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

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

Video Series Chapter 5: Duty Management

Posted by Joe Gabro on Wed, Oct, 5 2016 @ 11:00 AM

Continued from Chapter 4: Logistics

Minimizing duties is one of the fastest and easiest ways to squeeze significant financial returns out of a company's global supply chain. Duty minimization opportunities come in many forms, but many companies fail to take advantage of these programs due to the perceived difficulty of qualifying for and administering them.

The fifth video in our series explains how automating the duty management process is the best way to reap the benefits – like cutting duties and taxes by 80-100%.

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

Software Can Help Soothe Free Trade Headaches

Posted by Kelsey Barker on Wed, Aug, 31 2016 @ 9:30 AM

Free trade agreements and foreign trade zones offer an attractive opportunity for US importers to reduce or eliminate duties and taxes, but these benefits hide behind a maze of complex protocols, dense paperwork, and red tape. Sourcing and supply chain executives must also balance duty considerations against material quality, production capacity, and number of components. 

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Topics: Duty Management, Supplier Solicitation, Certificate Management, Foreign-Trade Zones, Trade Agreements

Webinar Q&A: Framing the Total Landed Cost Picture

Posted by Suzanne Richer on Fri, Jul, 15 2016 @ 1:43 PM

On June 21st, Amber Road in conjunction with American Shipper broadcasted a webinar entitled, Framing the Total Landed Cost Picture. Our presenters, Suzanne Richer and Phanibhushan Reddy from Amber Road, received several questions throughout the webinar, but unfortunately we did not have time to address them all during the live broadcast. We have compiled their answers into a Q&A document - here is a preview:

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Topics: Landed Cost Calculation, Duty Management, Foreign-Trade Zones, Trade Agreements

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

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

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

A Duty to Save: Avoiding Missed Opportunities in Duty Management

Posted by Ryan Gudovitz on Tue, Jun, 14 2016 @ 9:00 AM

Most global shippers know that free trade agreements (FTAs) and foreign trade zones (FTZs) are important duty management tools. But according to American Shipper research, only a fraction are fully utilizing these duty reduction vehicles. As discussions progress on sweeping trade pacts involving Asia, South America and Europe, it’s more important than ever to ensure you’re not leaving opportunities on the table.

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Topics: Landed Cost Calculation, Duty Management, Global Trade Management, Foreign-Trade Zones, Trade Agreements

China Trade Policy Update - Are You Aware Of These Recent Changes?

Posted by Kae-Por Chang on Wed, Apr, 6 2016 @ 2:53 PM

The China General Administration of Customs released GAC 2016 Circular 20 on March 24, 2016 to change Customs declaration filing requirements with an effective date of March 30, 2016.

So how does this affect your organization and what should you do to ensure trade compliance? 

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