The Importance of the EEA Agreement for Global Business

Posted by Arne Mielken

Amber Road recently participated in a seminar on the European Economic Area (EEA) in Brussels and is providing this report on the main outcomes. The seminar allowed Amber Road’s staff of in-house trade specialists who provide up-to-date content to its Global Knowledge® database, to obtain a thorough, first-hand understanding of the Agreement on the European Economic Area (EEA) and how it integrates Iceland, Liechtenstein and Norway into the EU’s Internal Market.


The Global Knowledge database consists of regulatory controls, restricted party screening lists, product classification data, landed cost data and trade documentation required for global shipments for 160+ countries. Amber Road’s trade specialists gather, translate, interpret and update country-specific trade regulations on a daily basis to maintain the most comprehensive and robust database of global trade content, government regulations, and international business rules available today. A deep understanding of the functioning of the EEA Agreement and the European Free Trade Area (EFTA) are fundamental for the success of Global Knowledge® in Europe.

Here are the key takeaways from the presentations by the EFTA Secretariat, the EEA and Norway Grants, the EFTA Surveillance Authority and the EFTA Court on the day-to-day operation and management of the EEA Agreement, including recent developments and challenges.

Read More

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

UK Aims to Prep Businesses in Case of No-Deal Brexit

Posted by Gary M. Barraco

With just over six months to go before the ongoing divorce saga of Brexit is finalized, the UK government is preparing businesses for the possibility of a ‘no-deal Brexit’. In this scenario—which they insist is really, really unlikely—the UK and the EU will split on March 29, 2019 without an agreement in place outlining their new relationship. This would affect every business in the EU and UK that conducts cross-border trade, along with companies that currently export to the UK under EU rules.

Read More

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

Digitization Creates a Strong Value Chain: Generating Cost Reductions

Posted by David Hamilton

Most business decisions are determined by money, whether its revenue generated or potential savings. Due to increasing globalization in today’s markets, coupled with an unstable regulatory environment, global supply chains are becoming more complex than ever before. This has increased the difficulty of simple day-to-day operations, let alone optimizing costs. The current influx of multiple transportation routes and carriers, updated government regulations, and several other factors will continue to bring hardship unless a strong value chain is obtained.

Read More

Topics: Global Supply Chain, Supply Chain Visibility, GTM Best Practices, Global Trade Management Software, Global Knowledge

Brexit: Journey to the Unknown

Posted by Arne Mielken

On March 29, 2019 the United Kingdom will leave the European Union – and with it the customs union, the EU’s common commercial policy and the European single market, which had hitherto committed the UK to the free movement of labor. Yet with Brexit only some months away, future customs arrangements between the negotiating parties remain totally unpredictable. The uncertainty is poison to global trade.

When we leave the EU, we will also leave the EU Customs Union.”

This was the guiding principle under which the United Kingdom, on its way out of the European Union, first submitted ideas about a future customs collaboration with the EU, including the outline of an independent customs bill.

Read More

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

Amber Road and Dow Jones Partner to Deliver Expanded Restricted Party Screening Capabilities

Posted by Kelsey Barker

Today, Amber Road announced a new partnership with Dow Jones Risk & Compliance to offer enhanced Restricted Party Screening (RPS).

Read More

Topics: Restricted Party Screening, Export Violations, Export Compliance, Import Compliance, Global Knowledge, Global Trade Content

Staying Grounded in Today’s Global Trade Management Landscape

Posted by Julia Gorman

The landscape of global trade management has never achieved a consistent pace, and likely never will. Uncertainty has grown to be synonymous with the global trade climate, making it nearly impossible for importers and exporters to maneuver effortlessly. As one might say, a lot of things are up in the air.

Amber Road is proud to sponsor American Shipper’s Global Trade Management Landscape Report: Up In The Air. The report reflects research that exposed an urgent need for global companies to consider initiatives that structure their data and assess how trade policy changes might impact their organizations. The report nods to global trade management systems and services as the most effective solution to global operations. 

Read More

Topics: Global Trade Management, Global Knowledge

Trade Relations are Building a Bigger Wall Between the US and China

Posted by Gary M. Barraco

The tête-à-tête regarding trade between China and the US, the world’s two largest economies, has reached a new level. On Tuesday, April 3rd, the US Trade Representative (USTR) issued a list of over 1,300 products that when imported from China, would carry an additional 25 percent duty. The action doesn’t come as a surprise as both nations have been at odds over President Trump’s open position on the trade imbalance.

Read More

Topics: Global Trade Content, Global Knowledge

Trade Sanctions Update: The Hotbed Gets Hotter

Posted by Gary M. Barraco

In recent years, importers and exporters have needed to stay on their toes regarding changes to trade rules of all kinds, and that is rightly causing trepidation. 

Economic and trade sanctions are the most widespread and powerful means of displaying disdain for one country’s actions on the world stage. Unilateral or bilateral sanctions are strong penalties that restrict trading activity of goods imported from or to a country. They might also be used to assess duties on particular goods in retaliation for another country’s trade sanctions.

Read More

Topics: Export Management, Restricted Party Screening, Import Management, Export Compliance, Import Compliance, Global Knowledge

As Trade with India Grows, Trade Automation Helps Pave the Way

Posted by Ty Bordner

The latest trade data from the U.S. Census Bureau shows a steep increase in U.S. exports to India for 2017 – 18 percent – making it our 15th largest export market. India is the 11th biggest importer of goods to the U.S. as well, growing by a modest 5.6 percent from 2016 to 2017. The second-most populous country in the world, India is home to 1.3 billion people and a growing middle class. These figures help explain why India is increasing in attractiveness to U.S. companies looking to expand their global footprint.

Read More

Topics: Global Trade Content, Trade Regulatory Content, Trade Content Specialists, Global Knowledge

Gulf Cooperation Council (GCC) Implements a New VAT

Posted by Kristine Bols

Companies importing into the GCC States (Gulf Cooperation Council: Kuwait, UAE, Saudi Arabia, Oman, Bahrain and Qatar) will no longer be able to move their goods across borders tax-free. Effective January 1, 2018, a 5 percent Value-Added Tax (VAT) rate will be implemented, based on a 2015 Agreement laid-out at the 36th Meeting of the Supreme Council of the in Riyadh. The Agreement aims to establish a common legal framework for the introduction of a general tax (VAT) levied on the import and supply of goods and services at each stage of production and distribution.

Read More

Topics: Global Knowledge, Product Classification

Cookie Settings