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, Free 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

Brexit, EU, and Trump - How to Prepare for Changes in Global Trade

Posted by Joe Gabro on Wed, Jun, 21 2017 @ 10:45 AM

Global trade management is challenging enough, given the complexity of managing and optimizing supply chains today. As global supply chains become increasingly more complex, the challenge of managing the growth while maintaining control increases along with it. Change is constant. However, with Brexit and new U.S. trade and tax policies soon to take effect, companies must be prepared before it's too late.

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

Amber Road is “En Marche!” with French Taxes

Posted by Arne Mielken on Mon, Jun, 19 2017 @ 12:00 PM

On May 14, 2017, the French Republic elected the youngest president of its history, Emmanuel Macron, who promised to reform the country and better prepare it for 21st century challenges. This is a big deal for the global trading community and the EU because France has the world's sixth largest economy by IMF estimates and the tenth largest economy by Purchasing Power Parity figures. It is the third largest economy in Europe.

In the wake of this historic election, there is one particular French trade aspect to consider and whether it’s ripe for reform: the peculiar French indirect taxes. Sure, France may have done away with their king a while ago, but some say France is still the King of Indirect Taxes!

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Topics: Landed Cost Calculation, Duty Management

How Automation Makes Trade with India Better

Posted by Arne Mielken on Fri, Jun, 16 2017 @ 9:00 AM

Free trade agreements (FTAs) help countries export more outside their borders, gain better access to raw materials and vital components, and compete more successfully in the global marketplace. For India and European Union member states, the EU-India FTA faces a tough uphill battle. However, once that battle is overcome, the FTA will increase trade and opportunity between the two powerful regions.

India is an important sales market for Europe; with a population of 1.3 billion it is the fastest growing economy in the world and a key supplier of a wide range of goods and services for many EU partners.  Germany, ahead of India’s Prime Minister’s visit to Europe in late May, made a strong pitch for resuming negotiations for the EU-India FTA. Germany is one of many countries that India terminated its bilateral investment protection treaties (BITs) with, following the country’s release of a new BIT model in December 2015.

If the new FTA is finalized, it will help both sides boost trade, create jobs, increase economic growth, and initiate new business opportunities. Companies need to prepare for the complex compliance processes that an FTA will bring when moving goods across these borders.

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

Duty Drawback Success Story: A $1.3 Million Return on Investment

Posted by Suzanne Richer on Wed, Jun, 14 2017 @ 1:13 PM

Duty Drawback represents one of Customs’ most long-standing benefits to firms, as it offers companies a refund of up to 99% of taxes, duties and fees paid when imported merchandise is exported or destroyed within certain timeframes. The concept is simple – match your import entry documents with the corresponding export docs, file for expedited payment processing, and voila! Money will flow into your bank account.

As simple as it seems, drawback regulations are among the most complicated, and it is estimated that $2.8 billion dollars is left unclaimed by companies eligible for refund. Enter Amber Road’s Global Trade Academy – after attending the unique 3-day Duty Drawback Certificate Program, attendees have succeeded in securing incredible refunds for their firms.

One great success story is that of Tammy Anderson, Logistics Supervisor with an electronics firm, who in less than one year was able to secure $1.3 million dollars from her drawback program.  

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Topics: Import Management, Duty Management, Export Management, Import Compliance, Export Customs Filing