In my former life as an export agent, I dreaded getting calls from a supplier who was shipping under a “Routed Transaction.” In most cases, the supplier would insist that they did not have any obligations to provide any information. They thought that when the terms were Ex Works (EXW), they could say “we fulfilled our obligations; please pick up the freight.”
The jobs, however, seem to be creating serious concerns amongst Australian labor force. The Australian Union, who was campaigning against ChAFTA, is arguing that the easing of labor market restrictions will inevitably jeopardize Aussie jobs and flood the country with unskilled workers. This is of course is a political debate that continues as I type these words; not for a humble trade consultant to comment on!
The long discussed, debated, and awaited China-Australia Free Trade Agreement (ChAFTA), which was first proposed in 1999 and since then has been in the works, was finally signed on June 17, 2015 in Canberra.
With China-Australia FTA having been the third in the quick succession of three FTAs Australia signed with its major trading partners, Korea, Japan and China in almost one year, Australia's exports and GDP are predicted to grow significantly.
By now, you may have noticed that I associate a large portion of my blogs with something near and dear… My sweet cherubs. In our house, we have some simple “no-no rules.” They are pretty standard, don’t shave the dog, don’t put gum in your brother’s hair, you see where I am going here, pretty straight forward…..
Topics: Export Compliance
As regional companies look to grow into multi-nationals in the never-ending search for new markets, an understanding of Global Trade Compliance becomes critical for several reasons. One of the most obvious reasons is to reduce the risk of running afoul of local laws and regulations. Additionally, maintaining a consistent and reliable supply chain and taking advantage of various government programs such as Free Trade Agreements, Duty Drawback, Security Programs and other initiatives designed to benefit compliant importers and exporters speeds the supply chain and saves money.
As companies expand into more and more markets, inevitably they reach a critical mass where the need to standardize compliance functions across multiple geographies, business units, and Customs regimes becomes apparent. By “apparent,” we mean that you have done such a good job that you have been gifted compliance responsibilities for not 1 country, but 108. This is often a daunting task given the labyrinth of varying trade regulations. The first phase to this process is assessing the company’s current state compliance profile on a global basis, then moving to implement global frameworks to bring a level of consistency across the network. Here are a few simple steps to get you started: