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 [...]
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: – [...]
Enhanced Restricted Party Screening and License Determination and Management among New Features Management Dynamics today announced the release of Export On-Demand 1.2, its export compliance solution for small and medium-sized exporters. The new release provides for enhanced compliance screening and management of export licenses. Easily configured and deployed in a SaaS-based model, Export On-Demand can [...]
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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.
An industry leading organization specializing in window covering was able to save over $6M in duty as a result of having an effective integrated trade compliance strategy and coordinating NAFTA with organizational processes.
Please join AberdeenGroup and distinguished industry executives as they discuss global trade management initiatives and practices within their enterprises around Foreign Trade Zones, Restricted Party Screening, 10+2 and other initiatives. Key topic areas covered in the recent report will also be highlighted.
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.