Duty Free Goods Aren’t “In the Bag” Under GSP

Posted by Gary M. Barraco on Wed, Jul, 6 2016 @ 2:30 PM

The 40-year old Generalized System of Preferences (GSP) program has helped many developing countries get a foothold in the US retail market with special duty-free status on imported goods. Established by the Trade Act of 1974, GSP promotes economic development by eliminating duties on up to 5,000 types of products when imported from one of 122 designated beneficiary countries and territories.

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

The Keys to Effective China Trade Operations

Posted by Mollie Leon on Wed, Jul, 6 2016 @ 9:30 AM

China’s dominance as the world’s top country for sourcing hasn’t swayed under the pressures that have been the topic of discussion in the boardroom, on the campaign trail, around the dining room table, or during trade negotiations in nearly every country around the world. China has maintained its place as the foremost manufacturing hub and continues to gain momentum as the premier outsourcing destination for low-cost and fast manufacturing.

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Topics: China Trade Management, Import Management, Duty Management, Export Management

Duty Management: The Alphabet Soup

Posted by Ryan Gudovitz on Fri, Jul, 1 2016 @ 9:00 AM

NAFTA, CAFTA, TPP, FTZ... How do you spell “Trade?”

All the acronyms used to reference trade and duty programs can sound a lot like alphabet soup. But they represent a variety of opportunities for exporters to grow their business overseas by making their products more affordable in growing markets. Furthermore, FTAs and FTZs allow importers to dramatically lower the duties and taxes they pay. 

Savings from these programs can be significant, and are often measured in the millions to tens of millions of dollars annually. And yet, many shippers don’t participate because the complexity of each unique trade agreement and the difficulty navigating the regulatory intricacies. 

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

Labeling Apparel – Getting it Right!

Posted by Ryan Gudovitz on Thu, Jun, 30 2016 @ 4:05 PM

The labeling rules for apparel products are detailed and numerous.  Specialty materials such as fiber, bamboo, and fur all require an especially strong understanding of the Federal Trade Commission’s (FTC) requirements.

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Topics: Apparel, Import Management, GTM Best Practices, Import Compliance, Global Trade Academy, Trade Compliance

Webinar Q&A: 2016 Trade Compliance Survival Guide

Posted by Suzanne Richer on Thu, Jun, 30 2016 @ 10:13 AM

Earlier this year, Amber Road’s Global Trade Academy broadcasted a webinar, Trade Compliance Survival Guide. I received several questions throughout the webinar, but unfortunately, I did not have time to address them all during the live broadcast. I have compiled some of my answers into a Q&A document - here is a preview:

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Topics: Global Trade Academy

The "-abilities" of Global Trade Management: Product Traceability

Posted by Joe Gabro on Wed, Jun, 29 2016 @ 11:00 AM

Product traceability has become a critical aspect of supply chains and global trade; with definitions that run the gamut depending on the industry or phase in the product lifecycle.  Product traceability may be both a regulatory and environmental issue.  Retailers want to ensure they provide their customers with as much supply chain visibility into sourcing operations, including where their products are manufactured and if those factories maintain safe working conditions, pay workers a fair wage, and use methods that do not damage the environment. Likewise, product testing laws continue to increase in complexity. Traceability is a requirement for many import and export controls, as demonstrated by these regulations:

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Topics: Sourcing Optimization, Product Testing, Risk and Quality Management, Production Tracking, Quality Control Inspection

New Video: Invest in Training and Advising Your Compliance Team

Posted by Nick Fabretti on Tue, Jun, 28 2016 @ 9:38 PM

An ever-increasing demand to do more with less means companies are rightly turning to automation to streamline their operations and ensure they’re operating at peak efficiencies. The right automation solutions, such as those offered by Amber Road, help create a competitive advantage that no other solution can offer. But the best automation in the world is only useful if you have people in place who understand it and can put it to use.

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Topics: Global Trade Academy

Amber Road Goes to Washington: USFIA’s “Trade is Fashionable” Symposium

Posted by Gary M. Barraco on Tue, Jun, 28 2016 @ 3:43 PM

"I'm just a bill. Yes I’m only a bill. And I'm sitting here on Capitol Hill."

Over 40 years ago, a Saturday morning TV show called Schoolhouse Rock uniquely taught children (and adults) how the US government passes new laws and legislation in a lyrical cartoon with a catchy tune. Even in this animated lesson, the tremendous complexity of laws, regulations and directives is obvious.  Yet most of us are challenged daily to negotiate mountains of legalese in order to conduct business.

In a new benchmark report produced by USFIA and Dr. Sheng Lu of the University of Delaware, executives ranked  compliance with trade regulations among their top three concerns as they finish out 2016 and prepare for next year - an increase from the 2015 survey. 

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Topics: Global Trade Content, Global Trade Management, Events, Global Knowledge, Global Supply Chain, Trade Compliance

Upcoming Webinar: How Bolloré Logistics Expedited Rate Quotes and Reduced Transportation Costs

Posted by Colleen Bush on Mon, Jun, 27 2016 @ 1:35 PM

Global transportation isn’t getting any easier to manage, especially for non-vessel operating common carriers (NVOCCs). Faced with uncertainties like surcharges—but needing to remain competitive when bidding against other providers—NVOCCs need the right mix of historical data, data intelligence, and technology support to make quick and effective decisions in the changing global market.

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Topics: Rate Management, Contract Management, Transportation Management

The British Vote Brexit: How Will This Affect Trade?

Posted by Arne Mielken on Fri, Jun, 24 2016 @ 3:42 PM

As you have heard by now, the British public voted in favor of a Brexit, or exit, from the European Union (EU). Of the British electorate, 17.4 million (51.9%) casted their votes in favor of Brexit compared to 16.1 million (48.1%) in favor of continued membership with an overall turnout of 72.2%, which is higher than most expected. So what does this mean for the future of the UK and global trade?

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Topics: Certificate Management, Foreign-Trade Zones, Trade Agreements, Global Knowledge