The Doi Moi reforms were officially initiated in Vietnam in 1986 following many years of struggles resulting from the reunification of North Vietnam and South Vietnam in 1975 and had adopted the Soviet Unionâs economic style of central planning and self-isolation.
Since the end of 2020, almost all companies were forced to begin paying the Section 301 duties as most available exclusions expired. This was a major hit for companies who were relying on the exclusions, as the additional duties were either 25% (List 1, 2, and 3) or 15% (List 4A).
Country of origin of imported merchandise is a cornerstone enforcement area for Customs & Border Protection (âCBPâ or âCustomsâ) and is the accurate tracing of the country of origin of goods and materials across multiple countries and is a crucial aspect of maintaining a compliant global supply chain.
The Uyghur Forced Labor Prevention Act (âUFLPAâ), which takes effect on June 21, 2022, bans the importation of all goods made in the Xinjiang Uyghur Autonomous Region (âXUARâ) in China. President Biden signed this law on December 23, 2021, which unanimously passed both houses of Congress.
If you wake up each day, grab a cup of coffee, and turn on the world news, or CNN, like I do here in the U.S., one could obviously become a little pessimistic about our future together on this planet. I say, fear not, and look at the bright side.
Are you importing into Mexico and your customs operation requires the services of a Mexican Customs broker? If the answer is yes, then this information is important for you because errors or violations on your operation, even if committed by the broker or its personnel, might hold you as the responsible party before the eyes of the authority.
Tariff classification-related court precedents have significantly shaped the way importers, brokers, consultants, lawyers, and Customs and Border Protection (CBP) classify goods today under the Harmonized Tariff Schedule of the United States (HTSUS, or simply HTS).
In December, CBP announced a four-phase transition to a Modernized ACE Portal and decommissioning the legacy ACE Portal. We are currently in Phase I and already seeing client impacts.
The House Committee on Science, Space, and Technology recently voted to advance the America Competes Act of 2022 âthe Act.â This comes after the Senate passed its version of the bill, the U.S. Innovation and Competition Act, in June of 2021. The focus of the Act is to strengthen Americaâs scientific and technological activities in the 21st Century, in order to be able to compete with China in these critical fields in the future.
Currently there are close to 400 active antidumping cases involving nearly 40 countries. The cases cover a wide range of products including steel commodity products and steel articles (number one category), chemical products, other metal commodities and articles, plastics and rubber products, food products, paperboard and manufactured articles. Key countries subject to ADD are China (number one country by far), Korea, Indonesia, Taiwan, Thailand, Turkey, and Vietnam.
The year is 2022, and companies are turning over a new leaf, making a concerted effort to become compliant with U.S. Customs laws and practices. Seemingly, there are no downsides to conducting a comprehensive Customs compliance review and submitting a Prior Disclosure under 19 U.S.C. § 1592(c)(4) and 19 C.F.R. § 162.74.
There are new tariff classifications for machinery under Chapter 84 of the Harmonized Tariff Schedule of the United States (âHTSUSâ). The changes to Chapter 84, as well as many other areas of the HTSUS, took effect on January 27, 2022, pursuant to Presidential Proclamation 10326 (December 23, 2021). Many of the changes to Chapter 84 were made to keep up with technological innovations and commercial use.
Many factors have contributed to reshaping and redefining Vietnamâs growing dynamic economy, which had once been coined by the United States as an underdeveloped country but is aggressively emerging to a developing country status.
Imagine your company imports from a vendor in Vietnam and sells them at a competitive margin in the U.S. Business is so-so until the Department of Commerce conducts an Antidumping or Countervailing Duty (âAD/CVDâ) review that encompasses your company or its foreign vendor and determines the origin of your goods to be China, which causes you to owe backlogged AD/CVD at rates over 100% ad valorem for the past year.
The costly Trump-Era tariffs and trade policies have largely remained in effect nearly a year into the Biden Administration. Now more than ever, importers are looking for ways to avoid or mitigate duty exposure. Below is the lowdown of present relief from the Trump tariffs and a forecast of further relief to come.
Itâs a well-known fact in the often-tumultuous world of international trade that what happens between the two largest economies, the U.S. and China, has a ripple affect around the globe.
Two bodies of export regulations typically come to mind when we think of export controls: the Export Administration Regulations (EAR) of the Commerce Departmentâs Bureau of Industry and Security (BIS), and the International Traffic in Arms Regulations (ITAR) of the State Departmentâs Directorate of Defense Trade Controls (DDTC).
Trade-based money laundering (TBML) is quickly developing into a global tsunami. U.S. Customs and Border Protection (CBP) is looking to Importers for help in identifying risk in this critical area, and for CTPAT participants, it is the newest dimension of the Minimum-Security Criteria (MSC) rolled out in 2020.
Generally, Mexican taxpayers are required to issue a CFDI for their acts, duties, income, or tax retentions. The so called CFDI is an acronym for Comprobante Fiscal Digital por Internet , and some refer to it as the electronic invoice.
In a Federal Register Notice on Oct. 6, 2021, U.S. Customs and Border Protection published a 60-Day Notice and request for comments for a Global Business Identifier (GBI) Evaluative Proof of Concept (EPoC).
Braumiller Law Group (BLG) is a bright light among options, rising above the others. We are here to help you.
The oceans of the world are repsonsible for the transport of $34 trillion in trade each year. We love the science behind global trade.
Relax, we have you covered at Braumiller Law Group where global trade compliance is just another day at the beach.
Relax, we have you covered at Braumiller Law Group where global trade compliance is just another day at the beach.
Relax weâve got you covered. Global trade compliance is just another day at the beach. Braumiller Law Group can help.
Not just another shipping container if itâs your product inside. Whether importing or exporting Braumiller Consulting Group BCG provide valuable guidance on international trade compliance.
Your cargo ship at a U.S. port coming from Asia may contain products with trademark infringement. Braumiller Law Group (BLG) can assist.
At Braumiller Law Group (BLG) and Braumiller Consulting Group (BCG) we can assist you with global trade compliance expertise.
Braumiller Consulting Group (BCG) are international trade compliance experts where every client is a very important person (VIP).
Bob Brewer, VP of Business Development at Braumiller Law Group is interviewed on the art of staying out of trouble with customs and complying with international trade laws. He talks about the U.S. and China relationship, the importance of classification and prior disclosure, country of origin, and other important trade topics.
