And Then There Were 11: the TPP Moves on Without the US

Posted by Gary M. Barraco

It was a busy Saturday at the Asia-Pacific Economic Cooperation (APEC) Summit as trade ministers from 11 countries announced an agreement to push ahead with a trade deal whose destiny was uncertain after President Donald Trump dropped out a few months ago. Despite the US decision to pull out of the Trans-Pacific Partnership (TPP) free trade pact to pursue an ‘America First’ protectionist trade agenda, the remaining 11 countries came away with a blueprint to start trading more freely between themselves in a resurrected form of the TPP deal. 

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

Apparel Importers Stay in Vogue with Trade & Transportation at USFIA's Conference

Posted by Julia Gorman

For the past 29 years, United States Fashion Industry Association (USFIA) and the American Import Shippers Association (AISA) host the Apparel Importers Trade & Transportation Conference. As the premier annual event for the fashion industry’s trade and transportation community, the conference gathers over 200 industry executives. 

Amber Road is excited to attend and sponsor this year’s 29th Annual Apparel Importers Trade & Transportation Conference on November 15, 2017 in New York City. As the Mobile App Sponsor, Amber Road will introduce the event app where attendees can plan their agenda, network, and access exclusive conference resources.

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Topics: Duty Management

A Step in the Right Direction: Tariff Reductions Ahead

Posted by Gary M. Barraco

Instead of a trick this Halloween, the footwear industry got a big treat as the US Congress put its best foot forward to provide duty-free access for some footwear products through the Generalized System of Preferences (GSP) program. As part of the proposed GSP Footwear Act of 2017, outdoor footwear, low-cost rubber sole shoes with textile uppers, and slippers could be considered for duty-free savings. In particular, imports of protective active footwear, like certain hiking, trekking and running shoes could see the elimination of existing duties which are as high as 20%. If approved, the industry gains an estimated $57 million per year in duty savings. Certain footwear not produced domestically would be eligible to be added to GSP for the first time since the program was enacted over 40 years ago.

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Topics: Duty Management

Webinar: Leveraging Free Trade Agreements: The Hidden Benefits

Posted by Mandy Hyde

Most global trade professionals are aware that free trade agreements, such as NAFTA, CAFTA, and the plethora of bilateral trade agreements can save companies millions of dollars annually in duties and taxes. This is turn creates an attractive opportunity for exporters to grow their business overseas by making their products more affordable in growing markets. Unfortunately, many organizations choose not to leverage FTAs due to the complexity and dynamic regulatory environment associated with each unique FTA. Trade professionals who still use manual or outdated FTA management solutions could be paying up to several million dollars more than necessary each year.

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Topics: Duty Management, Free Trade Agreements

EU-Japan Economic Partnership Agreement: What Does It Mean for You?

Posted by Kelsey Barker

Japan and the EU account for more than a third of the world’s GDP, so the upcoming EU-Japan Economic Partnership Agreement (EPA) has businesses from both continents evaluating the impact of this landmark agreement as it nears its negotiation and launch. The impact on tariff and non-tariff measures alike are substantial and provide opportunities for companies of all sizes.

Join Amber Road’s Global Trade Academy for a webinar tomorrow, Tuesday, September 26, at 2PM EST, to explore some of the agreement’s key aspects, with contributions from Suzanne Richer, Director of Amber Road’s Global Trade Academy, and Nick Boland, Director of Solutions Consulting EMEA.

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Topics: Duty Management, Free Trade Agreements

BREXIT, THE BUMPY ROAD AHEAD: EU Tariff Rate Quotas

Posted by Arne Mielken

Negotiations have resumed in Brussels over Britain’s exit from the European Union (EU). Since the last round of talks in July, the United Kingdom (UK) has published a series of position papers on various Brexit issues, including the future customs cooperation with the EU (Open for Business: Customs at the Forefront of the UK’s New Special Partnership with the EU). There is also talk of a transition for the immediate period after Brexit. Real chances of discussing these issues are not dependent on Great Britain alone, but on what transpires at an EU October summit authorizing the start of trade negotiations.

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Topics: Duty Management, Global Trade Content, Global Knowledge, Trade Content Specialists

EU & Canada Confirm: “We Are Ready To Apply CETA This Autumn!”

Posted by Arne Mielken

On July 8, 2017, at the G20 meeting in Hamburg, Germany, the EU and Canada officially announced the provisional application of the Comprehensive Economic and Trade Agreement (CETA) - the modern-day Free Trade Agreement (FTA) between the EU and Canada. The date of implementation has been officially set for September 21, 2017. Canadian Prime Minister Justin Trudeau said that "98 percent of the CETA agreement will take effect on 21 September."

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Topics: Duty Management, Free Trade Agreements

EU and Japan Moving Forward with Historic Free Trade Agreement

Posted by Nick Boland

After four and a half years of negotiation, it is looking increasingly likely that the EU-Japan Economic Partnership Agreement (EPA) will be concluded toward the end of 2017. Successful meetings in April and July, backed by strong supporting messages from both sides, means that this landmark deal will create an agreement that aligns two economies accounting for more than a third of the world’s Gross Domestic Product (GDP).

To add some scale to what that translates into, there are about 74,000 EU companies that export to Japan (source: eu.europa.com) paying in excess of €1 billion per year in tariffs, along with some 600,000 jobs supported by EU trade with Japan.

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Topics: Duty Management, Free Trade Agreements

Trump Extends Duty Savings Programs for Travel Goods to All GSP Countries

Posted by Gary M. Barraco

On July 5, 2017, President Trump signed a proclamation officially granting duty free benefits on 28 lines of travel goods to all GSP countries. The U.S. travel goods industry had been impatiently waiting for this announcement since last June, when the Obama Administration granted only a limited number of countries.  

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Topics: Duty Management

Amber Road Expands Free Trade Agreement Solution

Posted by Julia Gorman

Amber Road offers the broadest GTM solution footprint on the market, a breadth that has now grown by 89 trade agreements. Amber Road’s Free Trade Agreement (FTA) Management solution automates the supplier solicitation, qualification and certificate management processes for importers and exporters. These duty saving and efficiency boosting capabilities now cover over 120 FTAs across the globe.
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Topics: Press Releases, Amber Road News, Duty Management