With the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) taking center stage in global trade, Canada has a unique opportunity as the incoming chair to demonstrate leadership. Both China and Taiwan are seeking to join the CPTPP, and it is crucial for Canada to consider the implications of each bid carefully. This blog post…
In a significant move aimed at promoting advanced manufacturing and high-quality development, the Chinese government has announced Tariff Adjustments to import and export tariffs effective from January 1, 2024. These tariff adjustments are poised to have a significant impact on global trade dynamics. Let’s delve into the key aspects of China’s import-export tariff adjustments and…
By George W. Thompson In anticipation of the Uyghur Forced Labor Prevention Act, a number of federal agencies issued a joint Xinjiang Supply Chain Business Advisory in July 2021. An Addendum to that advisory was released in September 2023. The Addendum identifies a wide range of additional products and industries believed to use forced labour or child labor. Much…
Governments and regulators are ramping up efforts to address climate change through trade policies. In this episode of Simply Trade, sustainability expert Emily Cori breaks down the complex landscape of green trade initiatives and shares actionable strategies for importers and exporters. Understanding the Expanding Regulatory Framework Cori outlines the four pillars of the CBP’s green…
As the legal cannabis industry continues to expand at a rapid pace, navigating the intricate web of trade rules has become increasingly important for businesses to understand. In their insightful discussion, cannabis law experts Vincent Sliwoski and Adams Lee delve into the nuanced regulations surrounding one of the industry’s most perplexing areas – international trade…
As the holiday season approaches, one of the largest delivery companies, FedEx, is raising concerns about an increase in package and truck robberies. Videos circulating on social media depict thefts from trucks and carjackings, shedding light on the risks faced by delivery drivers during this busy time. In response, FedEx has issued a security warning…
The global supply chain landscape is experiencing a major transformation as logistics companies adapt to shifting dynamics. With factors like political disruptions and the COVID-19 pandemic, manufacturers are increasingly investing in supply chain resiliency. Nearshoring, reshoring, and friendshoring are emerging trends that are becoming the focus of logistics companies. In this blog post, we will…
In recent news, bipartisan lawmakers are calling on President Joe Biden to prevent a significant tariff hike on American liquor exports to Europe. This blog aims to provide an overview of the issue, shedding light on the potential consequences faced by the American whiskey industry and the urgent need for intervention. Join us as we…
The European Union is introducing seven new trade and customs regulations that will impact European supply chains in 2024. These new directives will require businesses to remain vigilant and prepared for upcoming changes in compliance requirements. With the rapidly evolving landscape of international trade, it is becoming even more necessary to have a comprehensive understanding…
The International Chamber of Commerce (ICC) has released updated principles designed to standardize sustainable trade and trade finance. International trade is responsible for almost one-third of carbon emissions, making the need to incorporate sustainable practices into global supply chains more important than ever before. Despite the importance of sustainable trade and finance, a consensus definition…
Taiwan’s top trade negotiator, John Deng, has expressed a desire to expand the trade agreement between Taipei and Washington into a more comprehensive free trade deal. This move comes as Taiwan strives to counter China’s efforts at isolating the island nation and bolster its export-dependent economy. In an interview with Bloomberg News in Taipei, Deng…
Forced labor and modern slavery pose daunting challenges within supply chains, threatening ethical sourcing and sustainability efforts. A recent survey conducted by Gartner sheds light on the difficulties that procurement executives face in effectively addressing these risks. In this blog post, we will delve into the findings from the survey and outline crucial steps for…
