GHY discusses changes to international trade regulations and explores cutting-edge compliance strategies.
Posted March 27, 2018
Under International Trade Issues, Trade Compliance News, U.S. Customs Issues
Earlier this month, U.S. Customs and Border Protection released a long-awaited strategic position paper describing how the agency intends to cope with safety and security risks posed by the increasing number of low-value, high-volume cross-border shipments resulting from the global shift in trade to an e-commerce platform. Continue Reading
Posted January 08, 2018
Under Logistics & Supply Chain Management, U.S. Customs Issues
In order to provide the trade with additional time to adjust to the new requirements and in consideration of the business process changes that may be necessary to achieve full compliance, U.S. Customs and Border Protection has extended by six months the implementation and enforcement dates for new regulations concerning the in-bond transportation of goods that became effective November 27, 2017. Continue Reading
Posted December 15, 2017
Effective today, the submission period for the three-year status report and $100 fee applicable for all licensed customs brokers is now open and will run until the end of day on February 28, 2018. U.S. Customs advises that failure to file a Triennial Status Report will result in the customs broker’s license to be revoked by operation of law, without prejudice. Continue Reading
Posted November 13, 2017
Under International Trade Issues, Logistics & Supply Chain Management, U.S. Customs Issues
Believing that blockchain presents “intriguing possibilities” and may have far-reaching benefits for the trade community, U.S. Customs and Border Protection plans to initiate a proof of concept and/or pilot in FY 2018 to look into the implications and potential application of the new technology in the customs environment. Continue Reading
Posted June 30, 2017
Further to the announcement by the U.S. Department of Commerce made earlier this week respecting the affirmative preliminary determination in the anti-dumping duty investigation of softwood lumber from Canada, a Notice has now been published in the Federal Register, triggering the application of retroactive duties going back 90 days from today. Continue Reading
Posted June 14, 2017
Under U.S. Customs Issues
Chronic staffing shortfalls and a lack of adequate performance targets at U.S. Customs and Border Protection are hampering its ability to effectively enforce the nation’s trade laws, according to a new report from the Government Accountability Office, whose findings come as the Trump administration aims to significantly boost trade enforcement activities at both the CBP and the Department of Commerce. Continue Reading
