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

Posted by Suzanne Richer

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 New NAFTA Takes Shape as USMCA

Posted by Gary M. Barraco

After months of discussion and to-and-fro activity, the US and Canada reached a late hour agreement on a framework for a renewed trilateral trade agreement that will replace NAFTA. The “US-Mexico-Canada Agreement” or USMCA is a “new, modernized trade agreement”, according to the joint statement released on Sunday evening by US Trade Representative Robert Lighthizer and Canadian Foreign Minister Chrystia Freeland — the two top negotiators on USMCA.

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

Duty Drawback Simplification: Your Questions Answered!

Posted by Kelsey Barker

Drawback Simplification regulations are finally here, and they’re a game-changer for importers and exporters looking to recover duties and fees. Companies can now go back five years for duty drawback claims, but you need a plan. Earlier this month, Amber Road’s Global Trade Academy hosted a webinar with Drawback Specialist Brenda Sweetman to cover these important updates.

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Topics: Duty Management, Import Management, Export Management, Product Classification

Game-Changing Duty Drawback Simplification is Here – Are You Ready?

Posted by Kelsey Barker

Duty Drawback Simplification regulations are finally here, and they’re a game-changer for importers and exporters looking to recover duties and fees. Companies can now go back five years for duty drawback claims, but you need a plan.

Join Amber Road’s Global Trade Academy for a complimentary webinar this Thursday, September 13, at 2PM EST, with Drawback Specialist Brenda Sweetman.

Brenda, along with Global Trade Academy’s Suzanne Richer, will walk you through the key points in the proposed regulations:

  • The items the CBP has settled – and what they still have to negotiate
  • A timeline: how and when to apply
  • The eligibility of brand new tariffs for drawback

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Topics: Duty Management, Import Compliance, Export Compliance

Navigating Your Way Through Global Trade Uncertainties

Posted by David Hamilton

Today’s global trade market, subject to volatility and constant changes, presents several challenges to international companies and their supply chains. Risks to supply chains are normally categorized into issues such as production errors, unanticipated weather events, labor disputes, and qualms with supplier reliability. While these are all legitimate fears that any sensible company should monitor, special attention should also be paid to addressing global trade uncertainties—modifications in economic and political trade policies that precede shifts in regulatory compliance standards.

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

Tit-for-Tat Tariffs Call for Closer Calculations

Posted by Gary M. Barraco

Uncertainty over trade tariffs is already putting the squeeze on US companies. The recent tit-for-tat moves by the US and China sent ripples across the markets that turned into bigger waves across supply chains around the world. But this and other trade mêlées are adding another level of risk to cross-border shippers that go deep. Companies have to be agile enough to react to these and other changes and adapt their supply chains to avert disaster.

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Topics: Landed Cost Calculation, Duty Management

Customer Story: China Trade Made Easier

Posted by Joseph Gabro

Tariffs...protectionism...trade wars?! While trading internationally with China has always been a difficult task, recent headlines make it seem like an impossible endeavor! But that is far from the truth. It is important for companies engaging in import and export activities in China to take into account all components of the supply chain and be proactive in an ever-changing environment. This global apparel leader did just that and enhanced their global supply chain capabilities as a result!

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Topics: Duty Management, China Trade Management, Free Trade Agreements

Tax Triumphs & Trade Troubles: What You Need to Know for 2018 Cross-border Trade

Posted by Paris Riley

They say that two things are certain: death and taxes. But another certainty is that once you've built your business around a particular tax structure, it will change.

Since the new tax plan was officially announced three months ago, companies that operate in or with the United States are still scrambling to understand it, especially along with new trade restrictions, import regulations, and tariffs. Some changes, such as the import restrictions on solar panels and washing machines, have been released in full, but others remain mere speculation, making import compliance all the more difficult this year.

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Topics: Import Management, Duty Management

Brexit Resources: Are Your Import and Export Compliance Teams Ready?

Posted by Joseph Gabro

We are officially one year away (well, 367 days if you want to be exact): On March 29, 2019, the United Kingdom is scheduled to leave the European Union. While Britain is still searching for an independent customs bill that could legislate trade relations outside customs union membership, global trade professionals must prepare for the various scenarios at hand. Although we have known about this impending Brexit since June of 2016, many questions are left unanswered - are your import compliance and export compliance teams ready for the challenges ahead?

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

The Odds Aren’t in Favor of Your Global Sourcing and Logistics Relationship

Posted by Julia Gorman

Only 1 in 4 shippers connects sourcing and logistics on a single platform. If your organization falls into the majority (and the odds are you do) you likely miss out on opportunities to optimize global performance through the utilization of free trade agreements.

Recent American Shipper research reveals that the odds aren't in favor of your global sourcing and logistics relationship, as illustrated by Amber Road's infographic: Bridging the Sourcing-Global Trade Divide.

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Topics: Global Sourcing, Trade Compliance, Transportation Management, Duty Management, Import Management, Export Management

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