How Is Trade Compliance Evolving for Retail Companies in Asia?

The Brick-to-Click Momentum

With modern age online shopping, our favorite items might just be a click away. When I was living in Shanghai, logistics had become so advanced that the typical lead time from purchasing an item to having it delivered at the door should not take more than 1 or 2 days.

As a consumer, do we ever think about how it is possible for products to be delivered so quickly?

As a customs and trade consultant, I have had the privilege to work with many retailers. We analyze the flow of goods and transactions to optimize supply chain and trade compliance.

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Topics: Asia

The ACVA Shield

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If you are being attacked by a stronger opponent, sometimes you need a strong shield. Korea Customs is such an opponent with all the power of the government behind them, how can importers protect themselves?  

One defensive shield available is the ‘ACVA’ program.

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Topics: Best Practices, Asia

A Cleaner, Greener Future. What Does This Entail for Trade In Asia?

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With the Brexit in full motion, the Britons should never have to worry about the infamous Euro-sausage ever becoming a threat to the English banger again. That should put many an Englishman at ease (watch the 1984 Christmas Special of the BBC’s “Yes Minister” if you are pondering the origin of this joke). The prospect of losing the liberty to fill up at the gas station though, is probably less of a laughing matter, especially if petrol and diesel powered vehicles have been a way of life for at least the last 60 years if not longer.

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Topics: Asia

Enjoy ISA in Korea

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The Korea Customs Service (KCS) has benchmarked the successful US Importer Self-Assessment (ISA) program and decided to establish a similar program in Korea for importers to use. Similar to the US, the ISA process starts with membership in Authorized Economic Operator (AEO). Korean AEO import companies are eligible to utilize the newly implemented ISA program, which is expected to become effective this month.

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Topics: Asia

Our Thing in Asia: Complex Compliance

Asia Compliance

I’ve just joined Tradewin Asia from a large European industrial and consumer company where I was responsible for regional Asia trade compliance.  Almost every week, I would receive emails or telephone calls which required immediate attention. Common inquiries included: “URGENT! Cargo stuck at port!”; “No FORM D/E”; “The business is asking why we have to pay extra duties now.”; “Why nobody is telling us we need special licenses?”

Those were the days, when we didn’t have any compliance regime in place. No internal trade policies or standards, and everyone was doing whatever they felt was right. Norms and bad habits just continued on. Occasionally, I was praised for implementing good practices. Sound familiar?

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Topics: Asia