October 28, 2009
Remember the Export Compliance Survey I was telling you about? The recent webinar that discusses the findings of the survey as well as key strategies for establising an export management system is now available on-demand. Topics covered include: How to implement a comprehensive, “budget neutral” export compliance program in a down economy to protect your [...]
October 28, 2009
U.S. Customs and Border Protection launched a new Electronic Reading Room to increase access to information available from the Freedom of Information Act. Their press release is below. Visit the Electronic Reading Room at http://foia.cbp.gov. The upgraded CBP Freedom of Information Act Electronic Reading Room will feature records and documents formerly only available through FOIA [...]
October 23, 2009
International Standby Letters of Credit and Foreign Exchange Update from the Massachusetts Export Center Companies today use standby letters of credit for more than just the traditional performance or financial guarantees they offer. A standby letter of credit offers numerous advantages and can be used in a variety of ways, such as: substitution of bid [...]
October 23, 2009
American Shipper will be presenting a free webinar on Global Trade Management next week, broadcast live on Wednesday, October 28 at 2PM EDT and will subsequently be posted online for on-demand viewing. What is Global Trade Management? Global Trade Management is what we call the systems and processes to manage the transfer of goods across [...]
October 21, 2009
Found a succinct list of rules of thumb to ensure Trade Compliance at MondialTradeCompliance.com 10 General Prohibitions Export and re-export of controlled items to listed countries.(Get your export licenses!) Re-export and export from abroad of foreign-made items incorporating more than a de minimis amount of controlled U.S. content. Re-export and export from abroad of the [...]
October 19, 2009
Although the relative value of the US dollar is decreasing, there are some upsides- US products are more competitive when exported. According to “In Dollar’s Fall, Upside for U.S. Exports” from the New York Times, US exporters are increasing their sales by going overseas, in particular to Europe, to aid in their recovery after a [...]
October 19, 2009
Chinese Exporters have a positive outlook on their future, as the dollar weakens and their sales begin to rebound. From “Chinese Export Boom in Evidence at Trade Show”: By keeping China’s currency, the renminbi, tightly yoked to the weak and weakening dollar, Beijing had made Chinese exports increasingly competitive around the world. “We are very [...]
October 14, 2009
Let’s take another look at Trade Compliance in Japan! Tatsuya has posted that Japan Customs under the Ministry of Finance (“MOF”) conducts post-entry audit every year to review the import declarations to see if companies are paying the correct amount of duties and taxes… and this year was not good!! From July 2009 to June [...]
October 14, 2009
One of my favorite industry publications, DC Velocity, has published an article all about Trade Compliance at Becton Dickinson. It provides a great case study on how a large, global organization goes through the process of selecting and implementing a global trade management system. The ability to ensure regulatory compliance, conduct landed-cost comparisons with multi-country [...]
October 6, 2009
Video: Wal-Mart’s Supply Chain Strategy Posted using ShareThis
