Weekly Trade Briefing: May 17-21, 2021
A weekly roundup of news reports, government announcements, and other information about current and emerging developments in international trade and customs compliance.
DHS Study on Cross-Border E-commerce Proposes New AEO Program, Data Sharing Rules
‘Data gaps’ in e-commerce? You bet there are. With explosive growth of cross-border market reliance on e-commerce comes increased risk of trade violation and the potential for sales of harmful or unsafe goods. What are the gaps and challenges that US Customs have identified? What are the proposed solutions and strategies to overcome them? We detail the answers and more here.
De Minimus Thresholds Under USMCA
Frequently highlighted by many as a positive outcome from renegotiation of the North American Free Trade Agreement, the new trade deal between the Canada, Mexico and the United States raised the so-called de minimus thresholds under which low-value parcels can be imported duty/tax free, usually with a simplified customs process.
Modernizing De Minimus: Upcoming New ‘Section 321’ Requirements for Truck Shipments
As part of an effort to modernize the handling of certain low-value imports, U.S. Customs and Border Protection has announced that beginning next year all commercial truck shipments containing “Section 321 merchandise” will be required to file an advance electronic manifest in accordance with the guidelines specified in the Trade Act of 2002.
