News Articles

couriers brokers report importers

Executive Order Places Reporting Burden on Express Couriers and Customs Brokers to Report Importers

On Friday, January 31, 2020, President Trump issued an executive order reiterating the policy of the United States regarding persons who facilitate imports of merchandise in direct violation of Federal laws and calling for the Secretary of Homeland Security to issue a notice of proposed rule-making to establish criteria an importer must meet before obtaining an importer of record (IOR) number.

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reigncore

REIGNCORE: The USMCA has been Ratified!

One of the many improvements from NAFTA in the newly-ratified United States Mexico Canada Agreement (“USMCA”), is the added ability of your business to directly engage in an ongoing dialogue with a permanently established USMCA committee, whose express purpose is to work with businesses in order to clarify terms of control of the USMCA as well as improve the implementation of this brand new tripartite trade agreement.

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update chinese trade war

Updates with Chinese Trade War

President Trump signed the Phase 1 Agreement with China on January 15, 2020. As part of the agreement, China has pledged to purchase $200 billion worth of goods and services over the next two years – this would be a 50% increase from the current levels. The $200 billion worth of goods and services is broken down into four main categories over 2020 and 2021…

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free trade africa

Ambitious Free Trade in 2020 and the African Continent

The African Continental Free Trade Area (AfCFTA) is a free trade area, outlined in the African Continental Free Trade Agreement among 54 of the 55 African Union nations. The free-trade area is the largest in the world in terms of participating countries since the formation of the World Trade Organization. Nigeria and Benin were the hold outs until July of 2019.

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classification

Classification: A Necessary Evil or Helpful Tool?

Determining the correct classification of goods is arguably paramount to any good trade compliance program. However, many companies misclassify their goods at an astonishing rate. While this may be good for business for trade compliance consultants like myself, it isn’t good when it comes time for our client’s Customs audits.

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vsd policies privacy

Updated VSD Policies: How Could this Affect you?

While the United States Trade Representative is currently inundated with Section 301 exclusion requests, the Department of Justice’s (DOJ) National Security Division’s (NSD) recent update could be encouraging an influx of voluntary self-disclosures (VSDs) to the U.S. export agencies and the DOJ in the near future.

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japan us free trade

Japan-US Free Trade Agreement – Not All it Appears to Be

On Jan. 1, 2020 the Japan-United States Free Trade Agreement went into effect. The agreement provides duty-free, or reduced duty treatment, for certain Japanese imports into the U.S. and certain U.S. exports to Japan. The implementation details were printed in the Federal Register on Dec. 30, 2019 (84 FR 72187).

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