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.
GTC Repost

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...
Continue reading
Tags:
  205 Hits
GTC Repost

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....
Continue reading
  181 Hits
GTC Repost

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...
Continue reading
  225 Hits
GTC Repost

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...
Continue reading
  223 Hits
GTC Repost

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...
Continue reading
  180 Hits
GTC Repost

Why We Should Train Workers Like We Train Machine Learning Algorithms

G18N-Sep-Learn-W
By Makada Henry-Nickie The evolution of workforce opportunity in the United States depends on the future of education and our commitment to far-reaching, equitable federal reform. Unfortunately, policy conversations at the federal and state levels about transforming education systems to meet future workforce demands have focused disproportionately on a skills agenda, largely ignoring behavioral competencies that often complement and enhance the value of technical skills. This misguided approach equates 21st-century workforce development with skills acquisition, which...
Continue reading
  50 Hits
GTC Repost

U.S., Mexico reach NAFTA deal, turn up pressure on Canada

U.S., Mexico reach NAFTA deal, turn up pressure on Canada
  WASHINGTON (Reuters) - The United States and Mexico agreed on Monday to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to new terms on auto trade and dispute settlement rules to remain part of the three-nation pact.  Auto stocks soared and the S&P 500 and the Nasdaq rallied to record highs on the expectation that Canada would sign onto the deal and ease the economic uncertainty caused by...
Continue reading
  320 Hits
GTC Repost

USTR Finalizes Second Tranche of Tariffs on Chinese Products in Response to China’s Unfair Trade Practices

USTR Finalizes Second Tranche of Tariffs on Chinese Products in Response to China’s Unfair Trade Practices
Washington, DC (USTR.GOV) – The Office of the United States Trade Representative (USTR) released a list of approximately $16 billion worth of imports from China that will be subject to a 25 percent additional tariff as part of the U.S. response to China’s unfair trade practices related to the forced transfer of American technology and intellectual property.  This second tranche of additional tariffs under Section 301 follows the first tranche of tariffs on approximately $34...
Continue reading
  195 Hits
GTC Repost

Automated Compliance: Allied's Stock-in-Trade

G18N-Aug-AUTOCOMP-W
Written by By Jennifer Baljko | INBOUND LOGISTICS  Automating global trade compliance helps electronics component distributor Allied Electronics & Automation nail its screen test. Companies in the import/export business dread the day when a customs official knocks on the door and questions their shipping policies. That day came for distributor Allied Electronics & Automation a few years ago. Allied stocks about 150,000 electronics, automation, and electromechanical products at its Fort Worth, Texas, distribution center. Its core portfolio...
Continue reading
  210 Hits
GTC Repost

CBP to Audit Safeguard AD/CVD Goods

CBP to Audit Safeguard AD/CVD Goods
By Brian Bradley| Adam Smith Project Imports subject to both a safeguard tariff and an antidumping or countervailing duty order will be a focus for regulatory auditors.  U.S. Customs and Border Protection soon will deploy informed compliance measures to guide the trade community in complying with recently imposed safeguard tariffs.    Thomas Jesukiewicz, field director of the CBP’s Long Beach, Calif., office, made the announcement during the agency’s 2018 Trade Symposium in Atlanta last Wednesday. He...
Continue reading
  230 Hits
GTC Repost

How China’s Economic Aggression Threatens the Technologies & Intellectual Property of the US & the World

US-WhiteHouse-Resize-Blog
White House Office of Trade and Manufacturing Policy June 2018 [Download Report]
Continue reading
  267 Hits
GTC Repost

Site Selection/Ports Update: Rising Economic Tide Boosts North American Ports

ports
By Derik Andreoli, Director of Economic Analysis and Forecasting, Mercator International The logistics landscape is ever-evolving as shippers adopt new supply chain strategies and adapt to diverse and variable market pressures.  Ports , too, are adapting to succeed in today’s changing market and rise to the challenges associated with the rapid upsizing of container ships (see sidebar). And in this global and expanding e-commerce world, the choice of where shippers locate  distribution center (DC)  operations...
Continue reading
  114 Hits
GTC Repost

