AEO is a well-known regime in many countries, and not something new. But this program is continuously evolving to attract more potential participators. The evolution is not only in regards to the benefits you can enjoy in South Korea, but also occurs in terms of the procedural aspects of obtaining and maintaining AEO accreditation and Mutual Recognition Agreements/Arrangements(MRAs ..read more

Duty Drawback is the United States’ oldest trade program in operation, dating back to 1789 when we were just a fledgling democracy determined to make our presence known on the world stage. The program’s intent then, as it is now, is to put American companies on a more level playing field with its international competition by driving out the cost of import tariffs and fees from its exported products ..read more

AEO stands for Authorized Economic Operator, which is the collective name of high-credit enterprises certified by Customs around the world. You, as an importer and/or exporter, can also be an AEO participant in the international circulation of goods. In China, the official name of AEO is Advanced Certified Enterprise ..read more

2023 was a good year for trade in Vietnam. According to the General Statistics Office of Vietnam, the import and export goods turnover in Vietnam reached 683 billion USD, with a trade surplus of 26 billion USD, more than double that in 2022 ..read more

Do you know what you need to do? Canada’s forced labour and child labour act comes into effect on January 1, 2024, and the responsibility to file a report on your supply chain is due on May 31st, 2024. The act is designed to remove or severely limit products of slave or child labour from the Canadian market ..read more

In 2015, the Paris Agreement was adopted under the United Nations Framework Convention of Climate Change and went into force in 2016. The agreement aims to hold the earth’s average temperature increase to less than 2°C and make collective efforts to limit the temperature increase to 1.5°C against pre-industrial levels ..read more

Hello Friends. Just a reminder that billions of eligible drawback dollars go unclaimed each & every year here in the US. Yep..…you heard that right. In this new year and tough economy, we should be looking at every opportunity to positively impact the bottom line. If you haven’t established a duty drawback program, there is no better time than the present. Understanding and effectively utilizing duty drawback is crucial for automotive OEMs to thrive in the face of global competition ..read more

Are you a target this year? Customs Audits……The Canada Border Services Agency (CBSA) has released its compliance targets for 2024 ..read more

This is the day that we commemorate the first meeting of the World Customs Organization (WCO), which was held in 1953, as well as to honor the role Customs authorities play in the regulation of the movement of goods across borders, globally. The WCO is an organization that makes it their mission to provide leadership, guidance, and support to local and regional Customs administrations ..read more

Since 1993, Reconciliation entries have been a pivotal tool for US importers to simply and expediently make changes to certain elements of an import entry. While some very, very limited classification and 9802 changes can be made using reconciliation filings, the vast majority of adjustments are for value changes after importation or retroactively claiming a free trade agreement like USMCA and 9802.  ..read more