EU Bases its Tariff Update on the WCO 2017 HS Changes

Posted by Arne Mielken on Fri, Oct, 28 2016 @ 10:39 AM

With the publication of “COMMISSION IMPLEMENTING REGULATION (EU) 2016/1821 of 6 October 2016 amending Annex I to Council Regulation (EEC) No 2658/87 on the tariff and statistical nomenclature and on the Common Customs Tariff” on October 28, 2016, the European Union has updated its EU Tariff, also known as the Combined Nomenclature (CN). The CN is, in essence, a list of numbers used to identify a description of goods traded with the EU.

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Topics: Import Management, Export Management, Product Classification

Even the eCommerce Giants Lack Export Control Processes

Posted by Gary M. Barraco on Mon, Oct, 24 2016 @ 9:38 AM

Amazon.com has dominated the eCommerce industry since 1995, originating as an online reseller of books.  During Amazon’s first month in business, it received orders from customers in 50 U.S. states and 45 countries across the world.  Today, the company offers over 183 million products and serves more than 224 million customers. 

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Topics: Export Management, Product Classification, Export License Determination and Management, Export Compliance, Export Violations

Video Series Chapter 6: Trade Compliance

Posted by Joe Gabro on Wed, Oct, 19 2016 @ 10:15 AM

Continued from Chapter 5: Duty Management

The growth of globalization – along with the proliferation of country-specific trade rules – adds to the complexities that global trade organizations already face on a daily basis. Companies that rely on spreadsheets or increasing personnel only make their trade compliance management less efficient.

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Topics: Import Management, Export Management, Import Compliance, Export Compliance

Improve Your Trade Compliance Training Program

Posted by Mollie Leon on Fri, Oct, 7 2016 @ 8:50 AM

Multinational companies are not investing in trade compliance training for their employees. Amber Road’s Global Trade Academy conducted a survey to better understand the trade compliance programs and training needs of companies.

Close to 70% of companies stated they had on-going compliance training for employees. Yet only 48% have an annual employee training budget. This discrepancy may be due to using internal resources instead of external training resources.

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Topics: Import Management, Export Management, Global Trade Management, Global Trade Academy, Risk and Quality Management

EU Proposes to Modernize its Dual-Use Regulation

Posted by Arne Mielken on Thu, Sep, 29 2016 @ 10:15 AM

The EU has an extensive dual-use industry that brings together thousands of small, medium, and large-sized companies that provide highly valued jobs and know-how, including significant R&D work. According to the European Commission, dual-use items are often high-tech products and have ramifications across a wide range of key sectors of the EU economy; they include leading edge technologies that are crucial to the EU's drive towards innovation and competitiveness. In 2014, the total value of controlled dual-use exports reached EUR 59 billion, representing 3.4% of total EU exports to third countries. Few exports were actually denied, representing a negligible portion of total EU exports.

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Topics: Export Management, Export License Determination and Management, Export Compliance

Amber Road to Discuss Product Classification at the AAFA Footwear Forum

Posted by Mollie Leon on Fri, Sep, 23 2016 @ 9:16 AM

Even the most innovative, perfectly constructed and tested, best priced product still needs to make its way into the country where it will be setting trends. Accurately classifying goods is essential to ensuring that cross-border trade runs smoothly. Tariff engineering and classification management, if done right, can also provide leverage for greater cost savings. 

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Topics: Apparel, Import Management, Export Management, Product Classification

Trade Wizards: Simplify, Automate, and Streamline Your Global Trade Operations Online

Posted by Colleen Bush on Thu, Sep, 15 2016 @ 8:00 AM

With over 190 countries in the world actively involved and regulating trade, it is increasingly complex and time consuming to understand all of the requirements to legally ship to or source from a given country. The challenge for organizations in today’s global economy is to maintain compliance with changing trade regulations while managing a growing network of trading partner relationships and still get product to market at the lowest delivered cost.

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Topics: Export Management

Fundamentals of Centralized Global Trade Compliance

Posted by Mollie Leon on Mon, Jul, 18 2016 @ 8:52 AM

The field of global trade compliance requires a combination of centralized reporting and distributed execution. This allows organizations to benefit from unified policies, control, and measurement while maintaining agility to implement compliance activities and processes that vary greatly across different geographies and product domains. 

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Topics: Import Management, Export Management, Global Trade Management, Export Compliance

What You Need to Know About SOLAS and the Container Weight Requirement

Posted by Colleen Bush on Tue, Jul, 12 2016 @ 2:07 PM

As you are well aware, the SOLAS container weight rule went into effect on July 1, 2016, with a transition period through October 1. This new requirement states that an accurate container weight must be provided prior to loading upon an ocean vessel.

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Topics: Import Management, Document Management, Export Management, Transportation Management

The British Vote Brexit: How Will This Impact Global Trade in EU and US Companies?

Posted by Nick Fabretti on Thu, Jul, 7 2016 @ 2:28 PM

As you have heard by now, the British public voted in favor of Brexit. Of the British electorate, 51.9% casted their vote in favor of Brexit, with a higher-than-expected overall turnout of 72.2%.

So what does this mean for the future of the UK, EU and global trade?

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Topics: Export Management, Export Compliance