Why Authorized Economic Operator (AEO) Is Increasingly Important to Enterprises in China

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On January 1, 2022, the Regional Comprehensive Economic Partnership (RCEP) came into force. RCEP members have a total population of 2.27 billion, a Gross Domestic Product (GDP) of 26 trillion US dollars, and a total export value of 5.2 trillion US dollars, accounting for about 30% of the global economy. After RCEP takes effect, more than 90% of the trade in goods among RCEP members will finally achieve 0% tariff.

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Topics: China, AEO

The Benefits of Utilizing Warehouse Space in a Foreign Trade Zone

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As anyone working in the logistics and shipping industry knows, the major barriers to importing goods into the United States include duties, taxes, tariffs, and complying with certain government regulations. Luckily, there are ways that businesses can overcome these obstacles and stay competitive and compliant in the global marketplace.

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Topics: Duty Drawback, Tariffs, Foreign Trade Zone

Are You Ready for… Customs Regs?

Are You Ready For ... Customs Regs Header

Well, it’s that time again, and no, I don’t mean Football Season. For those of you new to the CBLE testing game and for others who are well familiar with the joys and rigors of this exam, the next CBLE will take place on Wednesday, October 26, 2022. Registration is now open and will close on September 26, 2022. ALL individuals must register for the exam through an online CBP broker examination registration portal.

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Topics: Customs, Customs Broker License Exam

Will Hong Kong Become a Member of RCEP?

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The Regional Comprehensive Economic Partnership (“RCEP”) was signed on 15 November 2020 and entered into force on 1 January 2022 for ten countries: Australia, New Zealand, Brunei Darussalam, Cambodia, China*, Japan, Laos, Singapore, Thailand and Vietnam. It was subsequently entered into force for the Republic of Korea on 1 February 2022 and Malaysia on 18 March 2022, and most recently ratified by Indonesia on 30 August 2022. RCEP is one of the largest free trade agreements (“FTA”), covering around one-third of the world’s population and accounting for about one-third of global GDP.

*Note that Hong Kong, China (“Hong Kong”) is a separate customs territory from the People’s Republic of China (“China”).

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Topics: Tradewin, FTA, Hong Kong, RCEP

Are My Imported Products Subject to Antidumping (AD) and Countervailing Duties (CVD) In the United States?

Are My Imported Products Subject to Antidumping (AD) and Countervailing Duties (CVD)

As with most questions in the Trade Compliance space, the answer to this question can be nuanced and significantly impact an importer’s compliance risk, and the landed cost of the goods.

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Topics: Tradewin, AD/CVD, Antidumping, Countervailing