Global Trade Management — November, 2008

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Customs Might Delay Final Rule on 10+2 Regulations Until 2009, to Conduct Further Cost-Benefit Analysis
A final rule from U.S. Customs and Border Protection on the new "10+2" filing regulations might not be forthcoming until 2009, according to Sandler & Travis Advisory Services, Inc. Customs had earlier said it expected to publish the rule by this fall, but that schedule appears to have been amended. The delay stems from a decision by Customs, the Department of Homeland Security and Office of Management and Budget to conduct a more detailed...
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It's High Time to See that Your Business's Success Is Closely Tied to Transportation
Despite skyrocketing fuel costs and rising transportation rates, the majority of manufacturers and retailers have failed to invest in transportation management systems that can save money and optimize supply chains.
If there is one complaint shared by every manager at every company today, it is the impact that high fuel and transportation costs are having on their businesses. Budgets and bottom lines have been gutted by these costs that increase every day.
So if these costs are such a critical issue, why do nearly two out of three companies across every industry lack the technology or processes to manage its transportation efficiently?
"It is amazing to me that more companies do not appreciate the deep connection between their transportation operations and the rest of their business," says Brad Wyland, a senior researcher at the Aberdeen Group, who just published a report examining this question. "Best-in-class companies certainly make the connection and have invested...
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ITC Undertakes Latest Update of Study on Effects of U.S. Import Restrictions; Seeks Public Comment
The U.S. International Trade Commission (ITC) has begun working on the sixth update of its report on the economic effects of "significant" U.S. import restraints, the agency said. This time around, U.S. trade-liberalization initiatives since 1934 will be a "special focus" of the report. Such efforts, ITC said, "have transformed the United States from a relatively...
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U.S. Launches Negotiations to Join Trans-Pacific Strategic Economic Partnership Agreement
Negotiations are underway for the U.S. to join the Trans-Pacific Strategic Economic Partnership (SEP) Agreement. Also known as the P4 agreement, it is a multilateral trade pact currently involving...
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U.S. Chamber Hails Action by Congress to Extend Andean Trade Pact, GSP Through End of Next Year
The U.S. Chamber of Commerce praised the recent action of Congress to extend the Andean Trade Preference Act (ATPA) and the Generalized System of Preferences (GSP) through December of 2009. ATPA grants duty-free access to U.S. markets for most imports from the Andean region, including Colombia and Peru. John Murphy, vice president of international affairs with the Chamber, offered a mixed endorsement of...
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The Risks and Costs of Global Trade Management
In today's highly regulated and dangerous world, no company involved in cross-border commerce can afford not to have global trade management software, says Adrian Gonzalez, ARC Advisory Group research director. At issue are security, theft, drugs and arms smuggling, and terrorism, as well as filing fees, surcharges, duty drawback, exchange rates--anything that has to do with risk and regulatory compliance. In addition, Gonzalez discusses the government's new 10 + 2 Rule and its implications for U.S. importers....
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Number of New Anti-Dumping Investigations Surges in 2008, According to WTO Secretariat
Sixteen members of the World Trade Organization reported a surge in new anti-dumping investigations in the first half of 2008, according to the WTO Secretariat. The figure was 39 percent higher than in the same period of 2007. The number of retaliatory measures by WTO countries also increased...
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Customs to Include Product Safety in Pilot Program for Importer Self-Assessment of Compliance
U.S. Customs and Border Protection is adding a product-safety component to its Importer Self-Assessment Program. The action, taken in cooperation with the U.S. Consumer Product Safety Commission (CPSC), is part of a new pilot program. The intent, according to a statement...
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House Ways and Means Committee Prompts ITC Monitoring of Textile and Apparel Importers From China
The U.S. International Trade Commission (ITC) will begin monitoring certain textile and apparel imports from China, at the request of the Ways and Means Committee of the U.S. House of Representatives. The agency will provide statistical reports every two weeks on...
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Unlocking Hidden Value in Global Trade Management
Global trade is a fast growing source of revenue and cost reduction at many companies, but investments in technology to support trade processes have been woefully lacking. Beth Enslow, senior vice president for supply chain risk management at Marsh Inc. explains how the right technology and a sharper focus on trade compliance can add significant dollars to the bottom line....
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GTM—More Than Regulatory Compliance
There's no doubt that complying with the ever more stringent mandates of government is a major reason why companies are considering global trade management software. But GTM is so much more than that, says Viktoriya Sadlovska, research analyst with Aberdeen Group. Other benefits include better management of supply chain risk, cost savings through operational improvements, better sourcing decisions, even internal savings achieved through use of document automation....
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Ask The GTM Expert: This month, James Preuninger, CEO of Management Dynamics, is available to answer your GTM questions.

Past Global Trade Management Issues:
August, 2008
May, 2008
February, 2008
November, 2007

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