What Importers and Exporters Need to Know About the WTO Trade Facilitation Agreement (TFA)

Posted by Jonathan Dicks on Thu, Feb, 23 2017 @ 3:45 PM

Billed as a “major milestone for the global trading system”, the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) entered into force on February 22, 2017. It is the first multilateral agreement concluded since the creation of the multi-country trade-focused body in 1995. The TFA negotiations concluded during the Bali Ministerial Conference in 2013, but finally went into force yesterday after two-thirds of its members ratified the agreement.

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Topics: Duty Management, Global Trade Management, Trade Agreements

EU Parliament Advances CETA

Posted by Arne Mielken on Fri, Feb, 17 2017 @ 3:00 PM

Amber Road has previously reported extensively on the Comprehensive Economic and
 Trade Agreement
(CETA). Under negotiation for almost five-and-a-half years, CETA
was approved in a close vote by the Members of the European Parliament (MEPs) on 15 February 2017. It was signed by both the European Union and Canadian representatives in October 2016, and first received a positive recommendation from the EU International Trade Committee in the European Parliament (EP) on 24 January 2017.

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Topics: Duty Management, Foreign-Trade Zones, Trade Agreements

Handling PSC, PD or Voluntary Disclosures as Part of Your Self-Testing Plan

Posted by Nick Fabretti on Thu, Feb, 16 2017 @ 11:13 AM

Today’s compliance leaders must integrate self-testing programs into their export and import processes. A self-testing program is the basis of the Importer Self-Assessment (ISA) and is an excellent tool for firms not participating in ISA.  

Self-testing programs begin with a risk model specific to the firm and may mitigate penalties from Customs and Border Protection (CBP) when properly implemented and updated.

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Topics: Global Trade Academy

Conflict Minerals Traceability Brushed Aside?

Posted by Gary M. Barraco on Wed, Feb, 15 2017 @ 2:30 PM

Every year, millions of dollars are channeled to armed rebels and insurgents and the source of these funds comes from the trade of minerals that are used in consumer goods of every type. Now known as conflict minerals, tin, tantalum, tungsten and gold (the 3TGs), are mined mostly in the Democratic Republic of Congo (DRC) and surrounding nations. The eventual sale and use of minerals originating from these countries frequently helps finance the violence and prolong the illicit working economy where civilians endure harsh conditions of armed conflict and human rights abuses.

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Topics: Global Sourcing, Vendor Management, Production Tracking

e-Commerce Impacts Global Trade: 2017 AAEI e-Commerce Benchmark Report

Posted by Nick Fabretti on Wed, Feb, 8 2017 @ 1:23 PM

e-Commerce has revolutionized business-to-consumer sales, resulting in a newly empowered consumer – one with higher expectations for the retail shopping experience. For organizations to stay ahead of the curve that is e-commerce, primary gaps must be addressed with a combination of technology, trade compliance knowledge, and automation.

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Topics: Global Trade Management

Social Compliance Concerns Amplified in 2017

Posted by Joe Gabro on Thu, Feb, 2 2017 @ 10:00 AM

There is a lot to be worried about in 2017 for those companies reliant on global trade. You are encountering the anticipated shifts in worldwide trade policies stemming from a series of governmental changes (such as the U.S. election), last year’s trade volumes and retail sales hitting bottom, transportation and logistics companies running aground, brick and mortar stores turning out the lights for good, and everyone being asked to do less with more. 

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Topics: Global Sourcing, Vendor Management, Shipping Collaboration

Dialing Into the Supplier Network

Posted by Nick Fabretti on Mon, Jan, 30 2017 @ 10:45 AM

Expanding supplier bases and stretching out supply chains have increased the pressure to roll-out a supply network with leading supplier management and global sourcing tools.

This is critical for product innovation, product quality management, facility compliance, and reduced order cycles and cost – with just a single global transaction. In short, automate all the way upstream to the source.

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Topics: Supplier Management

Amber Road to Discuss Enabling Retail for e-Commerce at the RILA Supply Chain Conference

Posted by Mollie Leon on Fri, Jan, 27 2017 @ 8:52 AM

The retail industry was an early adopter of low-cost sourcing strategies. Most retailers are now also looking to improve the efficiency of their import operations to reduce cash-to-cash cycles and lower total delivered costs. They have always faced long lead times and variability, but these issues are magnified given the proliferation of products and the global effect of natural disasters on supply chains.

Amber Road is excited to sponsor and speak at the RILA Supply Chain Conference from February 12 – 15 in Orlando, Florida. This conference will focus on the latest industry trends and technologies in transportation, distribution, international logistics & sourcing, supply chain planning software, omnichannel, and much more! 

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Topics: Retail, Global Trade Management, Supply Chain Visibility

A Day of Action Sets the Tone for Future Trade

Posted by Gary M. Barraco on Thu, Jan, 26 2017 @ 9:45 AM

On his first full weekday in office, President Donald Trump swiftly abandoned the Trans-Pacific Partnership (TPP) with an executive order, standing by his Inauguration speech that “now arrives the hour of action." President Trump also signed an executive order to renegotiate the North American Free Trade Agreement (NAFTA). The orders fulfill the pledge Trump made in mid-November to immediately make dramatic changes and put “America first” on his first day in office.

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Topics: Duty Management, Foreign-Trade Zones, Trade Agreements

Polaris Conquers Future Challenges in Digitization, Globalization, and Scalability

Posted by Kelsey Barker on Wed, Jan, 25 2017 @ 12:09 PM

Looking to 2017 and beyond, the stakes for supply chain leaders continue to rise. Executives at the SCM World Live Americas conference next week will learn how Polaris is automating its global supply chain activity to address current and future challenges in digitization, globalization, and scalability:

  • Eliminated or mitigated trade flow gaps
  • Ensured quality trade procedures
  • Optimized internal and third-party resource utilization

Using digital supply chain touch points and a new resource structure, Polaris has successfully created a strong foundation built for scale and flexibility. 

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Topics: Import Management, Trade Agreements, Global Supply Chain