Country of Origin and Originating Goods
November 03, 2016.
Trade Publications
US importers are required to report certain information on commercial documents for all US Customs entries as required per 19 CFR 141.86. These fields will be utilized to compliantly file a Customs entry with US Customs and Border Protection. Most commonly these fields are value, classification, weight, buyer, seller, and country of...
Read More5 Ways to Make Conflict Mineral Reporting Easier
November 02, 2016.
Trade Publications
In 2013, the Dodd Frank Wall Street Reform and Consumer Protection Act came into effect, with Section 1502 requiring all publicly traded companies to report their conflict mineral status on their annual reports and to disclose their due diligence via a Conflict Mineral Report (https://www.sec.gov/spotlight/dodd-frank/speccorpdisclosure.shtml)....
Read MoreThe Hidden Risks of FTA’s
September 28, 2016.
Trade Publications
With the Trans-Pacific Partnership looming on the horizon and well over 100 FTA’s currently in effect, there has never been a better time to start utilizing the worlds various Free Trade Agreements (FTA). When an FTA matches up with a major shipping lane, a properly implemented program can...
Read MoreExport Red Flag Indicators
September 28, 2016.
Trade Publications
Since September 11, 2001 the US Government has implemented strict controls on exports, and placed the responsibility of monitoring goods leaving the country on individuals, companies, and entities involved in these transactions. Because the US Government does not want new technology, money, weapons, etc. in the arms of potential terrorists or...
Read MoreCBP Proposes New Automated Exam, April 2017
September 20, 2016.
Trade Publications
On September 14, 2016 U.S. Customs and Border Protection (CBP) published a proposed rule in the Federal Register to Modernize the Customs Broker Exam [Docket No. USCBP-2016-0059]. The plan included computer automatization of the test, an increase in the examination fee, as well as a date change. Automatization ...
Read MoreThe Impact of Zika on Global Trade
September 06, 2016.
Trade Publications
The Zika virus has been a topic of growing concern as of late. The Zika virus’s discovery dates back to the 1940’s but has been largely unrecognized as a threat until recent outbreaks. Scientific research has linked the mosquito-transmitted virus to neurological disorders such as Guillain-Barré...
Read MoreAllyn International Introduces E-Shipment
August 31, 2016.
Logistics Publications, Trade Publications
As an industry leader in fourth party logistics (4PL), Allyn is keenly aware of the steps shippers can take in order to maximize efficiency and minimize costs. This year Allyn has unveiled a new feature, titled E-Shipment, as part of our ALA platform. E-Shipment makes it easy for any...
Read MoreShow 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...
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