Is Your Company Able to Handle the Complexities of International Trade?

Posted by Nara Mitchell
Blog originally posted on 14/04/2016 11:30 AM

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This week, I have been lucky enough to engage in a round table with some of the most knowledgeable, international customs experts worldwide. As we discussed trade compliance in Asia, EU, North America, and Australia, as well as currently emerging markets, I realized something: these people are MUCH smarter than I am…

I am pretty good at throwing out a smart question every now and then, but as we discussed the worldwide complexities of the UCC/AEO, biomedical/pharmaceutical marking and shipping, and the potential of TPP... Well, it left my head spinning.

How do companies with small compliance staffs keep up to speed with all these regulations?

 

A few years when I wrote “Do I really need a trade compliance expert?”, I asked the questions:

  • Are your suppliers compliant?
  • Is the information you received from your predecessor accurate?
  • Could your company maintain stability if your shipments came to a stop?
  • Why are your goods getting stuck at the border?
  • What is your “reasonable care” or “professional competency?”

Today, I ask an updated variation of the questions.

  • What have your suppliers done to show you their level of compliance?
  • Have you taken the time to see if your goods qualify for a Free Trade Agreement or Duty Drawback?
  • Do you have import and/or export compliance manuals?
  • Could you explain and show to Customs, in your respectable country, what your documented reasonable care is?
  • Do you have controls to ensure your procedures are working?

The complexities of International Trade grow daily. If you find yourself wondering if you need a compliance expert, know that yes, you do need a compliance expert.

Tradewin has broad-based international experts to guide you through your distinct complexities. Reach out to us today.

 

10 Steps to Assessing Your Compliance Program Globally

Topics: Duty Drawback, AEO

Blog originally posted on 14/04/2016 11:30 AM

Nara Mitchell

Written by Nara Mitchell

Nara is a highly experienced US Licensed Customs Broker with a track record in the global logistics industry spanning over a decade. Since 2010, she has developed expertise in import and export compliance, particularly in the textile and apparel chapters of the Harmonized Tariff Schedule of the United States (HTSUS). Having earned her Bachelor of Science in Business Administration from Western New England University, Nara possesses a solid academic foundation that complements her practical knowledge. She leverages her comprehensive understanding of business principles to navigate complex customs regulations and streamline processes for her clients. With a keen eye for detail and a deep understanding of the intricacies of international trade, Nara consistently delivers efficient and compliant customs solutions to her diverse range of clients. She is known for her ability to provide strategic advice and tailored solutions that optimize supply chain operations and mitigate potential risks.