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.
Marisela Molina

5 Requirements for Importing Goods into Mexico

Import
In order to be successful, companies that manufacture within the borders of Latin America’s second-largest economy must be knowledgeable regarding the requirements for importing goods into Mexico. Although much has been done in recent years to simplify the process, those that are importing goods into Mexico must know the applicable rule in order to avoid complications that may include delays and fines. Those that are importing goods into Mexico must remember that: 1. A Mexican...
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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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Laurel Delaney

How a Letter of Credit Can Boost Profitability

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MasterCardBiz with Laurel Delaney One of the most important things to negotiate before closing on an export sale is how payment will be made. Short of asking for payment in advance, securing payment with a letter of credit is the next best option. Sure it’s a little more expensive–typically 1/8 of 1 percent of the total transaction price plus incidental fees related to any amendments that might have to be made–but it’s worth it to...
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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...
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Jennifer Saak

Export Controls: 5 Ways to Monitor Changing U.S. Regulations in the Coming Year

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Now is the time to think strategically about the new year.  How will you stay on top of dynamic export controls regulations and remain compliant?  As the Export Control Reform (ECR) Initiative continues, there are still some crucial pending changes that affect both companies and universities in research and technology.  These future updates include a clarification on the ITAR’s definition of “fundamental research” and the transition of certain items from the ITAR’s United States Munitions...
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GTC Repost

Ten Supply-Chain Predictions for 2018

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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...
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Lisa M. Richman

Update on the NAFTA Renegotiations: What You Need to Know

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The cancellation of US involvement in the TPP, and its potential withdrawal from NAFTA have sparked considerable anxiety over the loss of protections and opportunities both investment treaties afford. But there are alternatives. The Trump Administration has proposed substantial changes to the terms of the North American Free Trade Agreement (NAFTA), a multilateral trade and investment agreement between the United States, Canada and Mexico. During five rounds of negotiations, the representatives of the parties to...
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GTC Repost

Managing Global Trade: A Look Beyond the Surface

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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...
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George W. Thompson

Census Bureau Seeks Comments on Routed Transaction Rules

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There’s almost no getting around filing an Electronic Export Information for exports from the United States. Sure, there are a few exclusions, and most shipments to Canada get a pass, but an EEI is required for the vast majority of transactions. Whenever an EEI is filed, it must state whether the export is “routed” or not. The concept of a routed transaction was entirely made up by Census, and from what I can tell is...
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