TradeLane

In 2015, the Paris Agreement was adopted under the United Nations Framework Convention of Climate Change and went into force in 2016. The agreement aims to hold the earth’s average temperature increase to less than 2°C and make collective efforts to limit the temperature increase to 1.5°C against pre-industrial levels.

Hello Friends. Just a reminder that billions of eligible drawback dollars go unclaimed each & every year here in the US. Yep..…you heard that right. In this new year and tough economy, we should be looking at every opportunity to positively impact the bottom line. If you haven’t established a duty drawback program, there is no better time than the present. Understanding and effectively utilizing duty drawback is crucial for automotive OEMs to thrive in the face of global competition.

Are you a target this year?

Customs Audits……The Canada Border Services Agency (CBSA) has released its compliance targets for 2024.

This is the day that we commemorate the first meeting of the World Customs Organization (WCO), which was held in 1953, as well as to honor the role Customs authorities play in the regulation of the movement of goods across borders, globally. The WCO is an organization that makes it their mission to provide leadership, guidance, and support to local and regional Customs administrations.

Since 1993, Reconciliation entries have been a pivotal tool for US importers to simply and expediently make changes to certain elements of an import entry. While some very, very limited classification and 9802 changes can be made using reconciliation filings, the vast majority of adjustments are for value changes after importation or retroactively claiming a free trade agreement like USMCA and 9802.