With the May 14th presidential proclamation putting the US-Colombia free trade agreement into force, it has never been more critical for GTM software users to understand the importance of the trade content that powers their solutions. Because FTAs specify changes in rules of origin and HS codes, it is important that organizations using global trade [...]
On May 14, 2012, President Obama signed the presidential proclamation that put the United States-Colombia free trade agreement into force. Designed to promote the flow of certain goods and services between the countries, the free trade agreement was years in the making. According to the Office of the US Trade Representative (USTR), the tariff reductions [...]
The US–South Korea Free Trade Agreement will go into full effect tomorrow, March 15, 2012. With this FTA, roughly 80% of US exports of industrial products to South Korea will be duty free, while two-thirds of US exports of agricultural products will also become duty-free. The International Trade Commission estimates that the reduction of South [...]
President Obama recently signed an executive order, establishing the Interagency Trade Enforcement Center (ITEC) within the U.S. Trade Representative (USTR). The Obama administration is aimed at doubling exports by the year 2015, and this new agency will help facilitate that goal. According to Ron Kirk, Ambassador of USTR, the ITEC is among the most significant [...]
On October 12, the United States Congress ratified several landmark free trade agreements (FTAs) with South Korea, Colombia and Panama. While still awaiting the President’s signature, which is expected, these agreements are sure to usher in a new level of trade activity with these countries. Proponents list a host of benefits from FTAs, including: – [...]
Both importers and exporters can realize cost savings with the help of Free Trade Agreements, such as NAFTA. After surveying import and export compliance managers from 200 firms, Customs & Trade Solutions, Inc. and Management Dynamics have uncovered key trends in managing the complex Free Trade Management process. Join our webinar, Best Practices for Managing Free [...]
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Since December, when President Barack Obama and South Korean President Lee Myung-bak announced that they made further progress on US-South Korea Free Trade Agreement (KORUS-FTA), the agreement has been highly debated on its way to Congress.
This post highlights the importance of doing the appropriate research and background checks of all the cost and regulatory elements BEFORE you commit buying components or finished goods from new off shore vendors.
Given the advantages of NAFTA, companies seek to widen the advantages of reduced duty impact – but what are the best means to accomplish this goal? Our survey of 200+ firms established best practices and uncovers many interesting usage statistics.