Show me the Money
August 23, 2016.
Trade Publications
How the Strength of the U.S. Dollar is Impacting Global Trade Since the middle of 2011, the value of the US dollar has increased by 20% and economists are predicting that the appreciation will continue to rise. Unfortunately, the appreciation of U.S. currency is predicted to come at a cost...
Read MoreBrexit: A Brave New Global World?
July 07, 2016.
Trade Publications
The vote on June 23, 2016, known as Brexit to most, but what many hail as, “British Independence Day”, has left a vacuum of uncertainty and dissolution demonstrated by the plunging world markets and a decrease in the value of the British pound not seen in three decades. What...
Read MoreThe Hidden Benefits of an FTZ
June 28, 2016.
Trade Publications
A Foreign Trade Zone (FTZ) is a geographical territory inside the United States that is considered outside the Customs territory of the US, whereby goods can be imported without entry processing and subsequent payment of duty and taxes. These zones, originally created during the depression to bolster foreign commerce...
Read MoreNo Duty, No Problem: How to Use the Tariff Concession System in Australia
June 28, 2016.
Trade Publications
When growing a successful business, knowing all available options to save money can be crucial to development and continued success. One program that all savvy importers in Australia should know is the Tariff Concession System (TCOs). Australian customs estimated that approximately $1.9 billion dollars in revenue was foregone through the use...
Read MoreFCC: What do you mean radio waves are regulated?
March 11, 2016.
Trade Publications
Trade compliance professionals love acronyms. Accustomed to an alphabet soup of government agencies and trade programs, trade professionals use acronyms in their jargon frequently. That said, some acronyms, like FCC, are known but their importance, particularly in product importation is not clearly understood. What is the FCC? The FCC stands...
Read MoreThe Transaction Value Blues
March 11, 2016.
Trade Publications
When shipping goods internationally, one of the most common mistakes is the inaccurate valuation of goods. Valuation is the appraisement of a product for duty estimates. Improper valuation can result in the under or over payment of duties and taxes. The impact on duties and taxes makes valuation a high...
Read MoreFind Out the Latest Trends in Trade Compliance
February 17, 2016.
Trade Publications
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...
Read MoreDuty Drawback; an Untouched Goldmine
January 13, 2016.
Trade Publications
A company may be entitled to thousands or more dollars through a Duty Drawback claim and no business, which participates in exporting goods, should lose out on money that is owed to them. Navigating the US Customs Duty Drawback program may seem intimidating at first, but as long as a...
Read MoreResolve to Have Compliant Commercial Invoices in 2016
January 04, 2016.
Trade Publications
One common and preventable cause of shipments “stuck in customs” is incorrect documentation. This year, ring in the New Year by resolving to have compliant commercial invoices. Whether a company creates the document or relies on a supplier to create the commercial invoice, 19 CFR 141.86 is clear on...
Read MoreExporting to a Sanctioned Country
November 17, 2015.
Trade Publications
Is your company prepared to pay a hefty fine or have an individual jailed for exporting to a sanctioned country? Without the proper export control this could become your reality before you know it. Fortunately it is a relatively simple process to mitigate this risk as either a company or...
Read MoreHow to Save Your Company Import Costs in the New Year
November 10, 2015.
Trade Publications
As the New Year draws closer, it is time to look at the savings goals for your company’s yearly imports. There are several different ways to save on import transaction, but identifying the right strategy that benefits your business is the key to successfully meeting your savings goal...
Read MoreBuyer Beware: Anti-dumping and Countervailing 101
September 15, 2015.
Trade Publications
It is no secret that globalization increases market competition. Consumers are increasingly able to comb the global marketplace to find products that meet their demand at competitive prices. However, it is not unheard of that some foreign countries unfairly subsidize producers and exporters, or that a foreign exporter and...
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