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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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...
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Steve Lowery

When Pigs and Tariffs Fly

Tariff Pork Exports
China’s announcement that it would be imposing a 25 percent additional tariff on exported American pork could not have come at a worse time for the  American pork industry , coming as it does after the industry had just hit record levels in 2017, when U.S. pork exports recorded the largest year ever in volume, with sales to more than 100 countries around the world. United States pork  and pork variety meat exports totaled 5.399...
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U.S. Imports Of Fresh-cut Flowers

IMPORT FLOWERS
U.S. imports of Fresh-cut flowers increased 5 percent from $1.05 billion to $1.1 billion through the first 11 months of 2017 when compared to the same period the previous year, according to WorldCity analysis of the latest U.S. Census Bureau data. The category ranked 279 through November among the roughly 1,265 import commodity groupings as classified by Census. It ranked No. 271 for the last full year with a total value of $1.13 billion, a...
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Chocolate Exporters by Country

CHOCOLATE EXPORT
Global sales from chocolate exports by country amounted to US$26.4 billion in 2016. Overall, the value of chocolate exports were up by an average 10.6% for all exporting countries since 2012 when chocolate shipments were valued at $23.9 billion. Year over year, the value of exported chocolate increased by 2.8% from 2012 to 2016. Among continents, European countries accounted for the highest dollar in chocolate exports during 2016 with shipments amounting to $19.3 billion or...
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KPMG

NAFTA Insights

Wnorthamerica
Since the last NAFTA Insights, there have been comments via social media about the potential for US withdrawal from the Agreement and scrutiny of dispute resolution mechanisms, labor standards and local content rules. With Eurasia Group providing the latest developments from Round 2 of the NAFTA renegotiations, this edition considers whether the US President can withdraw from NAFTA – and the ‘all bets are off’ scenario that you should build into your business planning. On...
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Lawrence M. Friedman

GSP and Sets

Wgsp
Here's a question. Assume pots and pans from Thailand individually qualify for duty-free entry into the United States under the Generalized System of Preferences ("GSP"). That means they have 35% of their value derived from Thai-origin materials or costs and are shipped directly from Thailand to the U.S. So far, so good. Now assume that glass lids for the pots and pans are added to the imported goods and those lids are from China, which...
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