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The Use of Technologies in Customs Procedures

May 03, 2022.
Logistics Publications, Trade Publications

For years, international organizations have been involved in promoting new strategies to enhance international trade under the globalization framework. Perhaps no aspect of trade has played a bigger part in the globalization and facilitation of trade than technology. A significant increase in e-commerce has created a need for better and...

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Buy America Act (BAA)

March 28, 2022.
Logistics Publications, Trade Publications

What is the Buy America Act? It is an act that was introduced in 1933 during the Great Depression and was intended to promote and increase U.S. jobs and industry. The BAA applies to supply and construction contracts between $10,000 and the dollar threshold for Trade Agreements Act (TAA). Supply and...

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Vessel Manifest Confidentiality

March 25, 2022.
Logistics Publications, Trade Publications

Did you know that anyone can see where a company is shipping to and shipping from? All they need is access to PIERS (Port Import/Export Reporting Service) data and your company could have a potential IPR (intellectual property rights) issue on your hands. Don’t fret!  Customs...

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More Sanctions from the US and Allies

March 25, 2022.
Logistics Publications, Trade Publications

On March 15, 2022, several countries banded together to insist that the World Trade Organization (WTO) revoke Russia’s “most favored nation” status, echoing a previous call from G7 nations. Demands were also made to prevent Belarus, a prominent Russian ally in the Ukrainian invasion, from being granted membership...

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Sanctions from the EU and UK

March 25, 2022.
Logistics Publications, Trade Publications

On March 15, 2022, the UK government decided to add an additional 350 new listings to the Russian sanctions that were initiated in February, including nine new listings related to cyber sanctions. Several Russian oligarchs will be directly affected by these new sanctions. The EU also put sanctions into place in response to...

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USTR Reinstates Certain Section 301 Exclusions

March 25, 2022.
Logistics Publications, Trade Publications

After weeks of lobbying from industry leaders and a bipartisan group of US lawmakers, the Office of the U.S. Trade Representative (USTR) announced on Wednesday, March 23 that it is reinstating exclusions for 352 products that had previously been subjected to Section 301 Chinese tariffs. The exclusions will be retroactively effective from...

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Replacing 232 Duties for Steel and Aluminum with Tariff Rate Quota

March 23, 2022.
Logistics Publications, Trade Publications

In late 2021, the U.S. announced that an agreement was reached with the E.U. to replace existing Section 232 duties (25% steel and 10% aluminum) with a new Tariff Rate Quota (TRQ).  The quota allows for limited quantities of eligible EU steel and aluminum products to be entered free of the...

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Overview of US Import and Export Trade Statistics for FY 2021

March 22, 2022.
Logistics Publications, Trade Publications

Import Trade Statistics 2021: Imports Entry summary volume increased by 12.5% from 2020 to 2021, primarily attributed to economic recovery after the Covid-19 lockdowns of 2020. The increase boosted 2021’s numbers well past the last pre-pandemic year on record, 2019, by 3.9%. Total import values increased by 15.7% from 2020 to 2021 as well, with 2021’s values surpassing 2019...

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Free Trade Agreements 2022

March 21, 2022.
Logistics Publications, Trade Publications

Regional Comprehensive Economic Partnership (RCEP) Agreement: The Regional Comprehensive Economic Partnership (RCEP) went into effect on January 1, 2022. The RCEP is currently the largest free trade agreement, with 15 countries as active members. Ten countries entered into RCEP on January 1, including Australia, New Zealand, Brunei Darussalam, Cambodia, China, Japan, Laos, Singapore, Thailand,...

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Rise of E-Commerce Leads to Increased Trade Challenges in Physical and Digital Markets

January 13, 2022.
Logistics Publications, Trade Publications

One effect of the coronavirus pandemic has been a massive growth in e-commerce– as more people were confined inside their domiciles due to lockdowns and other restrictions, they increasingly began to turn to the internet for their shopping needs. The impact of the pandemic on e-commerce is well documented...

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Changes Coming in 2022 to Section 301, Section 201, and AD/CVD Regulations

January 03, 2022.
Logistics Publications, Trade Publications

On January 20, 2022, a coalition of 140 bipartisan U.S. lawmakers sent a letter to the Ambassador of the Office of U.S. Trade Representative, Katherine Tai, requesting immediate approval and implementation of Section 301 exemptions. The lawmakers claimed that failure to do so would irreparably harm US businesses in multiple industries, and...

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The Future of The Global Supply Chain

December 11, 2021.
Logistics Publications, Trade Publications

The COVID- 19 pandemic brought significant challenges for the supply chain, the rapid spread of the virus, the international shootdowns, and the logistic disruptions reduced industrial and transportation activities creating chaos in the global supply chain. Mike Mayran, the director for the Massachusetts Port Authority says, “There was not a...

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