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

Importers are leaving millions of dollars on the table in what might otherwise be legally avoidable duties, simply because they’re unaware of, or unsure of, how to take advantage of a tax reduction program called the First Sale for Export rule.

News & Analysis

22 Jun 2015
Kenya is set to introduce a national single window system to streamline importing and exporting processes, ahead of trade powerhouses such as the U.S.
11 Jun 2015
U.S. shippers are set to regain access to duty-free imports from developing countries after Congress renewed the country’s Generalized System of Preferences program.
09 Jun 2015
It’s been more than a decade in the making, but the Mexican government has finally cleared a hurdle that prevents U.S. Customs and Border Protection agents from pre-clearing cargo south of the border.
09 Jun 2015
Alberta manufacturers and retailers can improve their cash flow by getting their factories and distribution centers designated within two newly-establish free trade zones.
20 Mar 2015
Near-unprecedented congestion in Virginia has prompted the state port authority there to reach out to U.S. Customs and Border Protection for permission to pay overtime for customs officers working extended operating hours.
16 Mar 2015
The U.S and Canada signed a historic agreement Monday establishing the framework for pre-clearance processes at U.S.-Canadian border crossings, marking the first time pre-clearance will be available for all modes of transportation — land, rail, marine and air — in both countries.
11 Mar 2015
Global trade management company Amber Road adds new sourcing and manufacturing capabilities by acquiring Hong Kong-based ecVision.
10 Mar 2015
U.S. federal agencies able to slow and hold imports are finally getting down to brass tacks as the deadline for President Obama’s new comprehensive trade system nears.
U.S. Customs and Border Protection inspectors check container at Port of Baltimore.
23 Feb 2015
A looming shutdown of the Department of Homeland Security could put U.S. international trade, not just national security, at risk, President Obama warned Monday, though in reality trade at ports of entry will not be delayed even in the event of a DHS shutdown.