TradeLane

For most retailers, the focus on trade compliance is usually on store merchandise. Most overlook the fact that the compliance of visual merchandise (furniture, lighting, store décor, etc.) is just as important if they are imported from overseas and the company/brand acts as the importer-of-record to those goods.

The dynamics of trade are changing.

Perhaps this is nothing new, trade has always evolved and changed, but I think we would be hard pressed to find an instance in modern peacetime when trade has been asked to adapt so quickly. TPP, Brexit, NAFTA, and steel tariffs, which would have been the biggest stories just months ago, are now muffled background noise to the rhetoric of a Trade War between two of the world’s most important economies.

China Customs has been steadily making changes to the Customs Declaration Form (CDF) in order to better capture the data they believe is important to compliance enforcement and trade policy. This is the fourth major change to the CDF, which was announced in June and went into effect on August 1, 2018.

It is probably not an exaggeration to say that the results of the Malaysian General elections in May of this year took nearly everyone by surprise... But with a Trump-Kim meeting happening, four time champions Italy not making the FIFA World Cup, and Loki actually dying in an Avengers movie, is there anything that really surprises anyone anymore?

On March 20, the 13^th National People's Congress of China has formally reached an agreement on the institutional reform plan of the Chinese governmental agencies submitted by the State Council.  According to the restructuring plan, many governmental agencies related to import and export operations will be integrated or simplified, and the related parties’ working scope shall be adjusted as well.

Tradewin has summarized the developments as relates to import/export as follows:

The responsibilities and personnel of China and Inspection Quarantine (CIQ) shall be integrated into China Customs.