GAO: Give FDA More Authority Over Imported Food

Posted by Caroline on Fri, May, 28 2010 @ 8:29 AM

The GAO (General Accountability Office) just came out with a new report calling for increases to the FDA's authority over imported food items in our supply chains.

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Topics: FDA, CBP, customs compliance, food safety

Big Retailers, Wal-Mart and Tesco Go Above and Beyond For India

Posted by Marketing Coordinator on Thu, May, 27 2010 @ 10:49 AM

What are your corporate strategies during the recession and afterwards? According to ABC News, large retailers, such as Wal-Mart, Tesco and Carrefour, it is to merge into the Indian market...but for what price?

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Topics: retail, Trade relations, Import

Boeing Urges Progress Towards Trade Agreements

Posted by Marketing Coordinator on Thu, May, 27 2010 @ 10:7 AM

According to today's Financial Times, Boeing is urging Congress to pass languishing free trade agreements with Colombia and South Korea.

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Topics: US, panama, EU, Colombia, South Korea

White House to Propose Split Export Control Enforcement

Posted by Caroline Brown on Thu, May, 27 2010 @ 6:10 AM

According to this Defense News article, the Obama administration will propose splitting US export enforcement authorities among various federal entities. They don't think administrative and criminal enforcement should be housed under one agency, as it is today. Instead, administrative issues will be handled by one "enforcement coordination agency," while criminal issues will be handled by another agency (possibly several). As you are probably aware, one of the Obama administration's goals is to overhaul current US export control regulations to make US companies more competitive in world trade. Eric Hirschhorn, undersecretary of commerce for industry and security, says the general consensus in Washington is that current export control laws are "too complicated, too redundant, and protect too much."

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Topics: U.S. exports, export control

New Report Available for Free: Trade Forecast 2010

Posted by Emily Thornton on Thu, May, 27 2010 @ 5:35 AM

American Shipper magazine, in cooperation with IHS Global Insight, has made available for free on their website a report on ocean transportation projections and analysis. This report takes a look at international containerized ocean freight volumes, factors driving growth, obstacles to growth, and key industry trends.

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Topics: State of transportation industry

China, Japan, S.Korea Launch Joint Research on Free Trade Area

Posted by Caroline Brown on Wed, May, 26 2010 @ 12:7 PM

On My 6, China, Japan and South Korea kicked off a joint research project that focuses on setting up a free trade area (FTA) among the three nations. The first round of meetings took place in South Korea. The three nations will make efforts to complete the joint research ahead of the trilateral leaders' meeting of the three countries in 2012.

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Topics: Trade Watch, Free Trade Area, Free Trade Agreement

Companies Turning to SaaS for Transportation Management Solutions

Posted by Emily Thornton on Wed, May, 26 2010 @ 7:52 AM

The ARC Advisory Group recently released a study that discussed the current state of the Transportation Management System (TMS) market. According to this study, the TMS market has prevailed despite current economic conditions, due largely in part to the increasing popularity of software-as-a-service (SaaS) models. In fact, the sale of TMS solutions in traditional software models has decreased drastically over the years.

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Topics: SaaS, International transportation management

Foreign Regulatory Changes Might Affect US Exports

Posted by Caroline Brown on Tue, May, 25 2010 @ 2:12 PM

According to World Trade\INTERACTIVE, the World Trade Organization has been notified of several proposed regulatory changes that may affect US exports of the following products:

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Topics: U.S. exports, Regulatory Updates

Export Control Basics Webinar

Posted by Caroline Brown on Mon, May, 24 2010 @ 8:24 AM

What You Don't Know CAN Hurt You

Export Control Basics for Brokers, Forwarders and 3PLs

Sandler, Travis & Rosbenberg, P.A. is hosting a webinar that will provide you with an overview of the various agencies in charge of controlling exports from the United States (BIS, OFAC, CBP, etc.). As you are well aware, export enforcement has been stepped up - with increasing penalties for those who don't follow the rules. The webinar will be on June 3, from 1-2 pm. It will be hosted by Peggy Chaplin Louie, who assists clients with both import and export regulation compliance and international shipping issues. Follow this link to register. (The cost is $75, but I think it's well worth it.)

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Topics: OFAC, BIS, export enforcement, export control, CBP

NAFTA Benchmarking Survey

Posted by Caroline on Mon, May, 24 2010 @ 4:30 AM

Are you interested in learning about the best practices of firms qualifying product for NAFTA and other Free Trade Agreements?

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Topics: NAFTA, Trade Agreement Management, customs compliance, nafta compliance

Take the NAFTA Benchmarking Survey

Posted by Marketing Coordinator on Fri, May, 21 2010 @ 9:37 AM

Are you interested in learning about the best practices of firms qualifying product for NAFTA and other Free Trade Agreements?

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Topics: Duty Management, Bill of Material Qualification, Trade Agreements, Product Claim Details

U.K. Firm Fined $2 Million After Pleading Guilty to Exporting Aircraft to Iran

Posted by Caroline Brown on Fri, May, 21 2010 @ 8:1 AM

The U.S. Department of Justice announced that Balli Aviation Ltd., a subsidiary of the UK-based Balli Group PLC, plead guilty to illegally exporting commercial Boeing 747 aircraft from the U.S. to Iran. The U.S. District Court for the District of Columbia sentenced the company to pay a $2 million fine. They will also serve a five-year corporate period of probation.

