TradeLane

ChAFTA. What’s in it? (Part Two)

ChAFTA The ChAFTA will also open doors for investment projects and create new jobs thus boosting the economy.

The jobs, however, seem to be creating serious concerns amongst Australian labor force. The Australian Union, who was campaigning against ChAFTA, is arguing that the easing of labor market restrictions will inevitably jeopardize Aussie jobs and flood the country with unskilled workers. This is of course is a political debate that continues as I type these words; not for a humble trade consultant to comment on!

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Topics: Export Compliance, Asia, South Pacific

ChAFTA. What’s in it? (Part One)

ChAFTA The long discussed, debated, and awaited China-Australia Free Trade Agreement (ChAFTA), which was first proposed in 1999 and since then has been in the works, was finally signed on June 17, 2015 in Canberra.

With China-Australia FTA having been the third in the quick succession of three FTAs Australia signed with its major trading partners, Korea, Japan and China in almost one year, Australia's exports and GDP are predicted to grow significantly.

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Topics: Export Compliance, Asia, South Pacific

The “No-No List”

blog-nono-031915

By now, you may have noticed that I associate a large portion of my blogs with something near and dear… My sweet cherubs.  In our house, we have some simple “no-no rules.”   They are pretty standard, don’t shave the dog, don’t put gum in your brother’s hair, you see where I am going here, pretty straight forward…..  

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Topics: Export Compliance

10 Steps for Assessing Your Compliance Program Globally

drawingAs regional companies look to grow into multi-nationals in the never-ending search for new markets, an understanding of Global Trade Compliance becomes critical for several reasons.  One of the most obvious reasons is to reduce the risk of running afoul of local laws and regulations. Additionally, maintaining a consistent and reliable supply chain and taking advantage of various government programs such as Free Trade Agreements, Duty Drawback, Security Programs and other initiatives designed to benefit compliant importers and exporters speeds the supply chain and saves money. 

As companies expand into more and more markets, inevitably they reach a critical mass where the need to standardize compliance functions across multiple geographies, business units, and Customs regimes becomes apparent.  By “apparent,” we mean that you have done such a good job that you have been gifted compliance responsibilities for not 1 country, but 108. This is often a daunting task given the labyrinth of varying trade regulations. The first phase to this process is assessing the company’s current state compliance profile on a global basis, then moving to implement global frameworks to bring a level of consistency across the network.  Here are a few simple steps to get you started:

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Topics: Export Compliance, Best Practices

Why You Need to Know about Export License Determination

Export License Determination.jpgYou may be asking yourself “Do all exports require a license?”  “How do I know if my particular “item or activity” requires a license?”  “Why is this information important me?” The U.S. Government has export control laws in place for a variety of reasons, primary of which is National Security.  Consequences for violation of export control laws can include monetary penalties, loss of export privileges and in some cases imprisonment of the violators. 

The Departments of Commerce, Treasury and State each have a set of licensing requirements when it comes to the export of items, technology, or software from the United States, as well any subsequent reexport.  The U.S. Department of Justice and the Nuclear Regulatory Commission also have regulations related to export controls.

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Topics: Reconciliation, Export Compliance