How to Maintain Trade Compliance in a Changing Environment

Posted by Anthony Hardenburgh on Tue, Feb, 28 2017 @ 9:45 AM

If 2016 taught us anything, it’s that the global supply chain can’t expect a continuation of the status quo, and even the surest predictions can be wrong. With last year’s tumultuous end in the rear-view mirror, global companies powering ahead into 2017 must be ready for regulatory change – both the predicted and unexpected.

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Topics: Duty Management, Import Compliance, Export Compliance, Trade Agreements

What Importers and Exporters Need to Know About the WTO Trade Facilitation Agreement (TFA)

Posted by Jonathan Dicks on Thu, Feb, 23 2017 @ 3:45 PM

Billed as a “major milestone for the global trading system”, the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) entered into force on February 22, 2017. It is the first multilateral agreement concluded since the creation of the multi-country trade-focused body in 1995. The TFA negotiations concluded during the Bali Ministerial Conference in 2013, but finally went into force yesterday after two-thirds of its members ratified the agreement.

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Topics: Duty Management, Global Trade Management, Trade Agreements

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

Polaris Conquers Future Challenges in Digitization, Globalization, and Scalability

Posted by Kelsey Barker on Wed, Jan, 25 2017 @ 12:09 PM

Looking to 2017 and beyond, the stakes for supply chain leaders continue to rise. Executives at the SCM World Live Americas conference next week will learn how Polaris is automating its global supply chain activity to address current and future challenges in digitization, globalization, and scalability:

  • Eliminated or mitigated trade flow gaps
  • Ensured quality trade procedures
  • Optimized internal and third-party resource utilization

Using digital supply chain touch points and a new resource structure, Polaris has successfully created a strong foundation built for scale and flexibility. 

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Topics: Import Management, Trade Agreements, Global Supply Chain

Santa Replaces Reindeer-Based Visibility System to Tackle Cross-Border elf-Commerce

Posted by Kelsey Barker on Thu, Dec, 22 2016 @ 4:27 PM

The original pioneer in cross-border elf-Commerce, North Pole Industries (NPI) has had to adapt with the times just like any other retailer. The key, Santa says, is investing in technology and making process changes in advance of the holiday season.

“We needed to brace ourselves against disrupters that could send our supply chain into a tailspin the night before Christmas,” says Santa, Chief Executive Elf of NPI.

To that end, NPI has worked to automate and track nearly all of its global trade operations with Amber Road’s Trade Automation solution suite. The first step was the most crucial in a deadline-based industry: automating NPI’s trade compliance processes to ensure that Santa’s sleigh doesn’t get caught up in Customs on its way to chimneys around the world. Amber Road’s Restricted Party Screening tool, backed up by its extensive Global Knowledge® database, guarantees that only good little girls and boys are on the approved toy recipients list.

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Topics: Retail, Apparel, Supplier Management, Supply Chain Visibility, Trade Agreements, Global Supply Chain, Trade Compliance

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, Trade Agreements, Global Supply Chain, Supply Chain Risk 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, 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, 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, Trade Agreements, Product Claim Details