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Topics: DOJ, illegal export

Restricted Party List Updates (US)

Posted by Caroline Brown on Fri, May, 21 2010 @ 7:35 AM

1. OFAC Sanctions has added 3 RPL records.

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Topics: Restricted Party List Updates

Miami Resident Pleads Guilty to Conspiracy to Defraud Export-Import Bank

Posted by Caroline Brown on Mon, May, 17 2010 @ 12:39 PM

The Justice Department reports that Miami resident Guillermo Sanchez, 55, pleaded guilty to charges that he conspired to defraud the Export-Import Bank of the United States of approximately $854,000. Sanchez falsely acted as an exporter of construction equipment to South America in 10 different loan transactions.

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Topics: Trade Watch

U.S.-China Commission to Meet on China's WTO Compliance

Posted by Caroline Brown on Fri, May, 14 2010 @ 6:18 AM

The U.S.-China Economic and Security Review Commission will hold an open public hearing on June 9, 2010. Taking place in Washington, DC, the hearing (entitled "Evaluating China's Role in the World Trade Organization over the Past Decade") will examine the economic, political and security implications of China's entry into the WTO and its compliance with WTO rules.

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Topics: WTO, U.S.-China Economic and Security Review Commission, Trade Watch

International Compliance Professional Association Conference in Amsterdam

Posted by Caroline on Thu, May, 13 2010 @ 10:15 AM

Management Dynamics will be exhibiting at ICPA’s First Annual European Conference, in Amsterdam June 13 – 15. If you have not registered yet, it’s not too late. (We’d love to see you there!)

Conference sessions will include:

  • Trade Compliance Implications of Simplified EU Law
  • Confronted with an Audit: The Do’s and Don’ts
  • Customs Classification –The Latest Developments in EU Law
  • The Impact of the AEO Legislation: Lessons Learned from the Pilot Project & Implementations in Other Member States
  • Compliance with EU Sanctions
  • Export Control Fundamentals for Trade Compliance Managers
  • Introduction to Customs Valuation and Transfer Pricing
  • VAT Implications of Transfer Pricing & Customs Adjustments
  • Centralized Clearing
  • Rules of Origin
  • IT Challenges in Effective Export Control Compliance
  • Conducting Effective Internal Audits: Best Practices
  • Tariff Engineering: Developments, Issues & Opportunities
  • Risk Determination for Export Compliance
  • EU Trade Compliance Share Forum: Overview & Proceedings
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Topics: conferences, EU, ICPA, customs compliance

Management Dynamics and FTZ Corporation Announce Strategic Partnership

Posted by Caroline Brown on Thu, May, 13 2010 @ 9:50 AM

Management Dynamics, a leading provider of Global Trade Management solutions, has announced a strategic partnership with FTZ Corporation, a leading provider of Foreign-Trade Zone consulting services and developer of the SmartZone Premier application. The partnership seeks to expand the use of foreign-trade zones integrated with core Global Trade Management (GTM) processes of import, export and trade agreement management. Follow this link for more information.

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Topics: Press Releases, FTZ Corporation, Management Dynamics

International Compliance Professional Association Conference in Amsterdam

Posted by Marketing Coordinator on Thu, May, 13 2010 @ 8:15 AM

Management Dynamics will be exhibiting at ICPA’s First Annual European Conference, in Amsterdam June 13 – 15. If you have not registered yet, it’s not too late. (We’d love to see you there!)

Conference sessions will include:

  • Trade Compliance Implications of Simplified EU Law
  • Confronted with an Audit: The Do’s and Don’ts
  • Customs Classification –The Latest Developments in EU Law
  • The Impact of the AEO Legislation: Lessons Learned from the Pilot Project & Implementations in Other Member States
  • Compliance with EU Sanctions
  • Export Control Fundamentals for Trade Compliance Managers
  • Introduction to Customs Valuation and Transfer Pricing
  • VAT Implications of Transfer Pricing & Customs Adjustments
  • Centralized Clearing
  • Rules of Origin
  • IT Challenges in Effective Export Control Compliance
  • Conducting Effective Internal Audits: Best Practices
  • Tariff Engineering: Developments, Issues & Opportunities
  • Risk Determination for Export Compliance
  • EU Trade Compliance Share Forum: Overview & Proceedings
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Topics: free trade agreements, EU, free trade

ICPA 1st Annual European Conference

Posted by Emily Thornton on Thu, May, 13 2010 @ 5:11 AM

Management Dynamics will be exhibiting at ICPA's First Annual European Conference, in Amsterdam June 13 - 15. If you have not registered yet, it's not too late. (We'd love to see you there!)

