The USMCA: Something New or #JustAnotherNAFTA
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The USMCA: Something New or #JustAnotherNAFTA

ByGTCrepost

The North American Free Trade Agreement (NAFTA) finally got a major overhaul, something campaigned on by President Trump and negotiated in Congress for the past three years. There are a number of significant changes about which American businesses need to be aware. Below we’ll discuss 5 key differences between USMCA and NAFTA.[/vc_column_text][vc_column_text]When NAFTA came into force on January 1, 1994, it was seen as a way to foster economic growth across…

How to Become a US Customs Broker
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How to Become a US Customs Broker

ByGTCrepost

Are you looking to expand your current position in the import and export field? Maybe you are interested in starting a new career in this area. Becoming a custom broker can be very rewarding, challenging and will require constant learning. Becoming a licensed customs broker can open many doors for you for employment opportunities. However,…

The Importance of Trade Compliance
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The Importance of Trade Compliance

ByGTCrepost

Trade Compliance Training  Compliance: noun /kəmˈplʌɪəns/ the action or fact of complying with a wish or command. the state or fact of according with or meeting rules or standards. “all imports are in compliance with regulations“ Synonyms:  Obedience to, accordance with, observation of, adherence to, “the company’s compliance with international law” It sounds simple enough,…

NAFTA, Explained With a Toy Car
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NAFTA, Explained With a Toy Car

ByGTCrepost

NAFTA made your car cheaper, USMCA could change that.When the North American Free Trade Agreement began in 1994, auto companies in the US, Canada and Mexico could trade parts and cars without paying tariffs. And they could source parts and labor from the cheapest places. That is a big reason why US car prices have only risen seven percent in 25 years. But the proposed US Mexico Canada Agreement — or USMCA for short — could change that; President Trump’s new deal would increase the regulations that car manufacturers need to meet in order to sell tariff-free cars. We built a Ford Mustang to explain.

Business Can Strengthen the U.S.-Mexico Relationship
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Business Can Strengthen the U.S.-Mexico Relationship

ByGTCrepost

For all the talk of tension regarding U.S. Mexico relations, we remain close friends and neighbors with mutual interests, common challenges, and interdependent economies. For more than a century, U.S. and Mexican companies have worked together to drive investment, create jobs, and promote prosperity on both sides of the border. Trade with our neighbor to…

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All About That Base(line): How to Interpret the International Trade Commission Report on USMCA

ByGTCrepost

On or around April 18, the U.S. International Trade Commission (ITC) is expected to release a report assessing the expected effects on the U.S. economy of the United States-Mexico-Canada Agreement (USMCA). Interpreting the report is going to be… complicated. This report is required under the Bipartisan Trade Priorities and Accountability Act of 2015 (known as…

Importing Flowers, Chocolates And Jewelry Into The U.S.
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Importing Flowers, Chocolates And Jewelry Into The U.S.

ByGTCrepost

Just like the mysterious influx of pumpkin shipments in October, at the start of every February, there is a monumental increase in the purchase of flowers, chocolates, and jewelry in the U.S. If you love the thriving beauty, health, and vigor of delicate flowers, the delicious gooey center of a s’more by a campfire, or…

Ocean Carrier Trends: Containing capacity while remaining poised for growth
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Ocean Carrier Trends: Containing capacity while remaining poised for growth

ByGTCrepost

Coinciding with the upswing in the world economy two years ago, global seaborne trade is doing well, note analysts for the Geneva-based United Nations Conference on Trade and Development (UNCTAD). They also observe that containerized shipping expanded by 4% in 2018—the fastest growth in five years. “Global maritime commerce gathered momentum two years ago and raised…

Report: Amazon Ramps Up Ocean Shipping Services
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Report: Amazon Ramps Up Ocean Shipping Services

ByGTCrepost

Dive Brief: Amazon is reportedly ramping up its ocean freight services “quietly and below the radar,” as it aims to gain more control of its supply chain, USA Today reported. Since the beginning of last year, Amazon organized the shipment of more than 5,300 containers from China to the U.S. Amazon did not respond to Supply…