popular NAFTA tips article and translated in Spanish for this month’s blog. Hope you enjoy and as always, we welcome your comments and input.)Esta nota la publiqué en inglés hace un par de años. Recientemente, en parte por la publicidad de la nueva administración en Estados Unidos, nuestros clientes han solicitado información sobre el TLCAN en español. Esta información es muy práctica y sigue en vigor y relevancia, tal como cuando fue publicada en aquel tiempo.  Consejos prácticos de las ‘Primeras Fuerzas” del TLCAN A pesar de que su empresa ha estado declarando TLCAN durante años, siempre es bueno revisar las pólizas y procedimientos actuales que tienden a ser diluidos con los cambios de personal y administración. Según John Goodrich, instructor de nuestros cursos y autor del libro “NAFTA: A Practical Guide to...
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Chinese Manufacturing Companies Moving to the US

Chinese Manufacturing Companies Moving to the US
China gets a bad rap for taking US jobs, but a recent trend is seeing Chinese manufacturing companies moving to the US in search of lower production costs and higher profits. While Made in China seems to be the byword for manufactured goods in the US, many Chinese manufacturers who sell to US markets are actually hoping to replace that with Made in America. Recent Chinese Manufacturing Companies Making the Switch For a few years now, announcements have been springing up every few months from Chinese manufacturing companies opening factories in the US. And the trend seems to have accelerated recently with over $20 billion USD being invested stateside by Chinese manufacturing companies. Several large manufacturers have invested in US facilities over the past year, and some have been quite vocal about their reasoning on the decision. Fuyao Glass A leading glass manufacturer, Fuyao Glass, has invested over $1 billion USD in...
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Positioning a business for global success

Positioning a business for global success
What are the odds of hitting nirvana with your business when it comes to taking it global? In “17 tips to grow a global business,” I talked about what you need to do to grow your business beyond borders. Here, I offer you a slightly different twist — a variety of ways, a checklist if you will, for positioning your business for global success.Click here to read full article.
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USTR Signals Administration's NAFTA Intent

USTR Signals Administration's NAFTA Intent
Last week, the Acting U.S. Trade Representative circulated a draft letter through Congress outlining the administration’s intentions towards modernizing the NAFTA.  The internet has been abuzz with details about the letter.  For those that wish to read it,  it was posted here. Unlike the past year’s campaign rhetoric, the letter shows a willingness to update the NAFTA and not to terminate it. Some of the provisions regarding labor, environment, intellectual property rights and e-commerce sound very much like provisions already agreed upon under the TPP to which Canada, Mexico can the U.S. were all a part.  These would be welcome additions.   The letter contains statements about reducing the trade deficits.  This may be a challenge as the method of measuring trade between the three countries is far from an exact science.  For example, every dollar of goods imported from Mexico includes $.40 of U.S. content.    Another open question is...
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LOL

LOL
In the world of Internet Slang, the abbreviation “LOL” means “Laughing Out Loud”.  But, in the highly complex and regulated world of global trade compliance, it has a completely different meaning – Letter of the Law!  This is essentially how U.S. Customs and Border Protection (CBP) interprets the intricate world of global trade.  While it’s sometimes confusing and laced with “legalese”; its all right there in black and white; the Tariff Act of 1930 (as amended), and the Customs Regulations of the United States.  Companies engaged in foreign commerce need one or more individuals on their staff who can successfully interpret those regulations and laws and apply them to the company’s business model.  Without such expertise on staff a company must solely rely on its customs broker which is a very dangerous recipe for non-compliance.  Why?  Because first and foremost, without a trade compliance manager or department, the company has little or no oversight of their import...
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