Managing Imports and Exports
Managing Imports & Exports is the leading source of information on customs policies and procedures, BIS rules and regulations, and how best to enhance your compliance programs. Managing Imports & Exports provides “best in class” practices for developing a successful international trade program, reducing international risk, streamlining costs, and managing your department and career. Each issue includes expert advice on import and export management best practices, the latest updates on trade policies and duty issues, timely information to help you respond to recent customs alerts and concise how-to tips to successfully manage your import/export operations while controlling costs.
November 2008 - Table of Contents
While the Bureau of Industry & Security has for some time encouraged trade pros to apply for export and re-export licenses electronically, e-filing through the agency’s Simplified Network Application Process-Redesign (SNAP-R) was set to become mandatory on Oct. 20.
Import pros who believe that recent amendments to the 1981 Lacey Act apply only to importers of actual plants need to take a much closer look. Any product or component of a product derived from a plant is affected by the new import reporting requirement, which takes effect Dec. 15. The Lacey Act was designed to prevent imports of illegally logged lumber. The amendments seek to include any downstream products made from illegal timber.
U.S. exports continue to hit records—the one bright spot in an ever-gloomier economic picture. Manufactured goods exports, for example, jumped 22 percent in July, bringing the total for the first seven months of 2008 to $669 billion (16 percent over the same period last year).
Given the continued record growth of U.S. imports and exports, it’s not surprising that more trade professionals are taking advantage of the benefits of foreign trade zones (FTZs) to increase efficiencies and lower costs. In 2006, for example, the value of goods processed through U.S. FTZs reached $491 billion (a 20 percent increase over 2005), according to the National Association of Foreign Trade Zones (NAFTZ). The value of exports from FTZs in 2006 was $30 billion (see graph) and is increasing at double the rate of growth of U.S. manufactured exports as a whole.
How Trade Pros Should Prepare for Changes to Rules of Origin What You Need to Know About Congress Revamping Export Controls How Drawback Reform Impacts Your Import-Export Function Dealing With Preshipment Inspection in Global Markets Protecting Your Valuable Intellectual Property in Global Markets How to Avoid Prosecution Under the Foreign Corrupt Practices Act…
Any U.S. importer or exporter with foreign suppliers or clients needs to ensure it is in compliance with economic sanctions programs administered and enforced—increasingly aggressively—by the Treasury Department’s Office of Foreign Asset Control (OFAC). With OFAC having just released on Sept. 8 its latest “Economic Sanctions Enforcement Guidelines,” now is a good time for trade pros to review and update their OFAC compliance procedures.
Manufacturing Exports To U.S. FTA Partners Yield Trade Surplus
The United States now runs a trade surplus in manufactured exports with its 14 free trade agreement (FTA) partners.
For the first five months of 2008, the trade balance in manufactured goods was $2.7 billion, compared with a $12.3 billion deficit for the same five months in 2007—a dramatic turnaround. That 122 percent improvement in manufactured exports to FTA partners also contrasts sharply with a manufactured…
EXPORT OPERATIONS, CONTROLS. Las Vegas, Nov. 3-4. Contact: www.unzco.com.
MANAGING HTS. Seattle, Nov. 10. Contact: www.theworldacademy.com.
IMPORT OPERATIONS & PROCEDURES. Long Beach, Calif., Nov. 10-11; Woodbridge, N.J., Nov. 17-18; Raleigh, N.C., Dec. 8-9. Contact: www.unzco.com.
C-TPAT CERTIFICATION TRAINING. Seattle, Nov. 11. Contact: www.theworldacademy.com.
IMPORT/EXPORT OPERATIONS, DOCUMENTATION & COMPLIANCE. Seattle, Nov. 12-13. Contact: www.theworldacademy.com. …
MIE’s “Ask the Experts” team—Alan Gaudio, Robert Imbriani, and Joseph Zodl, consultants for Unz & Co.—answer readers’ import- or export-related questions. This month’s column is by Alan Gaudio. Readers may submit questions to cdhorner@ioma.com.
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