Industry Insights
Upholding Compliance: Exercising Reasonable Care
In the intricate realm of international trade, importers shoulder the responsibility of ensuring compliance with a plethora of regulations enforced by U.S. Customs and Border Protection (CBP). Central to this obligation is the concept of exercising “reasonable care.” Here I’ll explore the significance of reasonable care for importers, its role in import compliance, and strategies for implementation.
A Path to Compliance: Understanding Prior Disclosures
In the realm of international trade, importers must adhere to a myriad of regulations set forth by U.S. Customs and Border Protection (CBP) to ensure compliance with customs laws. In cases where errors or omissions are identified, the Prior Disclosure…
The Power of Transparency: Voluntary Self-Disclosures
In the dynamic landscape of international trade, exporters must navigate a labyrinth of regulations set forth by the Bureau of Industry and Security (BIS) to ensure adherence to export control laws. When facing potential violations or errors in export transactions,…
Export Sanctions & Embargoes: Risk Management
Export sanctions and embargoes are governmental measures imposed to restrict or prohibit the exportation of goods, services, or technologies to certain countries, entities, or individuals. These measures are typically enacted for various reasons, including national security concerns, human rights violations,…
The Benefits of CTPAT Certification
In an era where supply chain security is paramount, the Customs-Trade Partnership Against Terrorism (CTPAT) certification stands as a beacon of trust and reliability. Let’s explore the significance of CTPAT certification, its benefits for businesses, and how it enhances the…
Country of Origin Determination
In the complex landscape of international trade, the concept of “country of origin” holds profound implications for businesses and consumers alike. Let’s explore why this aspect is crucial, its impact on trade dynamics, and its role in shaping consumer perceptions.…
Demystifying Export Licenses
In the intricate landscape of international trade, export licenses play a pivotal role in ensuring compliance with regulations and fostering responsible business practices. Let’s delve into the fundamentals of export licenses and why they matter. Introduction: Export licenses are official…
HTSUS Classification
In the realm of international trade, the Harmonized Tariff Schedule of the United States (HTSUS) classification is a critical element that businesses need to grasp. Let’s unravel the intricacies of HTSUS classification and its significance in navigating the global trade…
USMCA: A New Era in North American Trade
The United States-Mexico-Canada Agreement (USMCA) represents a significant milestone in North American trade, ushering in a new era of collaboration and economic synergy. Here we’ll briefly explore the key aspects of the USMCA, its impact on businesses, and the opportunities…
Empowering Success: The Crucial Role Compliance Training
In the intricate realm of international trade, where regulations and policies shape the landscape, the importance of import and export compliance training cannot be overstated. This training is not merely a legal requirement; it serves as a strategic investment that…
Combatting Forced Labor: Global Accountability
Forced labor remains a persistent global challenge, drawing increased attention from both the public and governments. Recent developments in legislation, such as Canada’s new reporting requirements and ongoing efforts in the United States, underscore the global commitment to eradicate this…