News & Publications

Find Out the Latest Trends in Trade Compliance

What’s shaping the Trade Compliance industry in 2016?

 

Foreign Direct Investment  

On Monday, December 3, 2015, The Bureau of Economic Analysis released statistics indicating that the United States remained the number one choice for foreign direct investment (FDI). FDI accounts for approximately 23% of all US exports.  Among the FDI trends was a spike of Greenfield Investments with Acquisitions accounting for more than $224.7 billion of the $241.3 billion dollar FDI total. The statistics also capture planned FDI investments and indicate that investments in manufacturing will be the most prominent.

Allyn International can assist companies in an ever changing global economy. Allyn has the expertise to meet all supply chain needs with our state of the art supply chain software, ALA-Cims, as well as offering logistics and tax services.

Published: https://www.commerce.gov/news/blog/2015/12/us-remains-no-1-choice-foreign-investment-new-stats-released

 

WTO “Nairobi Package”

The WTO 10th Ministerial Conference met in Nairobi, Kenya from December 15-19,, 2015. In a series of landmark negotiations, the WTO secured the “Nairobi Package”. Headlined as historic, the Nairobi Package commits to eliminating subsidies for farm exports, simplifies and details procedures for determining if a product qualifies as made in a Least Developed Country (LDC), and outlines a plan to eliminate tariffs on 201 information technology products by 2019. Said to benefit Sub Saharan African countries the most, the Nairobi Package will impact trade with these countries particularly in the agriculture sector.

Allyn International assists US businesses in managing their trade compliance programs globally and has experience managing brokers in Sub Saharan Africa. For more information on how Allyn International can assist in broker or compliance management contact our sales group at sales@allynintl.com

 

The Trans-Pacific Partnership

Hallmarked as one of the most far reaching trade agreements in history, the Trans-Pacific Partnership (TPP) is between 12 countries: Australia, New Zealand, the US, Peru, Chile, Mexico, Canada, Singapore, Brunei, Malaysia, Vietnam and Japan. The intention of the agreement is to allow an open market among signatory countries however; it is not yet clear how the agreement will impact already existing trade agreements like NAFTA. The text of the TTP states that its intent is to ‘coexist’ with existing agreements and a review of the agreement indicates that it expands eligibility for free duty status in some cases.

Allyn International can assist your company in navigating the TPP and determining whether your company can take advantage of the FTA’s duty saving benefits.

 

Decline in Containerized Trade

The Journal of Commerce reports that current trade trends like the strong US dollar, anemic overseas demand and a sluggish manufacturing sector is contributing to a wary forecast for 2016 containerized imports and exports. That said, JOC senior economist, Mario O. Moreno, is not ready to throw in the towel suggesting that he “expects improving global economic conditions and a moderate softening of the dollar against other currencies to yield a 4% growth in US exports in 2016.”  Moreno’s projection is in line with a WTO growth forecast released on April 14th, 2015 indicating a GDP of 4% in 2016 due to slow economic recovery and growth estimates from other global organizations including the International Monetary Fund.

Allyn International can assist importers no matter the economic outlook, providing Tax, Global Trade Compliance and Logistics packages customized to exceed client expectations in both services and price.

Published:  www.joc.com

 

Decreased Exports and Lagging Demand in India

India’s exports continue to fall in what the Journal of Commerce reports is the “longest streak of declines on record.” The decline is in line with falling exports in other global economies including the US, China and European Union. Though US demand for Indian products has increased slightly, the upturn is not significant enough to impact current trends.

For over 20 years Allyn International has offered cost effective, Tax, Global Trade Compliance and Logistics packages that minimize risk and integrate global operations to assist businesses regardless of economic conditions.

Published:  www.joc.com

 

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