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

EU-Vietnam Trade Agreement Underlines Environmental and Social Considerations

Posted by Gary M. Barraco

One indicator of the impact climate change is making on Vietnam is the migratory shift of inhabitants from the agriculturally-rich Mekong Delta to urban areas. According to government statistics, more than 1.7 million residents have relocated out of the vast expanse of fields, rivers and canals over the last ten years. Natural disasters have vexed the regional farmers trying to make a living of rice, shrimp, and fruit production and harvesting for export. One in-depth study on migration in deltas revealed that climate factors such as extreme floods, cyclones, erosion, and land degradation play a role in making natural resource-based livelihoods more difficult, further encouraging inhabitants to migrate.

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Topics: Risk and Quality Management, Facility Compliance, Supplier & Product Traceability, Free Trade Agreements

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

Webinar: Trade Updates for NAFTA, ACE, and Anti-Dumping Investigations

Posted by Kelsey Barker

Summer is ending, and it’s time to study up! Between CBP’s ACE updates, NAFTA re-negotiations, and anti-dumping and countervailing duties investigations – a lot of updates are expected in August.

So sharpen your pencils, organize a new binder, and tune in to Global Trade Academy’s webinar next week with international trade lawyer Robin Grover.

 

Trade Updates for NAFTA, ACE, and Anti-Dumping Investigations

Tuesday, August 21, at 2PM EST

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Topics: Free Trade Agreements, Import Customs Filing, Export Customs Filing

Webinar: Trade Legislation Changes Around the World – Translated!

Posted by Kelsey Barker

Como está?

Zěnmeliǎo?

Translated: what's happening?

It may seem like you need a translator to understand the scope of rapid policy shifts in international trade, especially as countries like Canada, Brazil, and China respond to increased US tariffs and restrictions. 

Instead of turning to Google Translate, tune in to our upcoming webinar, where Suzanne Richer, Director of Trade Advisory Practices at Amber Road, will expand on how US trade changes have impacted legislation in other countries. 

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Topics: Trade Compliance, Trade Regulatory Content, Free Trade Agreements

Your To-Do List For Getting Brexit-Ready

Posted by Julia Gorman

The votes are in and the United Kingdom has chosen to leave the European Union. Brexit arose on June 23, 2016, when British citizens decided to cut ties with over 40 years of treaties and agreements that covered thousands of different subjects. Now, Brexit is scheduled to fully officiate by Friday 29 March, 2019, which means the countdown has already begun.

Amber Road’s new eBook, Getting Brexit-Ready in 2018, is your go-to guide for preparing for the major changes that Brexit will bring. In this case, 'major' means that all aspects of cross-border movement in Great Britain will be impacted. 

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Topics: Free Trade Agreements, Global Trade 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

Millions in Duty Savings with Amber Road’s Trade Agreement Solution

Posted by Julia Gorman

If your organization doesn’t leverage free trade agreements (FTAs), you’re likely missing out on significant cost savings. Or maybe your organization does leverage FTAs, but your manual processes are extremely complex and time consuming. With hundreds of available FTAs, each being unique in its qualification requirements, there are many benefits to be sought.

That's why global organizations implement duty management software to combat the complexities of free trade agreement qualifications. The new case study, Premium American Brand Saves Millions in NAFTA Duties with Amber Road, tells the story of an American born company known for creating and selling home maintenance products.

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Topics: Duty Management, Free Trade Agreements

Benjamin Moore Saved Millions with Duty Management Software - Could You?

Posted by Mandy Hyde

The majority of global trade professionals realize that their company could potentially save millions of dollars annually in duties and taxes by qualifying for various free trade agreements (FTAs). Unfortunately, many organizations fail to leverage even one FTA due to the complex and dynamic regulatory environment associated with each one. Attempting to manually qualify for an FTA can be incredibly daunting, and many of the companies using outdated duty management software could not only be paying millions of dollars more than necessary, but are also suffering from an extreme loss in productivity.

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Topics: Duty Management, Free Trade Agreements

Amber Road's Rules of Origin Search Tool Facilitates the Analysis Process

Posted by Ty Bordner

Lowering or eliminating your customs duties by leveraging free trade agreements or trade preference programs is a smart business strategy. There is an essential requirement to free trade agreement utilization: validating the product against its Rule of Origin (i.e. qualification).  These rules define the criteria by which a product is eligible for participation in the trade program.  When a product is wholly obtained and produced in a single country, it is relatively easy to determine its eligibility.  Difficulties arise in determining eligibility of goods manufactured in, assembled in, or using materials originating in, more than one country.

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

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