Trade Compliance Blog » related party trade http://www.trade-compliance.org Trade Compliance Resources & News covering import compliance and export compliance Tue, 17 Jan 2012 10:14:21 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Recommended Reading: How to Save Customs Duty Revealed http://www.trade-compliance.org/export-compliance/how-to-save-customs-duty-revealed http://www.trade-compliance.org/export-compliance/how-to-save-customs-duty-revealed#comments Wed, 22 Jul 2009 19:54:04 +0000 Caroline http://www.trade-compliance.org/?p=212 Although not frequently updated, How to Save Customs Duty Revealed has some good resources on importing and exporting in the UK.

Recently the author covered what kinds of customs risks companies encounter in international transactions:

  1. Customs Valuation contradictions
  2. Method of Valuation: Quantifying adjustments
  3. Related Party Transactions
  4. Royalties, R&D Costs, Interest Charges, Design & Development Work
  5. Customs implications of R&D cost-sharing agreements and royalty & financing agreements

Check out the details on these topics at How to Save Customs Duty Revealed.

Webinar: Automating Related Party Trade at Agilent

With related party shipments accounting for over 40% of all trade, multi-national organizations are looking to adopt global transaction processing. This webinar will demonstrate how an increased level of automation and validation from the export to the import entry can reduce costs and increase pre-clearance rates and cycle times, while demonstrating the highest levels of reasonable care.

]]> http://www.trade-compliance.org/export-compliance/how-to-save-customs-duty-revealed/feed 0 Update: GM Plans to Export Cars from China to the US http://www.trade-compliance.org/export-compliance/update-gm-plans-to-export-cars-from-china-to-the-us http://www.trade-compliance.org/export-compliance/update-gm-plans-to-export-cars-from-china-to-the-us#comments Mon, 01 Jun 2009 17:29:53 +0000 Caroline http://www.trade-compliance.org/?p=22 With GM filing for bankruptcy today, looks like their plan to export cars from China will be one way in which they aim to make a comeback rather than prevent bankruptcy.

]]> http://www.trade-compliance.org/export-compliance/update-gm-plans-to-export-cars-from-china-to-the-us/feed 0 GM Plans to Export Cars from China to the US http://www.trade-compliance.org/export-compliance/gm-plans-to-export-cars-from-china-to-the-us http://www.trade-compliance.org/export-compliance/gm-plans-to-export-cars-from-china-to-the-us#comments Thu, 21 May 2009 21:10:28 +0000 Caroline http://www.trade-compliance.org/?p=9 According to the UK Telegraph, “General Motors is planning to build cars in China and import them into the  United States, a strategy that could trigger further job losses and union anger  in the US.”

This is a topical example of ‘related party trade‘ – when one business is simultaneously importing and exporting among itself. Note how the headline says “export” and the tagline says “import”. GM is doing both importing and exporting. Their exported car from China is also the imported item into the US while staying within GM’s possession, which presents new challenges in keeping track of compliance. If they have a system in place, they can easily transfer the data of the exported car from their Chinese branch into the US branch’s system, which will then identify it as an import.

Hopefully, the cost savings they realize by building their products in China will assist in reviving the company from the brink of bankruptcy. Without a company, the union members won’t be employed, either. Read the complete article at the Telegraph.

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