The Importance of Global Trade Content for Managing Free Trade Agreements

Posted by Anthony Hardenburgh on Thu, Jun, 7 2012 @ 5:35 PM

Users also need to Understand the Trade Content that Powers their Solutions

On May 14, 2012, President Obama signed the presidential proclamation that put the US-Colombia free trade agreement into force. Designed to promote the flow of certain goods and services between the countries, the free trade agreement was years in the making.

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Topics: Duty Management, Global Trade Content, Trade Regulatory Content, Trade Agreements

Agility Just Might be Given the Ability to Move on...Indictment Free

Posted by Caroline Brown on Mon, Sep, 13 2010 @ 7:28 AM

A recent decision by the U.S. District Court served as a major victory for Agility Logistics, a global supply chain management company who has been charged with defrauding the U.S. military of $68 million on a food supply contract with several countries in the Middle East. U.S. Magistrate Judge Alan Baverman ruled that the Justice Department failed to properly serve the company with an indictment. Agility argued that the U.S. government should have delivered papers to its parent company, Public Warehousing Co, which is in Kuwait. Instead, papers were delivered to the U.S. office of its Agility Defense & Government Services unit.

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Topics: Global Trade Content, Trade Regulatory Content

USDA Reports on Karnal Bunt Phytosanitary Wheat Export Certificates

Posted by Caroline Brown on Fri, Sep, 3 2010 @ 12:56 PM

The USDA's Economic Research Service has issued a report on Karnal bunt (KB), a wheat disease of limited distribution in the United States, as affected areas are quarantined to limit spread of the disease. Currently, the KB regulatory program allows the USDA to issue phytosanitary export certificates stating that a wheat shipment is from an area where KB is not known to occur. Some in the wheat marketing chain, particularly elevator operators, find the regulatory program burdensome and advocate ending it. A model developed by the ERS was used to analyze the market effects of ending the certification. An average annual loss of 15.1% in export markets for US wheat producers would be only partially offset by increased use of lower priced wheat for domestic livestock feed.

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Topics: Global Trade Content, Trade Regulatory Content

OFAC Settles With Oil Equipment Company

Posted by Caroline Brown on Thu, Jul, 1 2010 @ 11:15 AM

The Treasury Department states that the Office of Foreign Assets Control announced an $860,000 settlement with Agar Corporation, Inc. (ACI), an oil field equipment company. ACI participated in the unlicensed export of oil and gas production equipment for use in Sudan, which is in violation of the Sudanese Sanctions Regulations.

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Topics: Global Trade Content, Trade Regulatory Content

Regulatory Update (Europe)

Posted by Caroline Brown on Thu, Nov, 19 2009 @ 9:21 AM

EU

Changes have been made to the European Union Tariff Rate Quota, specifically pertaining to high quality beef and sugar. The following HTS chapters are affected: 02 and 17.

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Topics: Global Trade Content, Trade Regulatory Content

Regulatory Updates (Americas)

Posted by Caroline Brown on Mon, Nov, 16 2009 @ 11:17 AM

ARGENTINA

New import certificate requirements have been established for certain products. The following HTS chapters are affected: 28, 48, 51, 52, 54, 55, 60, 61, 62, 65, 84, and 87.

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Topics: Global Trade Content, Trade Regulatory Content

Trade Watch

Posted by Caroline Brown on Thu, Nov, 12 2009 @ 7:04 AM

US and EU Issue Joint Trade and Climate Change Declaration, Annexes

The White House has posted the US-European Union Joint Declaration and Annexes from their recent summit. Both the US and the EU have agreed to promote an international climate change agreement in Copenhagen. Leading by example, they will fight protectionism by respecting the G-20 commitments to refrain from raising or imposing new barriers to trade and investments. Lastly, the US and EU will make determined efforts to seek the conclusion of a Doha Development Agenda agreement in 2010.

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Topics: Global Trade Content, Trade Regulatory Content

Regulatory Update

Posted by Caroline Brown on Wed, Nov, 11 2009 @ 12:34 PM

The UK has updated its export controls, revoking OGEL Computers. The flags for OGEL LVS, OGEL Turkey, and OGEL Hong Kong have also been updated. The following categories are affected: 1, 3, 4, 5, 6, and 9.

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Topics: Global Trade Content, Trade Regulatory Content

Regulatory Update (Europe)

Posted by Caroline Brown on Wed, Nov, 4 2009 @ 5:53 AM

An update has been made to the European Union export embargoes and sanctions. An arms embargo against The Republic of Guinea has been added.

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Topics: Global Trade Content, Trade Regulatory Content

Trade Watch

Posted by Caroline Brown on Fri, Oct, 30 2009 @ 5:35 AM

The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has targeted senior leadership of the Kongra-Gel, designating them as significant foreign narcotics traffickers. Pursuant to the Kingpin Act, this designation freezes any assets the three designees may have under US jurisdiction and prohibits US persons from conducting financial or commercial transactions with these individuals.

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Topics: Global Trade Content, Trade Regulatory Content