TradeLane

In December 1999, as we approached the year 2000, there was intense speculation no computer would be able to cope with the programming disaster known as Y2K. Experts predicted a blackout on computer-operated systems not configured for a four-digit year code, and software engineers worked frantically to fix the problem. Many believed that blackouts would disrupt our lives as we began the first day of the new millennium.

However, nothing happened, and all our systems kept on running as intended.

Dual-use goods are defined as goods, equipment, technology, and knowledge that may have either civilian or military use or may contribute to the proliferation of weapons of mass destruction.

As part of their global strategy, most countries have regulations in place to control the export of dual-use goods. National authorities issue the lists of products for which they want to control the exports and for which a license is required.

Thailand is well known as a beautiful country filled with friendly people - the ‘Land of Smiles’. Given this well-deserved reputation, it may come as a surprise that Thailand is also well known in Asia trade compliance circles for very tough customs authorities.

To celebrate the opening of Tradewin Thailand, we wanted to highlight the top 3 reasons for import clearance delays.

Last year the Trans-Pacific Partnership agreement had a few hurdles you may have heard about. However, it has been brought back to life with a few tweaks and fewer tweets.

So here it is…

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP or TPP11) was signed on the 8^th of March 2018 in Santiago and brings together 11 countries: Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore, and Vietnam.

Customs has announced that the reconciliation prototype will finally transition from ACS to ACE on February 24^th of 2018.