Trade Publications

Cargo Theft - Tips to Reduce Your Risk

Posted on August 22, 2017. Category: Logistics Publications, Trade Publications

Believe it or not, cargo theft is a multi-billion dollar problem every year for shippers and carriers. According to the Federal Bureau of Investigation, that number also continues to grow. Thieves are drawn to the fact that trucks and warehouses can contain very expensive goods, producing high returns for fairly low-risk operations. Buyers always exist for these goods because people rarely ask questions when receiving a highly profitable deal. In addition, the ability to sell items over the internet allows for speedy transactions, concealed identities, and unsubstantiated information regarding the origin of the goods.So what should you be doing...

Read More

Why Business Leaders Should Look to Export Their Products and Services

Posted on August 03, 2017. Category: Trade Publications

The United States’ goods and services market is performing on such a large scale that is important for businesses to analyze the benefits of exporting particularly since “70% of the world’s purchasing power is situated outside of the U.S.A” ( Apple Rubber).Below are the top 4 reasons that businesses should consider broadening their market and consider exporting their products:1. Foreign markets have the power to boost profits and the life cycles of certain products and services. While some people believe that exporting American goods is only for the prosperous and innovative products, some matured...

Read More

Trade Facilitation Changes in Russia

Posted on June 12, 2017. Category: Trade Publications

In 2005, ninety-five member countries of the World Customs Organization approved in writing the SAFE security frame standards that aim to promote international trade,  economic activity and minimize the effect of modern technological challenges to supply chain, including risks imposed by terrorism. Specifically, the SAFE Framework establishes standards that provide supply chain security, integrate and harmonize supply chain management for all modes, enhance local Customs capabilities and functions, strengthen customs/business co-operation and promote seamless movement of goods.   To that end Russia has recently begun taking steps that further align their Customs and trade facilitation with the principles...

Read More

Strike to Ensue Next Week for Spanish Dockworkers

Posted on June 02, 2017. Category: Logistics Publications, Trade Publications

The dockworkers’ union announced they will officially go on strike for three days next week, starting June 5, 2017.  These strikes are set for Monday, Wednesday, and Friday and could lead to future walkouts. The strike is in objection to the government’s strategy to loosen the limitations of hiring workers at ports.  Initially, the union’s plan was set for a total of eight days of strikes between May 24 and June 9, 2017 but they were able to arrive at an agreement with the port employer’s association, Anesco.  On Thursday, the leaders of the union...

Read More

It’s Buggy Out There

Posted on May 31, 2017. Category: Logistics Publications, Trade Publications

Typically, when one thinks about the responsibilities of U.S. Customs and Border Protection (CBP), eliminating insects doesn’t readily come to mind as one of their duties. However, the agency recently intercepted a shipment containing a species of long-horned beetles and globular springtail insects at the Charleston Seaport. The shipment, which originated in Italy, contained insects in differing stages of development and were found inside the wood and plastic wrap.The reason CBP provides this support is because non-indigenous insects can potentially do massive damage to the environment, agricultural sector, and the overall economy.  According to a...

Read More

Brazil Port Strike

Posted on May 23, 2017. Category: Logistics Publications, Trade Publications

A Customs strike at all major Brazilian ports began on Monday May, 22 2017.  Brazilian customs audit inspectors have decided to strike as a result of a delay in the approval of the Provisional Measure n.765/2016.The greatest impact will be to those shipments that face inspection by moving through the yellow or red clearance channels.  The best way to avoid these channels is to make sure that commercial documents are correct, and match the freight when it comes to weight, dimensions and quantity.Marine terminals are already seeing delays, and towards the end of the week a substantial backlog...

Read More

Laredo World Trade Bridge Closed

Posted on May 22, 2017. Category: Logistics Publications, Trade Publications

Cargo movement at the World Trade Bridge in Laredo is currently temporarily suspended, with all commercial freight being rerouted to the Colombia Bridge.  On Sunday May, 21 a severe storm swept through the area leaving a path of power outages, flooding and structural damage.As the World Trade Bridge is exclusively used for commercial traffic, delays in border crossing are anticipated, with priority going to perishables, medical and FAST shipments.  There is no word yet on when the World Trade Bridge will reopen for traffic, until then you may want to consider routing freight thought El Paso or other...

Read More

Save More on Re-Import Utilizing 9801.00.10

Posted on May 08, 2017. Category: Trade Publications

BackgroundOn April 25, 2017 U.S. Customs and Border Protection (CBP) released a Cargo Systems Message that amended HTSUS Subheading 9801.00.10. In short, the amendment expands the provision to include all products exported from the United States and returned regardless of country of origin. The modification is good news to US manufactures and distributors because it will allow them to save duty on warranty and repair returns, previously unavailable to them due to country of origin concerns.Provisos for ComplianceImporters must keep the following stipulations in mind:Importers may use the claim on foreign goods exported from the United States and...

Read More

New Executive Orders Highlight Trade Enforcement

Posted on April 11, 2017. Category: Trade Publications

As alluded to in the earliest days of the Trump Administration, foreign trade is high on the presidential agenda. On Friday, March 31st, President Trump signed two Executive Orders that set into motion trade data collection initiatives within the next 90 days. The first Order authorizes the creation of a Trade Deficit Omnibus Report and the second Order intensifies customs law enforcement and collection efforts for Antidumping and Countervailing duties. Trade Deficit Omnibus ReportSimply defined, the trade deficit is the amount by which a country’s imports exceeds the value of its exports.  Over the last several...

Read More

New Economic Sanctions Possible for Iran

Posted on February 21, 2017. Category: Trade Publications

Members of the U.S. Senate’s Armed Services Committee have expressed tightening economic sanctions on Iran on the heels of the 2017 Munich Security Conference. The primary reason of concern include Iran’s ballistic missile tests in early February.Iran’s ballistic missile test in contravention to U.N. Security Council Resolution 2231 have already resulted in the addition of 13 people and 12 companies to the Specially Designated Nationals List by the Treasury Department. The individuals and companies that were added are regarded as supporting the Islamic Revolutionary Guard Corps and Iranian Government’s missile program.So far...

Read More