Why Duty Drawback is Making a Comeback

Posted by Lacey Pierce on June 4, 2019

It is estimated that over $600 Million is recovered annually through the US Duty Drawback program and that is only 15% of the drawbacks that are available. This means that 85% of potential drawbacks are not being claimed each year, according to U.S. Customs. Are you leaving a savings opportunity on the table? This is exactly what Matt Robeson, Product Manager at Amber Road, talks about during his appearance on the Talking Logistics podcast.  During the 30 minute interview, Matt explains what a duty drawback is, how to qualify for it, why it has been brought to the forefront of global trade in 2019, and how companies can start implementing their own drawback process.


Read More

Topics: Duty Management, Foreign-Trade Zones, Product Claim Details and Storage

Free Trade Agreements Create Compliance Headaches

Posted by Mollie Leon on October 6, 2016

Free trade agreements (FTAs) open up market access between signatory countries by reducing barriers to trade, which makes it easier and more cost effective for U.S. companies to export their products and services to trading partner markets. However, this process isn't always that easy. For many trade compliance professionals, the most complex challenge is understanding and navigating the various “rules of origin.” Rules of origin are highly complex and technical rules that describe how exported goods shipped to a country or region may qualify for duty-free or reduced-duty benefits under the applicable trade agreement.

Read More

Topics: Duty Management, Certificate Management, Free Trade Agreements, Product Claim Details and Storage

Learn to Ensure Consumer Product Safety at ICPA 2016 Next Week!

Posted by Anthony Hardenburgh on March 8, 2016

Let’s say you’ve just imported a shipment of hoverboards to sell in the United States. You have screened all trading partners, tracked your shipment, ensured import compliance, and minimized your duty payments. However, your hoverboard isn’t legal to sell in the US just yet – it needs a label, and the guidelines surrounding packaging can be just as complicated as all the other steps you just completed.

Consumer Product Safety regulations and other OGAs exist to prevent customer deception (or facilitate value comparisons) about package contents, ingredients, size, manufacturer, and other concerns.  Any deception or non-compliance can result in heavy fines, revoked license to sell, and unflattering brand attention. So how does a company ensure that it remains compliant?

Read More

Topics: Import Compliance, Product Classification, Product Claim Details and Storage, Product Testing

Free Trade Agreements have become more popular (and challenging) than ever

Posted by Kelsey Barker on August 9, 2013

We’ve all seen the statistics on how much global trade is expected to grow in the next few years. With that growth comes a multitude of free trade agreements: there are more than 500 FTAs today. William Methenitis, Global Director of Customs and International Trade at Ernst & Young, told Treasury & Risk this week that the pace at which new agreements are being put in place is accelerating.

Read More

Topics: Duty Management, Trade Agreement Identification, Free Trade Agreements, Product Claim Details and Storage

Take Advantage of Free Trade Agreement Benefits

Posted by Annika Helmrich on April 23, 2013

Manufacturers can spend almost 50 percent of revenue on purchasing parts alone, which places low-cost sourcing at the top of any business strategy. To maximize your company’s savings, look no further than free trade agreements (FTAs).

Read More

Topics: Duty Management, Certificate Management, Free Trade Agreements, Product Claim Details and Storage

Take the NAFTA Benchmarking Survey

Posted by Annika Helmrich on May 21, 2010

Are you interested in learning about the best practices of firms qualifying product for NAFTA and other Free Trade Agreements?

Read More

Topics: Duty Management, Free Trade Agreements, Product Claim Details and Storage

‘Made in America’ rules are complex, confusing (NO KIDDING) Part 2

Posted by Annika Helmrich on April 8, 2010

In Part 2 of my "Made in America" feature, let's take a look into the requirements for a product to be considered "Made in America."

Read More

Topics: Duty Management, Free Trade Agreements, Product Claim Details and Storage

Brazil May Levy 100% Duties On US Goods in January 2010

Posted by Caroline Brown on November 18, 2009

The following information is courtesy of Sandler, Travis & Rosenberg, PA.

Importers Have Short Time to Comment
Before Retaliation List Finalized

The Brazilian Chamber of Foreign Trade (CAMEX) published Nov. 9 a list of 222 items (click here for full list [PDF]) of U.S.-origin products that may be subject to retaliatory duties of up to 100% beginning in January 2010. The World Trade Organization ruled in August that Brazil may impose these duties because the U.S. has failed to comply with an earlier WTO ruling against subsidies provided to U.S. cotton growers. Brazil is now claiming the right to retaliate against up to US$900 million in U.S. goods and services.

Brazilian imports of the U.S. goods on the CAMEX list are valued at US$2.7 billion, representing 10.6% of all goods imported from the U.S. in 2008. Industry and commercial associations and other entities now have until Nov. 30 to provide input on the listed products. After considering domestic industry and consumer interests, CAMEX will develop a final list of about US$450 million worth of U.S. goods and present it to the WTO for approval. These products will then be subject to import duties of up to 100%.

Read More

Topics: Duty Management, Product Claim Details and Storage

Cookie Settings