In a recent competition regarding Customs Valuation, hosted by the Customs Valuation and Classification Institute under Korea Customs Services, our Tradewin Korea team won an Excellence Award.
The U.S. Government released a Federal Register Notice (“Notice”) on August 11th, 2020 clarifying the changes to origin marking requirements of Hong Kong manufactured goods.
Topics: Asia, North America
With global trade tensions continuing the same course, despite a global pandemic, we have come across many multinational corporations looking to reinforce their supply chains by relocating some manufacturing to Southeast Asia. Along with Vietnam and Thailand, Malaysia is a frequent candidate. Here are some things to consider when looking at Malaysia.
Topics: Asia, Free Trade Agreements, HS Classification
Further to our recent post on the key implications of the U.S. revoking Hong Kong’s ‘special trade status’, the Bureau of Industry and Security (BIS) announced on June 30, 2020, that it is suspending license exceptions for goods that were previously subject to differential treatment than license exceptions available to Mainland China.
Topics: Asia
Objective of the AEO Program
Apart from revenue collection, Trade Security and Trade Facilitation are important areas for customs agencies around the world. In order to secure and facilitate the trade, the World Customs Organisation (WCO) has adopted the SAFE framework of standards in 2005, which includes the Authorized Economic Operator Program (AEO Program) as one of three key pillars. India, as a member of the WCO, has adopted the AEO Program through the Customs Act, 1962.