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Topics: ICPA

Foreign Trade Zones Generate Cash

Posted by nathan on Wed, May, 12 2010 @ 1:40 PM

Foreign Trade Zones have been in use for nearly seventy six years with the passage of the Foreign Trade Zones Act of 1934 to expedite and encourage foreign commerce. Foreign Trade Zones are now a key component of U.S. trade policy and offer companies several opportunities to reduce costs with:

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Topics: Duty Management, Foreign-Trade Zones

After a Challenging 2009 for Container Shipping, 2010 Not Looking Much Better

Posted by Emily Thornton on Wed, May, 12 2010 @ 10:29 AM

Last year, shippers were faced with increasing rates as carriers recovered from profit loss and limited space on vessels as carriers reduced capacity. The hope was that in 2010, things would pick up. Unfortunately, it doesn't look like that will be the case. As discussed in this opinion piece from Supply Chain Brain, carriers will only be adding capacity if they see significant market growth (which hasn't happened yet). Delayed shipments can also be expected, as carriers make service changes to conserve fuel (the on-time deliver rate in 2009 was only 55%!)

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Topics: Container shipping, Economy

Foreign Trade Zones: Management Dynamics & FTZ Corporation Partner Up

Posted by Marketing Coordinator on Wed, May, 12 2010 @ 7:52 AM

Management Dynamics and FTZ Corporation Announce Strategic Partnership
Alliance will Integrate & Expand Use of Foreign Trade Zones in Global Trade Management
EAST RUTHERFORD, NJ, May 12, 2010 -- Management Dynamics, a leading provider of Global Trade Management solutions, today announced a strategic partnership with FTZ Corporation, a leading provider of Foreign Trade Zone consulting services and developer of the SmartZone Premier application. The partnership seeks to expand the use of foreign-trade zones integrated with core Global Trade Management (GTM) processes of import compliance, export compliance and trade agreement management.

Foreign Trade Zones have been in use for nearly seventy six years with the passage of the Foreign Trade Zones Act of 1934 to expedite and encourage foreign commerce. Foreign Trade Zones are now a key component of U.S. trade policy and offer companies several opportunities to reduce costs with:

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Topics: free trade agreements, Trade Agreement Management, free trade

Management Dynamics and FTZ Corporation Announce Strategic Partnership

Posted by Emily Thornton on Wed, May, 12 2010 @ 5:27 AM

Alliance will Integrate and Expand the Use of Foreign Trade Zones in Global Trade Management

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Topics: partnerships

New Management Dynamics, FTZ Corp. Partnership to Save Companies Millions

Posted by Marketing Coordinator on Wed, May, 12 2010 @ 5:12 AM

Management Dynamics and FTZ Corporation Announce Strategic Partnership
Alliance will Integrate and Expand the Use of Foreign Trade Zones in Global Trade Management

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Topics: global trade, GTM, Global Trade Relations, Trade relations, Management Dynamics, Free Trade Agreement, Did You Know...

Landed Cost Update (US)

Posted by Caroline Brown on Mon, May, 10 2010 @ 6:33 AM

The United States has added long descriptions to certain HTS which currently have short descriptions. In addition, it adds 3 new HTS for chapter 98. The following HTS chapters are affected: 03, 07, 08, 24, 32, 39, 72, 73, 85 and 98.

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Topics: landed cost, Landed Cost Updates, HTS Chapter 32, HTS chapter 39, HTS chapter 08, HTS chapter 07, HTS chapter 73, HTS chapter 72, HTS chapter 85, HTS chapter 03, HTS chapter 24, HTS chapter 98

Management Dynamics Among the Top 100 Logistics IT Providers

Posted by Caroline Brown on Fri, May, 7 2010 @ 5:57 AM

Inbound Logistics honors Management Dynamics with its seventh Top 100 Logistics It Providers award. Management Dynamics was selected because its solution offerings solve specific logistics challenges and improve processes, and create a ripple effect of efficiencies across the entire value chain.

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Topics: Inbound Logistics, Top 100 Logistics IT Providers

FSIS Signs Procedural Agreement with Mexico on Trade in Meat, Poultry, Eggs

Posted by Caroline Brown on Thu, May, 6 2010 @ 10:14 AM

The Food Safety and Inspection Service has announced the signing of a procedural agreement with Mexico's National Service of Health, Food Safety, and Agro-Alimentary Quality (SENASICA). The agreement focuses on matters of equivalence and audit procedures, as well as the listing and delisting of eligible establishments for the export of meat, poultry and eggs.

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Topics: SENASICA, Food Safety and Inspection Service, Trade Watch, FSIS

Survey: How Do You Manage Import Compliance?

Posted by Caroline on Thu, May, 6 2010 @ 8:45 AM

2010 Direct Import Survey:

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Topics: direct import, survey, customs compliance

Carrier Service Update (CSAV)

Posted by Caroline Brown on Mon, May, 3 2010 @ 6:42 AM

CSAV is pleased to announce the new American Express Service (AMEX). The first sailing is scheduled for May 16, 2010. Port rotation will include the following locations: Ningbo, Shanghai, Qingdao, Xingang, Busan, Kingston, Port Everglades, Port Elizabeth, Charleston, Caucedo, and Cartagena.

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Topics: America Express Service, AMEX, CSAV