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.
Both the growing complexity of global trade and the relentless rise in freight costs continue to push companies to outsource some or all of their logistics functions. As veteran trade professionals know, however, such outsourcing must be carried out very carefully and deliberatelyand then new partnerships must be actively and effectively managed.
Every year, tens of millions of dollars are left on the table due to cargo insurance claim errors. These errors mainly fall into two categories:
As U.S. companies continue to export more overseas, taking advantage of the weak dollar to buttress slowing domestic sales, export and global credit managers are rolling up their sleeves to meet new challenges.
Unprecedented opposition to Customs & Border Protections (CBP) "10 + 2" Importer Security Filing rule is calling into question whether the regulation can survive in its present form.
The Bureau of Industry and Security (BIS) just launched the BIS Online Training Room (www.bis.doc.gov/seminarsandtraining/seminar-training.htm), a valuable resource for trade pros needing to train staff to comply with ever more aggressively enforced U.S. export control regulations.
More Companies Turn to Trade Credit Insurance: What You Need to Know
As a steadily weaker U.S. dollar combined with strong global demand powers U.S. exports to new records each month, its a good time for trade pros to re-examine their approach to assessing country risk.
EXPORT OPERATIONS/FTA/EXPORT CONTROLS. Woodbridge, N.J., May 19-22; Cleveland, June 2-4; Washington, D.C., July 14-17. Contact: www.unzco.com.
According to the Bureau for Economic Policy Analysis, based in the Netherlands, the rate of growth of world trade dropped to just 0.2 percent in the first three months of 2008 (compared with 6.9 percent from August 2007 to October 2007). The figures are the lowest since the 2001 economic downturn.
MIEs Ask the Experts teamAlan Gaudio, Robert Imbriani, and Joseph Zodl, consultants for Unz & Co.answer readers import- or export-related questions. This months column is by Robert Imbriani, vice president, international operations, Associated Global Systems. Readers may submit questions to cdhorner@ioma.com.
Managing Imports & Exports is part of...