Information, deadlines and resource documents for U.S. trade and tariff actions and the responses by the rest of the world.
Internationally recognized trade compliance training.
May 23, 2023
2:00 PM ET -
3:00 PM ET
1 CCS Credit
Biopharma and life sciences companies face unique challenges when valuing their research and development, clinical, commercial, and compassionate use products for cross-border transactions. These valuation decisions must comply with U.S. customs and tax laws, while complementing the company’s business and tax strategies. Every day, these companies enter into development and supply agreements, license technologies, sign royalty agreements, and source necessary materials to create innovative therapies. What often complicates these transactions is whether their value or cost must be added to the declared value of imported materials. This webinar provides an overview of basic U.S. customs law valuation principles and highlights specific areas for review relevant to the industry.
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ANDREA K. JEGLUM is an associate for Sandler, Travis & Rosenberg, P.A., located in the Boston area. She concentrates her practice on customs compliance matters including tariff classification, country of origin, valuation, trade agreements, foreign-trade zones, and duty reduction programs. Prior to joining ST&R Ms. Jeglum served for more than 15 years leading global pharmaceutical and biotechnology companies through the complexities of global trade and related regulatory compliance matters.
MARK J. SEGRIST is a member of Sandler, Travis & Rosenberg, P.A., resident in the Portland, Maine office. His practice is focused primarily on import and export trade law and assisting clients in acquiring duty-saving benefits under the First Sale Rule and other customs declared value-related initiatives. With regard to imports, Mr. Segrist’s practice focuses primarily on providing strategic advice and counsel to a wide range of multinational clients on international trade and customs law matters. He also has extensive experience assisting clients in properly structuring multi-tiered transactions to maximize lawful duty savings under the First Sale Rule.