5 Processes to Remember When Exporting

There are various measures to assess when exporting products internationally. An exporter must exude “reasonable care” in checking the safety and purpose of the goods being exported, as well as maintaining compliance across borders. Not only must you comply with domestic customs authorities, but also foreign customs of the countries to which you are shipping. In order to avoid fines, removal of export privileges or jail time, remember to perform the following five export processes to proactively ensure your goods are efficiently moving through your supply chain. Continue reading

Posted in Global Trade Management (GTM) | Tagged , , , , , , , | Leave a comment

7 Reasons Why Organizations Need a Global Classification Platform

It’s more than just an item master. It’s definitely more than just a spreadsheet. A Global Classification platform includes various and multiple forms of classification data, stores required documents, provides up-to-date trade content, and provides a centralized, web-based solution that all trading partners can access. Having trouble selling the need for a Global Classification platform internally? Below are 7 great reasons why any organization needs, and can benefit from, a Global Classification platform. Continue reading

Posted in Global Trade Management (GTM) | Tagged , , , , , , | Leave a comment

Egypt Cancels FTA with Turkey Amid Tensions

Tensions between Egypt and Turkey have been running high since former Egyptian President Mohamed Morsi was ousted in 2013. A free trade agreement (FTA) between the two nations, which was signed during Morsi’s rule, is now being terminated ahead of its March 2015 expiration.

Continue reading

Posted in Free Trade Agreement Management (FTA) | Tagged , , , , , , , , , , | Leave a comment

US, Mexico Reach Deal to Recognize Trusted Trader Programs

An agreement has been reached between Mexico and the US to mutually recognize each other’s trusted trader programs beginning in 2015. The agreement is expected to streamline the passage of goods across the countries’ shared border. Delays in border traffic have reportedly resulted in a loss of nearly $7.2 billion USD to gross output for both countries.

Continue reading

Posted in Global Trade Management (GTM) | Tagged , , , , | Leave a comment

Global Trade News Summary – Happy Monday!

Take a look again at the most important news and start the week fully informed with the news that Global Trade News brought to you last week in Twitter: Continue reading

Posted in Uncategorized | Leave a comment

A US – China FTA Has Impressive Potential for Both Nations

Research from the Peterson Institute for International Economics has indicated that a trade agreement between the US and China could generate a combined economic gain of $460 billion USD for the two countries. The US and China, which represent the world’s largest economies, are in the heat of talks that could result in a trade agreement, serving as a further boost to both economies.

Continue reading

Posted in Free Trade Agreement Management (FTA) | Tagged , , , , , , , , , , , , | Leave a comment

Hong Kong – Chile FTA Enters Into Force

Effective October 9, 2014, the free trade agreement (FTA) signed between Hong Kong and Chile will come into force. Initially signed in 2012, it will be the first agreement that Hong Kong has signed with a South American country.

Continue reading

Posted in Free Trade Agreement Management (FTA) | Tagged , , , , , | Leave a comment

Why Tariffs Alone Will Not Keep You Compliant

Regulatory compliance can be viewed as a puzzle with many different pieces that fit together to create a solid compliance program.  Tariff schedules are just one piece of this puzzle, but many organizations today are relying on basic tariff information as a mainstay of their compliance processes. Accessing tariff schedules is just the start of putting the puzzle together.  Companies must then factor in the changes that take place throughout the year and sharing that information across their supply chain to maintain compliance.

Continue reading

Posted in Uncategorized | Leave a comment

Global Trade News Summary – Happy Monday!

Take a look again at the most important news and start the week fully informed with the news that Global Trade News brought to you last week in Twitter: Continue reading

Posted in Uncategorized | Leave a comment

Calling All Automotive Companies – Best Practices on NAFTA Qualifications

Qualifying for NAFTA can be difficult for any industry, but for those in the Automotive industry, the difficulty level goes up a step.  As an Automotive company trying to qualify for NAFTA, you must not only understand the rules and general notes, but also how to handle averaging, trace value calculations and what-if scenarios.

Continue reading

Related Posts Plugin for WordPress, Blogger...
Posted in Free Trade Agreement Management (FTA) | Tagged , , , , , , , | Leave a comment