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.

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

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 Regulatory Content, Free Trade Agreements, Trade Compliance

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.

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

NAFTA 2.0 – Round One of Negotiations

Posted by Jonathan Dicks

The first round of negotiation meetings of North American Free Trade Agreement (NAFTA) 2.0 were held in Washington D.C. on August 16-20, 2017. The negotiating parties convened to modernize the NAFTA agreement (implemented in 1994) at the request of the Trump Administration. Trump has repeatedly threatened to withdraw from the Agreement, unless new terms (favorable to the U.S.) are struck.

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

Amber Road Supports New Free Trade Agreements

Posted by Gary M. Barraco

Globalization and protectionism is driving a new business paradigm for supply chains – a vigorous international debate on the parameters of free or preferential trade. From a strategic and global perspective, Brexit could be the first wave of de-globalization and growing populism in other nations. But President Trump’s driven agenda continues to cause turbulence worldwide as other countries look to strike bilateral trade agreements rather than stay in the previous regional ones.

With approximately 500 regional and preferential trade agreements now in place across the globe, companies can benefit from the lowered duty rates and trade barriers that come with these free trade agreements (FTAs). But managed ineffectively they also pose huge compliance risks. FTA information needs to be constantly updated to ensure accurate origin determination for making a claim.

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Topics: Trade Regulatory Content, Free Trade Agreements

Global Knowledge Advance Notification Twitter Roll-Out

Posted by Anthony Hardenburgh

Amber Road maintains the most comprehensive and robust database of global trade content, government trade regulations, and international business rules available today. We cover over 145 countries, roughly 95% of world trade making our trade content and content management process the best in the industry. This is the secret to our success and it's what makes us the world leader in global trade management software solutions and services.

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Topics: Global Trade Management Software, GTM Best Practices, Trade Regulatory Content, Global Knowledge

Video Series Chapter 7: Global Knowledge®

Posted by Joseph Gabro

Continued from Chapter 6: Trade Compliance

Organizations buying or selling goods globally are overwhelmed with the mountain of legalese and red-tape required to establish and maintain compliance with government regulations. Language barriers and rapidly changing information add to the existing complexity of global trade.

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

A New Customs World in Europe - Union Customs Code in Force!

Posted by Arne Mielken

As importers and exporters shuffle into work today, they’ll soon realize that their professional landscape has dramatically changed forever. As of May 1, 2016, the Union Customs Code (UCC), a significant step towards the modernization of EU customs, serves as the new framework regulation for the rules and procedures of customs throughout the EU. The UCC should be seen as a natural evolution towards a modern customs environment, as it allows the EU to streamline customs legislation and procedures further and begin the final shift of 28 customs authorities to a paperless and fully electronic environment. In addition, the concept of compliant and trustworthy economic operators (AEO) is strengthened with the UCC.

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Topics: Import Management, Export Management, Global Trade Management, Trade Regulatory Content

Amber Road Receives ISO 9001:2008 Recertification

Posted by Kelsey Barker

Amber Road's proprietary process for collecting, translating, interpreting and updating country-specific trade regulations has achieved ISO 9001:2008 recertification.

Amber Road commercialized trade content under the trade name Global Knowledge®. In 2014, Global Knowledge was updated with over 13 million new records, with trade content sourced from government agencies in over 145 countries. Global Knowledge provides the intelligence to power Amber Road's GTM solutions.

The ISO 9001:2008 is an internationally recognized set of standards for quality management systems developed and published by the International Organization for Standardization (ISO). Both the ANSI-ASQ National Accreditation Board (ANAB) in the United States and the United Kingdom Accreditation Service (UKAS) independently verified Amber Road's ISO 9001:2008 compliance.

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

[Upcoming Webinar] The True Meaning of Global Trade Content

Posted by Colleen Bush

With the rise of multi-national commerce, global trade is growing in importance. However, friction between borders is an obstacle that often slows the pace of trade. To ensure compliance, companies must successfully use software and global trade content in a dynamic world to adapt to these changes. This requires the use of metadata in the content and adaptive rule engines.

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Topics: Webinars, Amber Road News, Global Trade Content, Trade Regulatory Content

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