TradeLane

Some U.S. Trade Updates You Might Want to Know About

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While we wait for the US Administration to work out details on any potential trade deal with the EU, Turkey has moved to the forefront.

Section 232 steel duties on goods produced in Turkey will be doubled to 50% effective August 13th  with an increase for aluminum duties to 20% still pending. Automobile and automobile parts duty increases are still being contemplated. 

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Topics: Free Trade Agreements, United States

CETA: 10 Years in the Making

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It was June 2007 when we first started hearing talk of the possibility of a trade agreement between Canada and the European Union. With the European Union being one of Canada’s largest trade partners, second only to the United States, many importers have been eagerly awaiting this trade agreement to become a reality. 

At last, on September 21, 2017, the Canada-European Union Comprehensive Economic Trade Agreement (CETA) was provisionally implemented. 

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Topics: Europe, Free Trade Agreements, Canada

Don’t Throw the Baby Out With the Bathwater: Benefits of Free Trade

113016-freetrade-2.pngRecently there have been a lot of headlines about who will do what when it comes to trade. In the U.S. a big piece of the recent election turned to “protection” of industries, workers, etc. In fairness, I’m a free trade kinda guy. It directly pays my salary. I’m willing to bet there are a number of people who don’t realize their salary, in part at least, is also subject to free trade.

Free trade agreements don’t just work for goods that cross borders, they also play in a lot of other arenas. For instance, the service sector, which includes remediation of disputes, human rights, fair labor standards and practices.

Ever wonder why we haven’t had any “major” conflicts in the past 70 odd years? Trade in general and free trade specifically have a lot to do with it. Why would you want to go to war with your biggest customers?

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Topics: Free Trade Agreements

Compliance in South Korea, NOT North

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I used to live in the USA. I spent a year in Corvallis, Oregon when I was ten years old. I remember it as one of the happiest times in my life, except for being confused about my national identity. Most of my elementary school classmates thought that I was from North Korea. This is not surprising since the North Korea nuclear issue had been surfacing at that time during George H. W. Bush’s presidency. North Korea is still a frequent topic on the famous American TV show, Conan, to this day.

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Topics: Asia, Free Trade Agreements

Hiring a Free Trade Guru...

Free Trade Guru

Recently I assisted a client with a particularly difficult and rarely used provision of the NAFTA agreement. It involved a tariff shift rule and list of exceptions that, when coupled with a specific production process, became problematic. 

Prior to contacting Tradewin, the client had a Free Trade ‘expert’ look at the provision of NAFTA and the challenge they were facing. The ‘expert’ came to a very detailed and long winded way of creating massive amounts of work for the client. While the analysis was technically correct for the issue, ultimately it did not fit the bill for the client. 

When you’re dealing with something as complicated as a Free Trade agreement you want the quickest, easiest, and most compliant solution. A company needs to have a level of confidence in whoever is performing the task. It’s necessary to know you have the right kind of expert who has actual experience with Free Trade qualification. These issues can and do involve trade secrets, material cost structures, manufacturing process, etc. Companies love “the bottom line” and the faster you get there with the least amount of legal exposure the better.

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Topics: Reconciliation, Free Trade Agreements