Archive for January, 2009

Certified Cargo Screening Program (CCSP)

Effective Monday, February 2, 2009, companies within the United States will be able to apply to the CCSP program. Facilities that successfully apply and participate in the CCSP program will be designated as Certified Cargo Screening Facilities (CCSFs) and must adhere to TSA mandated security standards. To learn more about the program, please visit the Transportation Security Administration website

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January 30, 2009 at 7:47 pm

Effective January 26, 2009 – Importer Security Filing “10+2” program

The Importer Security Filing “10+2” program became effective on Monday, January 26, 2009. The program was developed to help prevent terrorist weapons from being transported to the United States. Starting this week, vessel carriers bringing cargo to the United States (or delivered to a Foreign trade Zone) are required to transmit ten data elements to Customs and Border Protection (CBP). To read more about the Security Filing “10+2” program, please visit the website of the U.S. Custom Borders Protection

January 29, 2009 at 7:44 pm

U.S. and Iceland Sign Trade and Investment Agreement

Assistant U.S. Trade Representative for Europe and the Middle East Chris Wilson and Icelandic Minister of Industry and Energy Össur Skarpheðinsson met in Reykjavik, Iceland, where they signed the U.S.-Iceland Trade and Investment Cooperation Forum Agreement. Two-way goods trade between the United States and Iceland was $835 million in 2007. U.S. goods (exports to Iceland in 2007 totaled $630 million, including aircraft, inorganic chemicals, vehicles, and machinery. U.S. exports of agricultural products to Iceland totaled $19 million. Read full agreement

January 29, 2009 at 5:17 pm

Preventable Job Cuts

Economy: No one has pleaded as earnestly for Congress to pass a Colombia free-trade pact as Caterpillar. Now, with earnings down and 20,000 American jobs to be lost, it’s obvious why. Trade would have cushioned this blow (Investor’s Business Daily, January 26, 2009). Read Full Article

January 28, 2009 at 2:05 pm

EU, South Korea move closer to free trade deal

While the U.S. – Korea Free Trade Agreement is still waiting for approval, the European Union gets closer to its second largest partner, Korea (China being the first). Read the article written by K. Olsen, AP Business Writer and the commentary posted on the “Korea Times”.

S. Korean Trade Minister Reiterates No FTA Renegotiation The Korea Times Monday, January 19, 2009

EU, South Korea move closer to free trade dealK. Olsen, AP Business Writer, Yahoo.com

January 27, 2009 at 7:15 pm

CACP – New publication available

Intellectual Property Protection and Enforcement Manual: A Practical and Legal Guide for Protecting Your Intellectual Property Rights.

Download the guide

January 26, 2009 at 7:34 pm

The shifting World of U.S. Trade Policies

The New Year begins with a dynamic and complex trade environment that could have implications on the United States. Starting this month, the European Union will allow 16 developing countries (Armenia, Azerbaijan, Bolivia, Colombia, Costa Rica, Ecuador, Guatemala, Honduras, Mongolia, Nicaragua, Paraguay, Sri Lanka and Venezuela) duty-free access to the EU market and will let Switzerland to become the 25th State to join the barrier-free Schengen Area. In the Pacific region, the Asia-Pacific Economic Cooperation (APEC) will reduce trade transaction costs by 5 percent by 2010, while China expands its market reach signing a Free Trade Agreement with New Zealand and planning the longest railway system that will link the country to Germany by Mongolia, Russia, Belarus and Poland. Middle East and Africa explore the opportunity of reciprocal Free Trade agreements; while in South America Mercosur strengthen its relationship with the European Union.

For the United States, these changes will impact how the new presidential administration supports the passage of three pending Free Trade Agreements (FTAs) with Colombia, Panama and South Korea. If approved, these FTAs will enable U.S. businesses to competition an equal paying field with other foreign enterprises. Currently, the only contract with Panama has a slight chance to be approved and if it is, th Panama FTA will allow U.S. construction companies to take advantage of the contracts related to the expansion of the Panama Canal. According to the U.S. Department of Commerce, 35 percent of U.S. exports go to Canada and Mexico, a figure that has nearly tripled since 1994, when NAFTA came into force.

The NAFTA market is especially important for U.S. manufacturers since a total of 13.9 million Americans are employed in manufacturing, according to the Bureau of Labor Statistics. These workers produced $870 billion worth of exports in 2007. Canadians and Mexicans bought approximately $330 billion of U.S. manufacturing output every year. Exports from the United States support an estimated 12 million jobs while an additional 10 million jobs are supported by imports, most of which are not just for large businesses. International trade impacts everyone from online fashion companies exporting their goods using web 2.0 technologies, the small business that imports parts to produce and export innovative goods, the small retailer who imports/exports merchandise overseas and the fashion designer selling online. Learn more about international trade by visiting http://www.nkychamber.com or contact Daniele Longo, (859) 578-6385 (D. Longo, Business Journal, Northern Kentucky Chamber of Commerce, January 1, 2008).

January 13, 2009 at 1:13 pm

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