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Small and medium-sized businesses that import into the U.S. are under the same obligation to comply with complex laws and regulations as large multinational corporations. Thankfully, implementing compliance measures is easier and less costly than many small business owners and managers realize.
In addition to TPA, which is generally seen as a key part of securing new free trade agreements with a dozen Asia-Pacific countries and the 28-member European Union, Senate Finance gave bipartisan support to an expansion of the Trade Adjustment Assistance program; reauthorization of the Generalized System of Preferences, the African Growth and Opportunity Act and trade preferences for Haiti; and a customs reauthorization bill.
Importers, customs brokers and others are following closely a wide-ranging customs reauthorization bill that looks ready to advance through both the House and Senate in conjunction with trade promotion authority legislation.
The WTO’s Committee on Trade-Related Investment Measures reviewed 14 complaints about investment measures in Indonesia, Russia, India, China and other countries that allegedly favor domestic over imported products through local content requirements.
Just days after its long-awaited introduction in the House and Senate, legislation to advance a host of trade liberalization initiatives will move forward this week with hearings and markups in both chambers.
A recent operation is part of a continued effort to interrupt what CBP calls “an extensive network of purposely mislabeled and high-risk agriculture products coming from Hong Kong, China, India and Saudi Arabia” and destined for locations such as ethnic restaurants, food stores and private residences.
Legislation to reauthorize trade promotion authority and extend several trade liberalization programs was introduced in the House and Senate April 16, sparking hope that a long-delayed trade agenda could finally move forward this year.
WTO Director-General Roberto Azevedo called on member countries to respond by withdrawing protectionist measures, improving market access, avoiding policies that distort competition and striving to agree on reforms to global trade rules.
The Federal Maritime Commission released April 13 the first in a series of planned reports on U.S. port congestion, focusing on detention and demurrage charges for containerized imports and exports.
U.S. Customs and Border Protection’s long-awaited transition from the Automated Commercial System to the Automated Commercial Environment will begin May 1. However, customs brokers and self-filers should be especially focused on the Nov. 1 deadline for all entries and entry summaries to be filed in ACE.
The report’s findings with respect to China and Korea could provide ammunition for U.S. lawmakers seeking to include provisions to address currency manipulation in a trade promotion authority bill that could be introduced by the end of the month.