Anyone surprised by this new report? According to the New York Times, the recession has made companies more conservative on price. So now, these companies are looking to Chinese suppliers, who have reduced prices, making it possible to grab the majority of the market share. Companies around the world are switching to China to cut costs and save money, making it easier for Chinese suppliers to gain leads in old markets and obtain new ones. China has surpassed Germany on exports this year and has become America's number one importer (formerly Canada).

Canada Waives Portion of Export Certificate Fee

Canada's Governor General in Council has ruled that the collection of certain fees relating to export certificates is unreasonable and unjust. Following the recommendation of the Minister of Agriculture and Agri-Food and the Treasury Board, she has granted remission of the portion of the fee that exceeds $75.00 for the issuance of an export certificate for live animals or embryos during the period beginning on October 1, 2009 and ending on September 30, 2011. (Assuming that an accredited veterinarian provided the inspection services on which the export certificate is based.) Click here for further information.

Even as oil prices rise, people are still worried about the state of the economy, but things are beginning to look up. Today the Wall Street Journal posted an article entitled, “U.S. Trade Gap Shrinks as Exports Rise.” This short but positive article by Tom Barkley states that the United States trade deficit shrank for the first time in months this past August.

This narrowing of the trade gap is mostly due to the increase in exports, which are at the peak for the year. Exports rose to $128.22 billion, the highest level since they were $132.92 billion last December. Imports also fell for the first time since May, dropping by about $1,000,000,000. This is a definite Global Trade Success!

Trade export may be on the rise, according to Forbes. South Korea reported a more slowed decreased than in the last eleven months. China and the United States have seen an increase in demand, which experts believe that global trade may be on the rebound.

Trade compliance professionals are invited to participate in an industry survey on companies’ uses of an Export Management System.

With the results, we hope to advance industry knowledge of best practices and better understand export compliance operations and processes across a wide spectrum of organizations.

World Trade Magazine recently published the results of a survey that asked Chinese toy and game suppliers its plan to strengthen its export markets within the next 12 months.

According to the Wall Street Journal, consumers do not show a postive outlook to the economic upturn although exports have strengthened.

The BIS has implemented the eased export restrictions, first signed into law by President Obama on April 13rd, 2009. The BIS's Export Arms Regulations are now updated to reflect the following changes:

The Tennessee professor convicted of export control violations will be sentenced on July 1st.

Although posted in April 2008, Supply Chain Digest has a good article for anyone searching for a Trade Compliance Application: Five Surprises from a Trade Compliance Application. Most trade compliance experts know what they want to achieve with a new system - but this article does a good job differentiating what you need to prevent 'surprises' after you have started using the application, such as: