Customs Regulations

Customs Regulations

In the years since the Sept. 11 terrorist attacks, perhaps no government agency has evolved as much as U.S. Customs and Border Protection. From port initiatives such as the Container Security Initiative to partnering with industry in the Customs-Trade Partnership Against Terrorism, CBP is now front-and-center on virtually every international company's radar screen. Failure to comply with CBT's myriad and seemingly ever-evolving regulations can cost a company millions of dollars in fines. Overseas, customs agencies can be even more of a bureaucratic minefield and corruption is rampant in many emerging markets. In an increasingly global marketplace, how companies cope with myriad customs regulations can spell the difference between success and failure in an international strategy.

Commentary

Being compliant with trade regulations among various federal departments goes a long way to getting your company where it needs to end up in order for costs to be consistent and predictable.

News & Analysis

09 Jan 2015
The U.S. Department of Homeland Security is working with slightly more than a dozen federal agencies to help them better determine what shipments are high risks and which ones can be cleared faster because they pose less of a potential threat.
08 Jan 2015
U.S. Customs and Border Protection will continue to go beyond standard operating procedures until the Los Angeles-Long Beach port complex is free from congestion and productivity is back to normal, the assistant director for field operations at the agency in Southern California said Thursday.
Gil Kerlikowske
06 Jan 2015
Since taking the reins of U.S. Customs and Border Protection in March 2014, Commissioner Gil Kerlikowske has met with shippers, brokers and others to better understand trade facilitation and what the agency can do to help. Associate Managing Editor Mark Szakonyi met with the former U.S. drug czar in early December to discuss how Customs will work this year to expedite cargo processing without sacrificing security.
05 Jan 2015
All of the leading seaports and airports in India moved to a 24/7 customs clearance operation as of Dec. 31, paving the way for a boost in the country’s export and import trade.
12 Dec 2014
NVOCCs and forwarders will be required to submit house bills of lading to China customs when the country's advanced manifest system is implemented in March.
11 Dec 2014
A U.S. Customs and Border Protection pilot project that allows shippers to reimburse the agency for additional staffing during normal hours and overtime work could help seaports deal with the growing threat of congestion.
08 Dec 2014
Descartes Systems Group has acquired two companies for about $11.8 million that will help the Waterloo, Ontario-based transportation technology provider expand its European reach.
04 Dec 2014
Transportation technology provider Descartes increased its net income 91 percent year-over-year in the third quarter, citing the industry's growing reliance on logistics technology to handle increased trade regulation.
02 Dec 2014
U.S. and Singapore shippers and transportation providers in their countries’ trusted trader programs are poised to see faster cargo processing after customs agencies from both countries yesterday signed two major agreements.
18 Nov 2014
European Union trade partners are implementing trade-restricting measures at at “alarming” pace and their efforts to remove such hindrances has slowed, according to an annual EU report on protectionism released yesterday.