2017: Bracing for Instability in Global Trade

Posted by Kelsey Barker on Thu, Nov, 17 2016 @ 10:30 AM

Global supply chains have been pulled tight, contracted, and at times broken during 2016. As we move into 2017, global trade management executives need to brace against disrupters that have the potential to send your supply chain into a tailspin: What will US trade policy look like? How can my supply chain handle new security risks? What, if anything, will happen to the TPP?

Join Amber Road's Global Trade Academy for our webinar, 2017: Bracing for Instability in Global Trade, on Wednesday, December 7, at 2PM EST to hear thought leaders answer a few of these questions.

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Topics: Retail, Global Trade Content, Global Trade Management, Supply Chain Visibility, Free Trade Agreements, Global Supply Chain, Risk and Quality Management

The Story of that Yarn: BOM Qualification

Posted by Gary M. Barraco on Tue, Nov, 15 2016 @ 12:14 PM

Even with all of the potential free trade agreements (FTAs) companies can take advantage of, it’s little surprise that many U.S. importers are spinning when it comes to qualifying goods based on the restrictive regulations for sourcing inputs and raw materials.    

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Topics: Duty Management, Supplier Solicitation Campaigns, Free Trade Agreements, Bill of Material Qualification

Focus on the Comprehensive Economic and Trade Agreement (CETA)

Posted by Arne Mielken on Thu, Oct, 20 2016 @ 2:45 PM

On February 29, 2016, Canada’s Minister of International Trade, Chrystia Freeland, and the European Union’s Commissioner for Trade, Cecilia Malmström, announced the completion of the legal review of the Comprehensive Economic Trade Agreement (CETA). After many years of negotiations, this European Union (EU) and Canadian treaty could finally be signed at the forthcoming EU-Canada Summit in Brussels on October 27, 2016. The EU considers it to be “a milestone in European trade policy” and “the most ambitious trade agreement that the EU has ever concluded.”  Those in favor of CETA argue that it will boost trade between the EU and Canada. Critics argue that the agreement is unduly favorable to businesses and may lead to a lowering of regulatory standards.  With a provisional application possible in the near future, let’s take a closer look at what’s at stake and why CETA matters.

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Topics: Duty Management, Trade Agreement Identification, Free Trade Agreements

Free Trade Agreements Create Compliance Headaches

Posted by Mollie Leon on Thu, Oct, 6 2016 @ 8:51 AM

Free trade agreements (FTAs) open up market access between signatory countries by reducing barriers to trade, which makes it easier and more cost effective for U.S. companies to export their products and services to trading partner markets. However, this process isn't always that easy. For many trade compliance professionals, the most complex challenge is understanding and navigating the various “rules of origin.” Rules of origin are highly complex and technical rules that describe how exported goods shipped to a country or region may qualify for duty-free or reduced-duty benefits under the applicable trade agreement.

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Topics: Duty Management, Certificate Management, Free Trade Agreements, Product Claim Details and Storage

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, Free 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 Campaigns, Certificate Management, Foreign-Trade Zones, Free Trade Agreements

Rules of Origin Under Different Free Trade Agreements

Posted by Suzanne Richer on Thu, Aug, 4 2016 @ 1:45 PM

Not all Free Trade Agreements are the same, and one of the most frustrating differences is how they define Rules of Origin. How can you tell which products qualify for each agreement?

Don’t miss my presentation next week alongside Susan K. Ross, Partner at Mitchell, Silberbeg & Knupp LLP, as we discuss Rules of Origin Under Different Free Trade Agreements (FTA’s) at the NEI’s Second Annual Global Trade Educational Conference (GTEC)

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Topics: Trade Agreement Identification, Free 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, Free Trade Agreements

T-TIP: The Impact On Footwear

Posted by Nick Fabretti on Thu, Jul, 14 2016 @ 9:21 AM

Next week, Amber Road will sponsor the FDRA Sourcing Intelligence Summit in New York City on July 18-19. This full-day summit at the New York Stock Exchange will explore global footwear sourcing, supply chain and factory compliance issues and trends, including T-TIP. Industry executives and other experts will share their insights through featured keynotes as well as panels covering specific countries and issues.

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Topics: Import Management, Free 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, Free Trade Agreements