TradeLane

Tradewin is excited to travel to Orlando, Florida, for the International Compliance Professionals Association (ICPA) event. We look forward to connecting with fellow trade compliance professionals, exploring the latest industry insights, and reinforcing our commitment to providing exceptional service to our clients. 

If you are a business engaged in international trade, you may have a valuable opportunity to reduce costs through a program known as Duty Drawback. This program allows your business to recover the duties, taxes, and fees paid on imported goods that are subsequently exported or destroyed.

Although the recovery process can be complex, the potential savings can be significant. Continue reading to explore the basics of the program, who is eligible, and how Tradewin can assist you.

Dual-use controls refer to regulations governing the export of items or technologies with civilian and military applications. Drones and drone parts fall under dual-use controls. While they can be used for peaceful purposes, such as agriculture or environmental monitoring, they can also be adapted for military and surveillance applications. Understanding the nature of a given product and the appropriate regulations is particularly important to prevent the misuse of sensitive technologies. 

On January 16th, the Bureau of Industry and Security published new Federal Register regulations that refine their AI computing hardware controls. BIS believes new AI capabilities “will enable malicious actors to engage in activities that pose profound risks to U.S. national security and foreign policy objectives” while indicating that “AI models have the potential to create significant economic and social benefits in the United States and across the globe.” As a result, the new regulations are designed to carefully place the line between the potential threat actors and those who will use AI to advance US or human interests.  

Following the inauguration of the new administration on January 20th, 2025, there has been significant movement in both statements and confirmed actions that have an impact on trade.