On: December 14, 2020 By: Leslie Glick
Importers and exporters have become increasingly familiar with Section 301 of the Trade Act of 1974 due to its recent use to impose tariffs on Chinese goods. This statute has been used over the past 45 years to eliminate trade barriers with other countries and open markets to U.S. exports.
On: November 23, 2020 By: John Goodrich
Before you can identify the proper Harmonized Tariff Schedule (HTS) code for your products for importing and exporting, you need to understand the General Rules of Interpretation (GRI). In addition, there are some practical steps you need to follow to improve the classification process.
On: October 26, 2020 By: John Goodrich
When determining the proper Harmonized Tariff Schedule (HTS) code for your products, it's important to refer to the General Rules of Interpretation (GRI) for guidance. Unfortunately, some people rely on one or more of these six additional GRIs that aren't part of the official rules.
On: April 8, 2020 By: David Noah
Too often, U.S. companies involved in importing and exporting think only in terms of U.S. dollars. But doing so increases your risks while limiting your profitability. Here are four reasons you should explore currency exchange services to help protect your international transactions.
On: February 17, 2020 By: Catherine J. Petersen
A Manufacturer’s Affidavit may be required for your exports and imports. For exports, it may be used in lieu of a certificate of origin or to satisfy a letter of credit. For imports, it may help verify goods being returned are of US-origin, have not been altered, and are duty-free.
On: January 13, 2020 By: Arnesh Roy
A Foreign Trade Zone (FTZ) is a designated areas within the United States that is legally outside of the customs territory of the United States. Goods that reside within an established FTZ haven’t yet cleared customs allowing companies to save money and make their products more competitive.
On: October 9, 2019 By: David Noah
The International Chamber of Commerce (ICC) has released the new Incoterms 2020 rules that identify the responsibilities of buyers and sellers for the delivery of goods in international trade. The terms also identify when the risk for those goods transfer from the seller to the buyer.
On: July 15, 2019 By: Tracy A. Smith
When properly applied, import-export trade compliance metrics drive process efficiencies, provide better visibility, and promote the efforts of the trade compliance group to the executive team and throughout the entire organization.
On: June 5, 2019 By: David Noah
Getting your goods through customs can be difficult if you don't know a country's import requirements. Requirements extend to shipping (hazmat, dangerous goods, routing, etc.), customs, and beyond. So how do you identify import country requirements for nearly 200 countries around the world?
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