Posts tagged ‘Trade’

EU To Begin 24 Hour Advance Manifest Rule on Ocean Cargo

New European Union (EU) requirements for inbound ocean cargo – the European 24 Hour Advanced Manifest Rule – will come into effect on December 31, 2010, according to an article in CIFFA eBulletin as well as customer advisories from ocean carriers.

The new requirements stipulate that ocean carriers bound for an EU port from a non-EU load port must electronically transmit Entry Summary Declaration (ENS) information to the Customs office of the first EU port of entry no later than 24 hours prior to the commencement of vessel loading. For shipments that originate outside of the EU, the carrier must transmit one ENS per Bill of Lading or Seaway Bill.

To prevent delays at the EU port of arrival, it is important that customers provide complete and accurate shipping instructions so the ENS is accurate.

Detailed information on the topic of this bulletin can be accessed via the European Customs Information Portal (http://ec.europa.eu/ecip/security_amendment/procedures/index_en.htm).

Source: Fedex Trade Networks, July 23, 2010

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July 27, 2010 at 8:00 am

Leslie M. Schweitzer to Address Kentucky International Trade and Investment Conference



Lunch Keynote Speaker Leslie M. Schweitzer, Senior Trade Advisor, Traderoots Initiative, U.S. Chamber of Commerce will talk about the future of trade policies and the new exports initiative of the U.S. Administration. As Senior Trade Advisor for the U.S. Chamber of Commerce, Leslie M. Schweitzer created the TradeRoots Initiative, the only sustained national grassroots international trade education program in the country. The program is designed to raise public awareness of international trade, particularly to small- and medium-sized companies.

TradeRoots has been instrumental in gaining grassroots support for China PNTR, the Trade Promotion Authority, and free trade agreements with Chile, Singapore, Australia, and Morocco. The program also led the charge for grassroots support of the free trade agreement with Dominican Republic, Honduras, El Salvador, Costa Rica, Guatemala, and Nicaragua and the most recently passed agreement with Peru.

Schweitzer was responsible for the U.S. Chamber of Commerce Business Partnership Program with TOBB, funded by USAID in Turkey in 2006. This program, the first of its kind, brought business outreach programs to the Turkish business community through a series of high-level forums throughout the country.

For more information about the 20th Kentucky International Trade and Investment Conference and sponsorship opportunities, please visit our dedicated page or contact Daniele S. Longo, VP, Business Development and International Trade, Northern Kentucky Chamber of Commerce at dlongo@nkychamber.com

March 30, 2010 at 7:01 am

TSA: Airlines to inspect 75% of cargo

The U.S. Transportation Security Administration said airlines must screen at least 75 percent of cargo loaded in the United States by May 1, according to a message posted this week on the air cargo portion of its Web site.
   The new requirement is a sign that officials are concerned the industry has not taken enough voluntary measures to help meet the Aug. 1 mandate to screen all cargo on passenger planes. Link 

Source: American Shipper’s Florida Connection

February 23, 2010 at 8:00 am

What Border Officials Can Do With Your Laptop And Cellular Phone

Having your laptop searched or detained by Customs on your way back from a business trip would be a nightmare for most business people. This scenario is quite possible under new governmental policies. In fact, it is becoming so frequent that last August, Customs and Border Protection (“CBP”) and Immigration and Customs Enforcement (“ICE”) both issued their respective new policies on border searches of electronic devices. It was a coordinated effort of CBP and ICE to update and harmonize their border policies to detect an array of illegal activities, including terrorism, cash smuggling, contraband, child pornography, copyright, and export control violations. Link

Source: porterwright

February 23, 2010 at 8:00 am

Commerce Secretary Gary Locke Unveils Details of the National Export Initiative

New effort central to President Obama’s goal of doubling U.S. exports and supporting new jobs

WASHINGTON—Commerce Secretary Gary Locke unveiled details of President Obama’s National Export Initiative (NEI) at a luncheon today at the National Press Club. During last week’s State of the Union speech, the president announced a goal of doubling exports over the next five years to support two million jobs in America.

Locke detailed how the Export Initiative will help the country reach that goal—providing more funding, more focus and more cabinet-level coordination to grow U.S. exports. The NEI represents the first time the United States will have a government-wide export-promotion strategy with focused attention from the president and his Cabinet.

“Increasing the export of American products and services to global markets can help revive the fortunes of U.S. companies, spur future economic growth and support jobs here at home,” Locke said. “This initiative will correct an economic blind spot that has allowed other countries to chip away at the United States’ international competitiveness.”

Source: U.S. Department of Commerce
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February 8, 2010 at 1:26 pm

Should Your Business Axe Overseas Assignments?

As businesses continue to navigate their way through—and out of—the global economic crisis, almost every multinational organization is looking to tighten purse strings as we head into another year of what promises to be cautious spending. Unfortunately, expensive international assignment programs are often one of the first areas of focus for wary managers, who could pare down or even temporarily oust these assignments from the budget. Link

Source: S. Cummins & E. Hannibal

January 25, 2010 at 8:00 am

Recovery and Globality: The Commodities Chase

The U.S. economy slowly appears to be regaining its footing. The unemployment rate declined for the first time since the recession began, sliding from 10.2% in October to 10% in November and holding steady in December. Although the fourth-quarter 2009 statistics weren’t yet in as I wrote this, some predict that the U.S. economy may have expanded in the second half of last year by more than 3%. Europe appears to be lagging, but the economies of China, India, Singapore, Indonesia, and South Korea, among others, are growing robustly again. The Great Recession of 2008 and 2009 may be over in most of the world. Link

Source: H. Sirkin

January 22, 2010 at 8:00 am

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Travel with the Northern Kentucky Chamber in 2012

Peru - August 12-20, 2012
To learn more about the program, please email Kyle Horseman or call 859.426.3653.

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