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

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
  180 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
  47 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
  111 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
  192 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
  208 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
  107 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
  423 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
  99 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:
  180 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
  193 Hits
GTC Repost

Remedy These 5 Bad Practices For Managing Global Freight

GLOBAL FREIGHT
By Phil Marlowe As supply chain professionals, we live in a world of unprecedented connectivity where partners collaborate seamlessly, in real time, to make faster, better decisions on production, inventory and shipping. And then there is global freight management. Here, clerks manually enter shipment data and that data gets shared – as emails, spreadsheets and shipping documents – among factories, freight forwarders and carriers. It’s an appallingly inefficient and manual process that can result in...
Continue reading
  489 Hits
GTC Repost

As NAFTA Talks Continue, Your Hamburger Hangs In The Balance

NAFTA HAMBURGER
The Washington Post | By  Caitlin Dewey   Few meals are more American than a burger and fries, the combo McDonald’s made globally famous. But few Americans probably realize how much the affordability of that classic meal depends on a free-trade agreement. French fries from Canada. Tomatoes from Mexico. Beef sourced from a supply chain that crosses all three countries. When it comes to dinner, there's plenty at stake in the North American Free Trade Agreement,...
Continue reading
  414 Hits
GTC Repost

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...
Continue reading
  345 Hits
GTC Repost

Incoterms 2010: How To Use Them In A Contract

CONTRACT INCOTERMS
By Simon Minett Common errors made by importers and/or exporters in the use of Incoterms in contracts  Despite the fact that Incoterms were developed to simplify international transactions and to make their application in international trade more precise, there are still a number of reasons why they often fail to achieve their intended purpose. In most cases, it is due to lack of knowledge of the terms as well as inaccuracy and even too little...
Continue reading
  858 Hits
GTC Repost

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...
Continue reading
  549 Hits
GTC Repost

US Company Settles Whistleblower Lawsuit, Pays for Importer’s Customs Fraud

uslawsuit
Prosecution a Warning to US Companies That Source Goods From Abroad Written by Mark Strauss Federal prosecutors in New York recently  announced the settlement  of a remarkable lawsuit relating to a scheme to evade import duties. The case involved an importer’s undervaluation of apparel to pay less duties than were really owed. The settlement that prosecutors reached, however, was not with the importer, but its customer. Notations, Inc., a Pennsylvania womenswear wholesaler, agreed to pay...
Continue reading
  307 Hits
GTC Repost

Ten Supply-Chain Predictions for 2018

N1801-A2W
By Global Trade A new report from the market research firm  IDC , “IDC FutureScape: Worldwide Supply Chain 2018 Predictions,”  posits that  digital transformation  (DX) is the key overriding theme in IDC’s worldwide supply chain top 10 predictions for 2018, including the impact for supply chain planning, supply chain execution/fulfillment, and procurement and supply chain security. While the predictions largely focus on the near term to midterm (2017–2020), the impact of many of these predictions...
Continue reading
  443 Hits
GTC Repost

Your Transportation Management System Can Help Manage the Amazon Effect

N1801-A4W
By 3Gtms Lots of supply chains are dealing with the  “Amazon effect,”  which has led consumers to demand lightning-fast (and free) delivery times, last-minute order changes, and 100 percent order accuracy. While initially seen as just a retail problem, these expectations have been extended to the B2B world as well. Managing the Amazon effect requires a host of solutions, but a  transportation management system (TMS)  is often overlooked. A TMS is critical for the execution...
Continue reading
  346 Hits
GTC Repost

Managing Global Trade: A Look Beyond the Surface

N1801-A5W
In association with KMPG LLC, Thomson Reuters. During the recent years, global trade regulations went from a sleepy niche to a major driver of mainstream news.  In 2016, one major world power withdrew from a historic trade pact and another ditched the European Union.  Figures in many countries used protectionist rhetoric to obtain power.  The possibility of sanctions, “trade wars” and other deployments of soft power increasingly replaced calls for military might. Get The 2017...
Continue reading
  327 Hits
GTC Repost

2017 Holiday Planning Guide

HOLIDAY
Retail imports have been on the rise as the industry braces for the busiest time of the year. The National Retail Federation’s (NRF) latest projections call for a 3.6 to 4 percent increase in holiday sales for 2017 over the same period in 2016. That makes for a total of $678.75 billion to $682 billion, up from $655.8 billion last year. Most estimates see e-commerce shopping increasing by as much as 20 percent this year....
Continue reading
  391 Hits