As we continue to see challenges in the news with international trade, I must remind you that along with the darkness, there is some light for importers. While the United States Section 301 China duties remain in place, the US Trade Representative has published more than 40 exclusion lists, impacting the vast majority of both large and small importers.
Topics: Duty Drawback, HS Classification
As many of our readers are aware, on April 19th, 2020, US Customs and Border Protection (CBP) announced the postponement of duties for formal entries of merchandise entered, or withdrawn from a warehouse for consumption in March and April 2020 for importers experiencing significant financial hardship due to COVID-19.
Topics: Duty Drawback, North America
On February 12th, 2020, The European Union (EU) moved forward with a partial withdrawal of preferential tariff treatment from Cambodia due to human rights abuses.
Incoterms® are defined by International Chamber of Commerce (ICC) to facilitate trade across the globe. They are internationally accepted standards which define the responsibilities of sellers and buyers for delivery of goods under sales contracts. Incoterms® are used to specify how the costs and risks associated with the cross-border transportation of goods are borne between the buyer and seller.
Topics: HS Classification
Following a decisive win by the conservative party in a recent UK General Election, on December 20th, 2019 the UK House of Commons approved the Withdrawal Agreement Bill (WAB) governing the UK’s departure from the European Union (EU). In parallel, the bill was approved by European Parliament on January 29th, 2020.
Topics: Europe, Free Trade Agreements
