TradeLane

Reconciliation has become a highly utilized tool for many importers to maximize duty reduction benefits under certain FTA programs or to ensure compliance associated with valuation and 9802 claims. The Reconciliation filing process originally commenced as the ACS Reconciliation Prototype test in October 1998. Through the intervening years from 1998 to the present, there has not been any advancement to codify this program into the regulations as there are so many facets of trade compliance that are touched by the rules around the Reconciliation filing process. These rules can be found here: Reconciliation Interim Guidance. Having been involved with Trade Compliance for over 17 years and with an oversight role for the Tradewin Reconciliation service offering for the past number of years, the one thing consistent across that time span is the growing complexity of trade compliance that, in turn, is driving a constant need for continuing education and for developing experts in key areas of Trade Compliance. Reconciliation is no longer just a filing process. Rather, regulatory knowledge, application, and monitoring underpin the exercise.

While we are all enjoying the warm months of summer, we know that winter is coming. We may not want to think about it, but it’s inevitable.

A migration of manufacturing is sweeping across South and Southeast Asia. Small and large nations alike are emerging as powerful new manufacturing centers, attracting companies eager to establish or expand their production facilities.

Importers should be aware that there are now related third-country cases for merchandise from Canada and Mexico that contain aluminum components extruded in China. Certain goods from these countries may now “flag” for possible AD/CVD for aluminum extrusions from China. If merchandise from Canada or Mexico contains aluminum components extruded in China that were further processed or assembled in Canada or Mexico, the aluminum extrusion portion may be subject to AD/CVD under the cases below.

The 2024-2025 Australian Federal Budget was released last month, and while it specifically mentioned measures likely to affect Importers and Exporters, a number of nuances implied are worth exploring in more detail.