CBSA’s New Priorities Should Be Your Priorities
July 19, 2022.
Trade Publications
Canada Border Services Agency (CBSA) has released their new Trade Compliance Verifications. As of July 2022, CBSA will be cracking down on items ranging from the classification of LED lamps to the valuation of shoes. CBSA is responsible for ensuring all goods imported into Canada are done so correctly. To...
Read MoreOcean Shipping Reform Act Complaints
July 15, 2022.
Trade Publications
On June 16, 2022, the Ocean Shipping Reform Act (OSRA) of 2022 was enacted. This law will empower the Federal Maritime Commission (FMC) to take a more proactive role in investigating carrier behavior and ensuring fairness. The law gives shippers the right to register complaints against common carriers. These complaints will allow for...
Read MoreInflation: The Topic on Everyone’s Mind
July 06, 2022.
Logistics Publications, Tax Publications, Trade Publications
Today it seems like you can’t go a day without hearing about inflation and its effects on the economy. No matter where you find yourself on the supply chain, chances are you are concerned about the impact of rising costs and the availability of materials. Now is the...
Read MoreThe UK and Mexico establish formal negotiations for a New Free Trade Agreement.
June 24, 2022.
Logistics Publications, Trade Publications
In recent weeks, UK and Mexico have established formally negotiations towards a new Free Trade Agreement. Both countries will carry on talks on July 11, 2022, in a first round and second round expected to take place at the end of the 2022. It is important to highlight that according to Mexican authorities,...
Read MoreBorn in the U.S.A.: Defined by Build America, Buy America Act
June 22, 2022.
Logistics Publications, Trade Publications
“Manufactured in America” seems like a simple statement. It would be easy to assume that if a product was pieced together within the United States, we could say it was “Made in America.” If the entire product is composed of pieces from Canada, but merely pieced...
Read MoreIsrael – UAE Free Trade Agreement
June 20, 2022.
Trade Publications
On May 30th the first Arab state and Israel free trade agreement was signed, the agreement aims to eliminate and lift bilateral trade for more than 96% of the good traded between the two nations. The goods include food, agriculture, cosmetics, medical equipment and medicine, the agreement would boost bilateral trade...
Read MoreForced Labor Prevention Act
June 14, 2022.
Logistics Publications, Trade Publications
Are you ready for the Uyghur Forced Labor Prevention Act (UFLPA) that goes into effect on June 21st, 2022? The UFLPA states that goods manufactured wholly or in part in the Xinjiang Uyghur Autonomous Region of the People’s Republic of China could be prohibited entry into the U.S....
Read MoreVistula Spit Canal
June 13, 2022.
Logistics Publications, Trade Publications
A new canal across the Vistula Spit is planned to be opened this year, most likely already in September 2022. The canal will enable ships to sail from the port of Elblag, northern Poland, to the Baltic Sea without passing through the Russian-administered Strait of Baltiysk. The 1.3-kilometer canal is part...
Read MoreBiden Administration Considers “Reconfiguring” Section 301 Tariffs to Combat Record Inflation
June 09, 2022.
Trade Publications
On Wednesday, June 8, US Treasury Secretary Janet Yellen told lawmakers that the Biden administration is strongly reconsidering its approach to the Section 301 tariffs placed on Chinese goods. Yellen’s comments came as the administration ponders how to balance punishing China for unfair trade practices with combating financial woes incurred...
Read MoreWorld Trade Week
May 26, 2022.
Trade Publications
May 2022 is recognized as World Trade Month. World Trade Week, which occurs annually during the third full week of May, was first established in 1935 by President Roosevelt. In celebration of world trade here are 10 fun trade facts. The first major piece of legislation passed in the United States was the...
Read MoreCustoms Modernization and Informed Compliance Act: What is “Reasonable Care”?
May 25, 2022.
Logistics Publications, Trade Publications
The Customs Modernization and Informed Compliance Act or Mod Act establishes clear requirements that parties must exercise “reasonable care” when conducting business related to importing into the United States, but what is reasonable care? Every import transaction is different, from the nature of the imported goods to the...
Read MoreWhite House Announces New Indo-Pacific Economic Framework
May 23, 2022.
Logistics Publications, Trade Publications
The Biden administration announced the launch of the Indo-Pacific Economic Framework (IPEF) on Monday, May 23, which is designed to promote financial and economic stability in Asia and Oceania. The pact follows the initiation of the Regional Comprehensive Economic Partnership (RCEP), a trade deal spearheaded by China in January of 2022, and...
Read More