What the CPTPP Means for Australian Businesses 


Last year the Trans-Pacific Partnership agreement had a few hurdles you may have heard about. However, it has been brought back to life with a few tweaks and fewer tweets.

So here it is…

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP or TPP11) was signed on the 8th of March 2018 in Santiago and brings together 11 countries: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, and Vietnam.

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Topics: Australia

Step-by-Step Guide to the New Reconciliation Process

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Customs has announced that the reconciliation prototype will finally transition from ACS to ACE on February 24th of 2018.

After a few rounds of delayed implementation dates, the ports are actively liquidating Recon filings to clean up before the deployment. We think the switch to ACE might actually happen this time.

There are some major changes that are coming to the program that the importing community should be aware of.

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Topics: Reconciliation

Take Advantage of ACE Training

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Learning how to take full advantage of CBP’s ACE reports is a process. To this end, CBP has produced a series of educational videos dedicated to running, modifying, and saving ACE Reports.

I have watched them, and I believe that they would be useful for any ACE user, from the novice to the expert, and everyone in between.

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Topics: ACE

Churchillian Thoughts on European Customs Valuation

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At present, there seems to be a renewed interest in the venerable Winston Churchill in popular culture. Between John Lithgow’s portrayal in The Crown and Gary Oldman’s version in The Darkest Hour, we are presented with a reintroduction to some of Mr. Churchill’s more memorable quotes. One of my favourites is, “There is nothing wrong with change, if it is in the right direction.”

Unfortunately, this quote does not accurately reflect customs duty adjustments based on retroactive changes in transfer pricing agreements.

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Topics: Europe

Looking Back on 2017

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2017 is in the books and was, by many accounts, a tumultuous year for the world. President Trump began his presidency that continues to transform world politics, the U.K. triggered Article 50 to begin the Brexit process, Mohammad bin Salam in Saudi Arabia is reshaping the Middle East, there is saber-rattling on the Korean Peninsula, and I have not even mentioned China.

Every corner of the world is experiencing a level and a speed of change and transition that we typically only see in wartime. There was also that solar eclipse in North America. How cool was that?

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Topics: Tradewin