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World Trade Week

May 2022 is recognized as World Trade Month. World Trade Week, which occurs annually during the third full week of May, was first established in 1935 by President Roosevelt. In celebration of world trade here are 10 fun trade facts. The first major piece of legislation passed in the United…

Customs Modernization and Informed Compliance Act: What is “Reasonable Care”?

The Customs Modernization and Informed Compliance Act or Mod Act establishes clear requirements that parties must exercise “reasonable care” when conducting business related to importing into the United States, but what is reasonable care? Every import transaction is different, from the nature of the imported goods to the circumstances surrounding…

In Case You Missed It (May 16-20)

The Future of Filing - Tax Teams and Technology Online corporate tax filing’s evolution has caused a shift in team dynamics and filing processes. Having the right team dynamic in place can make all the difference when adapting and innovating with new technology. In this article by Crowd Reason @Avalara,…

White House Announces New Indo-Pacific Economic Framework

The Biden administration announced the launch of the Indo-Pacific Economic Framework (IPEF) on Monday, May 23, which is designed to promote financial and economic stability in Asia and Oceania. The pact follows the initiation of the Regional Comprehensive Economic Partnership (RCEP), a trade deal spearheaded by China in January of…

Baby Formula Shortage Underscores Supply Chain Struggles; US Plans to Ease Import Restrictions

A sudden nationwide shortage of baby formula has served as a stark reminder that supply chain woes continue to be felt midway through 2022. Across the United States, 40% of formula is currently out of stock, while individual states are seeing even more acute supply gaps, which have increased by…

CBP Specialists Intercept Rare Pest

U.S. Customs and Border Protection is one of the world’s largest law enforcement organizations. This is understandable when you consider CBP’s wide ranging mission that includes things like counter terrorism, combatting transnational crime, securing our borders, facilitating lawful trade, and of course, collecting duty and taxes. Revenue aside, you could…

Does Artificial Intelligence have a place in HTS Classification?

International Trade is complex and often quite meticulous. The industry continues to grow more and more complex as technology advances and relationships among countries evolve. Continuous advances in technology force industry leaders to consider things they have never considered before. In 1990, world trade leaders probably were not debating where…

German / America Trade Compliance (German)

Deutschland und die Vereinigten Staaten von Amerika sind nicht nur internationale Supermächte im Sinne von Kriegsführung und globalem Einfluss, sie sind auch Weltmarktführer im internationalen Handel und Export. 1955, während der Nachkriegsbesetzung Deutschlands, nahmen die Vereinigten Staaten „diplomatische Beziehungen zu Westdeutschland auf, die US-, britische und französische Zone umfassten“. Erst…

German / American Trade Compliance

Germany and the United States of America are not simply international superpowers in the sense of warfare and global influence, they are also world leaders in international trade and exports. In 1955, during the post-war occupation of Germany, the United States, “established diplomatic relations with West Germany, which included the…

Unclaimed and Reverse Unclaimed Property Services

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