Insights
Return to PublicationsA New Afro-Indian Trade Partnership
October 04, 2023.
Logistics Publications, Trade Publications
India’s presidency of the 2023 G20 New Delhi summit delivered one of the most groundbreaking shifts in global legislation in the last 10 years: representation for 1.4 billion citizens at one of the world’s premier economic coordination bodies. The summit brokered permanent membership of the body for the African...
Read MoreThe Growth of Maritime Trade
September 28, 2023.
Trade Publications
The United Nations Conference on Trade and Development (UNCTAD) forecasts that after declining by 0.4% in 2018, the volume of global seaborne trade will increase by 2.4% in 2023. Although this is lower than the long-term growth rate of about 7% over the previous three decades, containerized trade is predicted to climb by 1.2% in 2023 and...
Read MoreUnlocking Import Success: Navigating the Harmonized Tariff System 〈HTS〉 for US Goods
September 21, 2023.
Logistics Publications, Trade Publications
The classification of an item using the Harmonized Tariff System (HTS) is a crucial step for importing goods into the US. The HTS determines various aspects of the import process, such as: The applicable duty rates and exemptions for different products. The antidumping and countervailing duties (ADD/CVD) that may...
Read MoreUkraine’s Grain: Ukraine Files Formal Complaint With the World Trade Organization
September 21, 2023.
Logistics Publications, Trade Publications
Ukrainian grain exports have been causing quite a stir in Europe for the last few months. In May 2023 several countries protested the European Commission to restrict Ukrainian grain from being imported into their countries. This is because grain intended to be exported to areas like Africa and the Middle East...
Read MoreLost & Found: Unclaimed Property Insights & Opportunities
September 20, 2023.
Tax Publications
What is Unclaimed Property? Unclaimed Property is money or tangible assets that belong to you but are viewed as “abandoned” because there’s been no activity or contact with you for one year or more. Every U.S. state, the District of Columbia, Puerto Rico, the U...
Read MoreOctober 2023 Merchandise Processing Fee Update
September 19, 2023.
US Customs and Border Protection (CBP) will be adjusting certain user fees on October 1, 2023. The minimum merchandise processing fee (MPF) will be increased to $31.67 from $29.66 and the maximum will be raised to $614.35 from $575.35. MPF is assessed by CPB for most imports into the US on an ad valorem basis, with...
Read MoreForced Labor from the Xinjiang Province of China, U.S. Customs’ Response, and the Effects on Importers
September 18, 2023.
Logistics Publications, Trade Publications
Currently, forced labor in China is a heated topic of discussion, review, and high visibility, especially as it concerns imports into the United States of America. The most recent focus on forced labor in China centralizes around textiles produced in the Xinjiang province of China, an autonomous region in the...
Read MoreSection 301 China Tariff Exclusions Extended
September 15, 2023.
Logistics Publications, Trade Publications
Earlier this month, on September 6, 2023, the United States Trade Representative (“USTR”) announced to the world that it will be extending 352 reinstated exclusions and 77 COVID-19 related exclusions to duties imposed on goods from China pursuant to Section 301 of the Trade Act of 1974. The USTR imposed Section 301...
Read MoreWhat is CARM?
September 11, 2023.
Logistics Publications, Trade Publications
At a quick glance, this project signifies a transformative journey spanning multiple years. It’s a relentless dedication to enhancing and streamlining trade processes, all while championing the twin pillars of efficiency and unwavering adherence to regulations. It’s a reflection of the commitment to making a resounding...
Read MorePanama Canal Operations Disrupted By Severe Drought
September 08, 2023.
Logistics Publications, Trade Publications
Warmer waters and drought are severely affecting the Panama Canal, a system that depends on an abundance of freshwater to move ships around the tip of South America. The Panama Canal is a major system that connects the Atlantic and Pacific oceans, contributing significantly to the movement of global cargo....
Read MoreComplete Guide to Sales Tax Holiday Dates Across the US
July 25, 2023.
Tax Publications
A sales tax holiday is a temporary period during which certain goods or services are exempt from sales taxes. It is a policy measure implemented by some governments to encourage consumer spending and boost the economy. During a sales tax holiday, specific items are eligible for tax exemption. These items...
Read MoreContinuing Your Trade Compliance Education
July 19, 2023.
Logistics Publications, Trade Publications
As of June 22, 2023 Customs and Border Protection (CBP) published their final ruling on requiring continuing education for all individual licensed customs brokers. CBP will now require 36 continuing education credits to be completed during the three years of a triennial period. Brokers must show completion of 36 continuing education credits at the...
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