There is a lot of news in supply chain management today – from single window initiatives to secure supply chains to regional trade agreements. With each having its own set of obstacles and benefits, companies should not only weigh the costs against the benefits, but also consider the effect that these new policies, rules and agreements will have on their entire supply chain, including trade compliance.

In the last few years, regional trade agreements have taken a foothold in the trade compliance world. Currently there are three major regional trade agreements in negotiation or ratification – the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP) and the Transatlantic Trade and Investment Partnership (T-TIP).

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