Contracts with Foreign Companies May Require a Rewrite

Contracts
Hwan Kim | Neil A.F. Popović | Sheppard Mullin Law Firm A recent California case may force companies doing business with foreign entities to reconsider—and maybe rewrite—their contracts. In  Rockefeller Tech. Invs. (Asia) VII v. Changzhou Sinotype Tech. Co. , No. B272170, 2018 WL 2455092 (Cal. App. June 1, 2018), the California Court of Appeal held that parties may not contract around the formal service requirements of the Convention on the Service Abroad of Judicial...
Continue reading
  181 Hits
GTC Repost

World Cup Better Than Expected for Logistics

World Cup
Automotive Logistics | Vladislav Vorotnikov The FIFA World Cup 2018 has caused a temporary shortage of transport capacities in certain regions of Russia, with a local rise in tariffs and some delays at customs, according to Irina Novikova, the inland transport department director of Gefco. However, fears of Russia ceasing to import automotive components including spare parts from May 25 to July 25, due to severe security measures, have proved unfounded. Novikova said that restrictions...
Continue reading
  258 Hits
GTC Repost

Global State of Supply Chain Security: Evolving Threats

Global Supply Chain
  This is Part One of a three-part interview | Kristina Tanasichuk World Customs Organization Director of Compliance and Facilitation Ana Hinojosa brought 28 years of customs experience to the global body when elected to her post in 2015. The former U.S. Customs and Border Protection deputy assistant commissioner-international affairs also served as director of field operations for the El Paso Field Office from 2008 to 2013 and as area port director for Los Angeles International...
Continue reading
  300 Hits
GTC Repost

Why is Trade Compliance operating like its 1999?

AAEI
Reflections on AAEI 2018 – Why is Trade Compliance operating like its 1999? As always AAEI puts together an agenda that is meaningful for the trade compliance community.  The sessions are highly informative and relevant to the current trade environment and provide really good insights into what CBP, Commerce, and the PGAs are working on. However, my biggest take away from AAEI was not the information from the sessions.  The overriding impression that I was...
Continue reading
  173 Hits
GTC Repost

New China Customs Advance Manifest Rules Effective June 1, 2018

NewChinaRules
Effective June 1, 2018, additional manifest-related data must be provided to the Chinese General Administration of Customs China (GACC) for inbound and outbound shipments to China for all modes of transportation. Chinese Customs will require more detailed information including: Shipper’s business registration code and phone number Consignee’s business registration code and phone number, and contact name and phone number For “To order” shipments, notify party’s business registration code and phone number The type of required...
Continue reading
  842 Hits
GTC Repost

What Is LCL Shipping?

LCL FCL
By Rieva Lesonsky Importing products from China is a great way for a small business to diversify their product offerings, stay on top of trends and reduce costs. However, in order to maintain your profit margins, it’s important to understand and manage your shipping costs. Today’s shipping lesson: What is LCL shipping, and how can it benefit your business? LCL shipping vs. FCL shipping When goods are shipped by ocean freight, you have the choice...
Continue reading
  177 Hits
GTC Repost

Cuba-U.S. Relations: The Rapprochement Slows Down

Cuba
Written by Alejandro E. Moreno | Sheppard, Mullin, Richter & Hampton LLP Soon after Fidel Castro overthrew the government of Cuba to found a communist state in 1959, Cuba began nationalizing U.S-owned properties in Cuba. In response, the U.S. implemented trade restrictions, closed its embassy in Havana, broke official diplomatic relations with Cuba, and attempted to overthrow the Cuban government. The U.S. also declared a trade embargo on Cuba in 1960, which severely hampered the...
Continue reading
Tags:
  235 Hits
GTC Repost

Ecommerce Logistics Costs Set to Rise

Logistics
Ecommerce logistics  costs as a proportion of sales look set to rise in the coming years, driven by an increase in the volume of returns, a higher proportion of premium deliveries, and the cost of labor, according to the findings of an ecommerce logistics survey released by Transport Intelligence. 108 retailers and logistics companies around the world took part in the survey which was conducted over the holiday period in 2017-18. Despite the cost increases...
Continue reading
  283 Hits