EU Partially Withdraws Preference Treatment from Cambodia

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On February 12th, 2020, The European Union (EU) moved forward with a partial withdrawal of preferential tariff treatment from Cambodia due to human rights abuses.

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Topics: Europe

Incoterms® 2020: What's New?

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Incoterms® are defined by International Chamber of Commerce (ICC) to facilitate trade across the globe. They are internationally accepted standards which define the responsibilities of sellers and buyers for delivery of goods under sales contracts. Incoterms® are used to specify how the costs and risks associated with the cross-border transportation of goods are borne between the buyer and seller.

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Topics: Classification, Tradewin, Risk

Brexit: The Transition Period and Future Trading Relationship

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Following a decisive win by the conservative party in a recent UK General Election, on December 20th, 2019 the UK House of Commons approved the Withdrawal Agreement Bill (WAB) governing the UK’s departure from the European Union (EU). In parallel, the bill was approved by European Parliament on January 29th, 2020.

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Topics: Europe, Brexit

New CTPAT Minimum Security Criteria

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On November 27, 2019 Customs uploaded the final version of the new CTPAT Minimum Security Criteria (MSC) into their webpage and the CTPAT Portal. This is the culmination of a three-year effort to update the CTPAT criteria to fulfill legal mandates, adjust to a changing trade landscape, apply lessons learned, and adapt to ever-evolving terrorism and criminal threats.

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Topics: United States

EU-Singapore Free Trade Agreement

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The EU-Singapore Free Trade Agreement went into effect on November 21st, 2019. This is the European Union's first bilateral trade agreement with a Southeast Asian country. This agreement removes tariffs in trade between the EU and Singapore.

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Topics: Europe