US, EU Look to Boost Economies with Trade Pact

Posted by Annika Helmrich on December 18, 2012

After years of trade disputes, US and European Union officials are considering a drastic change in direction: a US-EU trade pact. It would be the world’s largest trade agreement, and could give a significant boost to both struggling economies.

Negotiations are still in the preliminary stages, and both sides will have much to overcome — including differences on agriculture, food safety, and climate change legislation — but top EU and US officials insist they want to see the pact happen. Even America’s main labor group, the AFL-CIO, which usually opposes such trade pacts, said it wouldn’t interfere with this one. Secretary of State Hillary Clinton also appears to be in support of the trade agreement:

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Topics: GTM Best Practices, Duty Management, Global Trade Management, Free Trade Agreements

Executive Spotlight: Ty Bordner

Posted by Kelsey Barker on December 18, 2012

The Executive Spotlight series will feature several of Amber Road’s key thought leaders as they discuss what they see as the biggest challenges and trends in the GTM space.

What do you believe to be the key challenges facing your customers and their supply chains in the year ahead?

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Topics: Global Trade Management Software, GTM Best Practices, Global Trade Management

Retailers Threatened by Potential East Coast Port Strike

Posted by Emily Thornton on December 13, 2012

While West Coast port workers are back on the job after an 8 day strike, retailers now face the potential of an even more severe East Coast strike. This strike could be much larger, spanning from Maine to Texas and stopping container traffic at 14 ports. If an agreement is not reached, the strike could begin in early 2013, impacting inventory for the upcoming spring and summer seasons.

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Topics: Retail, GTM Best Practices, Transportation Management, Global Trade Management

Export Violations Lead to $3M in Fines for Chinese Company

Posted by Caroline Brown on December 10, 2012

Last week the China Nuclear Industry Huaxing Construction Co., Ltd. (Huaxing), a corporation controlled by the People’s Republic of China, pled guilty to violating the International Emergency Economic Powers Act (IEEPA), the Export Administration Regulations (EAR) and other related charges.

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Topics: Export Management, Export License Management, Export Compliance, Export Violations

Tomorrow’s Webinar: Building a Segmented Supply Chain Model

Posted by Emily Thornton on December 10, 2012

Join Amber Road and Logistics Management tomorrow, December 11 at 2pm EST for a webinar to hear how organizations are embracing a supply chain segmentation approach to better manage resources and understand customers' buying behaviors. During Building a Segmented Supply Chain Model, Michael Levans, Group Editorial Director at Peerless Research, and Stephanie Miles, SVP Commercial Services at Amber Road, will discuss key findings and best practices from recent market research, including:

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Topics: Webinars, Amber Road News, Performance Management Reporting, Transportation Management, Supply Chain Visibility

Iran Sanctions Broken by Standard Chartered - $330M Settlement

Posted by Martijn van Gils on December 7, 2012

Yet another bank is being fined for violating U.S. sanctions by conducting business with Iran.  According to Reuters, Asian-focused bank Standard Chartered is expected to pay $330 million to settle a case with U.S. regulators.

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Topics: Export Management, Export License Management, Export Compliance, Export Violations

EU Cuts Syria Sanctions Term

Posted by Martijn van Gils on December 7, 2012

The European Union will reduce its renewal term for sanctions on Syria to three months from an expected year. EU diplomats think that doing so will make it easier to equip rebels fighting to depose President Bashar al-Assad.

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Topics: Export Management, Export Compliance

US-Led Trans-Pacific Partnership May Have Chinese Competition

Posted by Annika Helmrich on December 6, 2012

The Obama administration is looking to finalize its much-anticipated Trans-Pacific Partnership, an 11-nation regional trade agreement that, if successful, will expand American exports and economic influence in Asia.

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Topics: Duty Management, Free Trade Agreements

US Senate Unanimous in Vote for Tougher Sanctions Against Iran

Posted by Martijn van Gils on December 5, 2012

On November 30, 2012, the United States’ Senate passed the Menendez amendment (SA 3232) adding stronger Iran sanctions to the National Defense Authorization Act. Key features of the amendment, drafted by Senators Robert Menendez, Mark Kirk, and Joe Lieberman, according to Robert Menendez’ website, are that it:

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Topics: Export Management, Export Compliance

BIS Proposal Revises Export Controls for Military Electronics

Posted by Annika Helmrich on December 3, 2012

The Bureau of Industry and Security (BIS) has recently proposed a new rule regarding the control of military electronic equipment and related items. The rule mandates that the President will no longer determine warrant control under the United States Munitions List (USML), but rather on the Commerce Control List (CCL). This rule is being proposed along with another from the Department of State‘s Directorate of Defense Controls, which would amend the list of articles controlled by USML Category XI.

BIS said its intent is that the new Export Control Classification Numbers “not increase the number of destinations to which a license is required, alter the policy under which license application are reviewed or create any apparent instances of an item that is subject to the EAR being covered by more than one ECCN.”

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Topics: Export Management, Export License Management, Export Compliance

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