There has been a lot of information to digest recently regarding developments in Customs and Trade Compliance in Australia.
The minutes from the first quarterly Compliance Advisory Group meeting (CAG) and Goods Compliance Updates (GCU) for 2017 were recently published, with some important issues for industry to be aware of.
Topics: South Pacific
Whether you are a large multinational corporation or a small family owned business, all manufacturers, exporters, and brokers of defense articles, related technical data, and defense services (as defined on the United States Munitions List, Part 121 of the ITAR) are required to register with the Directorate of Defense Trade Controls (DDTC).
Don't forget, registering with DDTC does not automatically provide for export rights or privileges, but it is a precondition for the issuance of any license or other approval for export.
Topics: Import Consulting
A message from your Tradewin friends in Canada:
What is softwood lumber? It is lumber from coniferous trees such as pine, spruce, and Douglas fir.
The top six uses for Canadian softwood lumber are:
And now, it looks like it’s going to cost American importers as much as an extra 25% if they buy Canadian softwood lumber.
Topics: North America
The Korea Customs Service (KCS) has benchmarked the successful US Importer Self-Assessment (ISA) program and decided to establish a similar program in Korea for importers to use. Similar to the US, the ISA process starts with membership in Authorized Economic Operator (AEO). Korean AEO import companies are eligible to utilize the newly implemented ISA program, which is expected to become effective this month.
On March 29th, UK Prime Minister Theresa May sent a letter to European Council President Donald Tusk invoking Article 50 and providing formal notification that the UK will leave the European Union. The formal countdown clock is underway, and the UK and EU have two years to finalize the terms of the UK’s departure.
In reading the letter, there are a few statements that provide guidance on the potential future for customs legislation, as well as the trading relationship between the UK and EU.
Topics: Europe, Free Trade Agreements
