Trump Extends Duty Savings Programs for Travel Goods to All GSP Countries

Posted by Gary M. Barraco on Fri, Jul, 21 2017 @ 1:00 PM

On July 5, 2017, President Trump signed a proclamation officially granting duty free benefits on 28 lines of travel goods to all GSP countries. The U.S. travel goods industry had been impatiently waiting for this announcement since last June, when the Obama Administration granted only a limited number of countries.  

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Topics: Duty Management

Preventing Risk from Sinking Your Supply Chain

Posted by Nick Fabretti on Tue, Jul, 18 2017 @ 2:48 PM

Global trade compliance risks are not always easy to identify and don't manifest in only one area of the supply chain. Also, if you are not preparing your organization to address them, you can expose your company to irreparable damage. 

As an exporter, being aware of those risks is the first step in learning how to manage them.

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Topics: Risk and Quality Management

How Digitization Impacts the End-to-End Supply Chain

Posted by Nick Fabretti on Fri, Jul, 14 2017 @ 8:50 AM

The key to success for any supply chain is efficient exchange of information. The traditional supply chain is fraught with friction, caused primarily by lack of complete and timely information. The data that exists is often siloed in multiple systems across the network. Digitization breaks down the walls to create a unified ecosystem that provides great value to all of the players involved.

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Topics: GTM Best Practices

Leveraging Restricted Party Screening Software to Minimize Risk from Politically Exposed Persons

Posted by Gary M. Barraco on Thu, Jul, 13 2017 @ 12:58 PM

2017 might go down in the record books as the year of changing trade regulations. Tax and duty, preferential trade, import/export controls, and other complex laws are all under the regulators microscope in countries around the world. Adding another layer of risk, organization like the Financial Action Task Force (FATF), UK National Crime Agency (NCA) and others are working to ensure that businesses do not engage in bribery as a means to obtain or retain business. Numerous countries around the world have passed anti-corruption laws, such as the US Foreign Corrupt Practices Act (FCPA), the UK Bribery Act, the Canadian Corruption of Foreign Public Officials Act (CFPOA), Chinese Anti-Corruption Laws, and more. Some of these laws does not distinguish between small and large bribery payments, thus prohibiting any facilitation payments.

Many organizations are already getting hit with huge fines for breaches in anti-money laundering rules in the United Kingdom, Hong Kong and Germany. The first step toward compliance with these regulations is to identify those individuals that may be part of your company’s operation.

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Topics: Restricted Party Screening

Netherlands Places Mandatory AEO Requirement on Customs Agents

Posted by Arne Mielken on Tue, Jul, 11 2017 @ 1:37 PM

The EU’s Union Customs Code (UCC) provides the possibility of imposing national conditions or requirements for the status of customs representatives. Customs representatives, also known as Customs brokers, are the professionals that "clear" goods through customs barriers for importers and exporters. This involves the preparation of documents and/or electronic submissions, the calculation and payment of taxes, duties and excises, and facilitating communication between government authorities and importers and exporters. Custom brokers may, for example, be employed by or affiliated with freight forwarders, independent businesses, shipping lines, importers, exporters, trade authorities, and customs brokerage firms.

As of July 1, the Netherlands requires these customs representatives to meet Authorized Economic Operator (AEO) criteria, with the hopes of improving the quality of data they supply in their customs declarations.

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Topics: Entry Management, Import Customs Filing

Did You Miss the AAEI Annual Conference? Catch Our Key Takeaways!

Posted by Julia Gorman on Fri, Jul, 7 2017 @ 2:00 PM

Were you unable to make it to the 2017 AAEI Annual Conference in Austin, Texas? Or maybe you did attend but you would like to review the themes and updates discussed in the show? Either way, we have you covered!

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Topics: Webinars, Events, Global Trade Academy

Need for Speed: Becoming Faster Through Supply Chain Transformation

Posted by Joe Gabro on Thu, Jul, 6 2017 @ 10:15 AM

Speed-to-market has become the top market pressure for retailers. There are a few companies in the apparel industry that are turning heads with their transformative process changes. What can other industries or CPG manufacturers learn from the “fast fashion” leaders like H&M, Uniqlo, and Zara who are able to go from concept to shelf in weeks?

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Topics: Production Management, Production Tracking, Material Order Visibility

Amber Road Supports New Free Trade Agreements

Posted by Gary M. Barraco on Wed, Jul, 5 2017 @ 12:30 PM

Globalization and protectionism is driving a new business paradigm for supply chains – a vigorous international debate on the parameters of free or preferential trade. From a strategic and global perspective, Brexit could be the first wave of de-globalization and growing populism in other nations. But President Trump’s driven agenda continues to cause turbulence worldwide as other countries look to strike bilateral trade agreements rather than stay in the previous regional ones.

With approximately 500 regional and preferential trade agreements now in place across the globe, companies can benefit from the lowered duty rates and trade barriers that come with these free trade agreements (FTAs). But managed ineffectively they also pose huge compliance risks. FTA information needs to be constantly updated to ensure accurate origin determination for making a claim.

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Topics: Trade Regulatory Content, Trade Agreements

Amber Road Expands Free Trade Agreement Solution

Posted by Julia Gorman on Thu, Jun, 29 2017 @ 9:36 AM

Amber Road offers the broadest GTM solution footprint on the market, a breadth that has now grown by 89 trade agreements. Amber Road’s Free Trade Agreement (FTA) Management solution automates the supplier solicitation, qualification and certificate management processes for importers and exporters. These duty saving and efficiency boosting capabilities now cover over 120 FTAs across the globe.
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Topics: Press Releases, Amber Road News, Duty Management

Webinar: Trade Defense Measures & the EU’s Use of Anti-Dumping Duties

Posted by Julia Gorman on Thu, Jun, 22 2017 @ 2:05 PM

The subject of antidumping and countervailing duties can be very intimidating for most businesses involved in international trade. Therefore, it’s important to understand the background behind these unfair trade practices and how governments defend against them.

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Topics: Webinars, Import Compliance, Global Trade Academy