TradeLane

For those of you who have been involved in Customs Entry Reconciliation, you know how complex the program can be.  We are excited to see that CBP will be hosting a webinar that will cover reconciliation fundamentals and provide insight into the various issues the trade community and CBP Centers of Excellence and Expertise (Centers) experience when filing and processing reconciliation entry summaries.  This information was presented to the Trade community on April 11, 2022, in Cargo Systems Messaging Service (CSMS) #51568660.

This week we feature The Expeditors Podcast with host Chris Parker. The podcast shares observations, perspectives, and discussions on front-of-mind topics impacting the logistics and freight-forwarding industry through the lens of  a global logistics provider.

Most of us have heard of the terms “sanctions” and “embargoes.” They are often used interchangeably, but they are quite different.

Trade sanctions target specific types of transactions, as in a prohibition to sell arms to a specific business, country, government, or regime. An embargo represents a complete prohibition of all trade activities between countries.

If it feels like the Australia-India Comprehensive Economic Cooperation Agreement (AI CECA) has been a long time coming, it’s only because it has…

Negotiations commenced in May of 2011 and suspended in 2015 while both countries pursued multilateral agreements before recommencing in June of 2020. On the 2^nd of April 2022, however, an interim Australia-India Economic Cooperation and Trade Agreement (AI ECTA) was signed, effectively fast-tracking some of the key economic benefits whilst the larger AI CECA continues to be negotiated.

**Update: CBP has notified the trade that HTS 9903.88.67 will be activated in ACE on April 12^th. Entries filed between April 12^th, 2022, and December 31^st, 2022, may claim the exclusion at time of importation using this HTS. Importers who paid Section 301 duty on entered merchandise that is now subject to an exclusion between October 12^th, 2021 and April 11^th, 2022 may recover previously paid duty via a Post Summary Correction (PSC). Tradewin may help with exclusion determinations and helping you build a post entry strategy.**

On March 24^th, 2022, the United States Trade Representative (USTR) issued an announcement reinstating certain product exclusions previously granted and expired for items subject to 301 duties. There are 352 product types that have been reinstated as part of this list, covering a broad range of commodities.