Moving Out Of China Isn't So Easy

Posted by Daniel Smith on January 22, 2019

There has been a lot of recent buzz about companies relocating sourcing or manufacturing out of China. It’s easy to understand why. Supply chains are running at full steam as the economy is booming in many parts of the world, while in other parts economies are taking a hit from obstacles to open commerce and trade. Protectionist trade policies have led to new tariffs – actual and potential – and the accompanying cost increases have led to a general attitude of trade uncertainty, specifically between the US and China.  According to an Amber Road and AAEI 2018 report on Trade Trends, 77% of US importers surveyed consider shifting trade policies as their top challenge in the road ahead.  More than half of these companies also rank the cost of goods sold as their top concern. These higher tariffs add to the total landed cost, eventually affecting the price on the shelf.

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Topics: China Trade Management, Duty Management, Free Trade Agreements, Bill of Material Qualification

Free Trade Agreement Audits – Are Your Goods Really Duty Free?

Posted by Suzanne Richer on November 15, 2018

Claiming preferential treatment under any free trade agreement is fairly easy. Statements on the commercial invoice or accompanying certificates at the time of import are enough for your customs broker to claim the lower duty rate on your behalf. Proving eligibility of a reduced duty claim is quite the opposite, whether you are an importer, exporter, or the producer of the good.

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Topics: Duty Management, Product Classification, Free Trade Agreements, Bill of Material Qualification

The Story of that Yarn: BOM Qualification

Posted by Gary M. Barraco on November 15, 2016

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

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