Trade shows can bring many new and unique challenges for businesses. Whether you’re an experienced importer/exporter or not, participating in a trade show can leave you scratching your head. You may have heard that using a temporary import bond is the right way to go, but what exactly does that [...]
We don’t think there’s anyone in this world who enjoys going through customs. Sure, the excitement of traveling can sometimes ease the pain, but most people would like to get it over with as quickly as possible. Unfortunately, going through customs simply takes as long as it takes and there’s [...]
The USMCA Story So far Up until recently, NAFTA (North American Free Trade Agreement) was the trade deal that Canada, Mexico and the United States jointly agreed upon. NAFTA was fully established in 1994 with the goal of eliminating trade barriers and encouraging investments between the three countries. The pros [...]
The trade relationship between the U.S. and China has been heating up for over a year. Currently, both countries have placed high import tariffs on each other. China and the U.S. are the two biggest economies in the world, so people all over the globe are paying attention. In part [...]
A hot topic in the news these days is the trade relationship between U.S. and China. It’s an interesting, if not slightly troubling, time for global economists, investors, importers and retailers. There are currently high import tariffs from China to the U.S., and vice versa. For Americans, importing from China [...]
If you’re in the business of importing and exporting, you’ve probably heard of landed costs. You’ve probably also heard that they’re vital to your shipping operations. But what is a landed cost? Why is it so important to do total landed cost analysis? We’ll define landed cost, help you with [...]
Duty drawbacks have been around for a long time, and were first established in 1789. They were put in place to boost production and trade of goods for American manufacturers. Interestingly, these duty drawbacks are still used today, though there have been some changes and additions from Congress over the [...]
Importing goods over the border can be a complex and intimidating task. There are many rules and regulations placed on the import of goods by the US. Customs and Border Protection (CBP), and the importer is expected to have a thorough understanding of them. The least costly way to get [...]
Navigating commercial importing is like battling a sea of paperwork. Declarations, invoices, permits, border bonds… trying to navigate every aspect of clearing customs on your own can feel like you’re swimming against the current. In order to clear up some of the confusion around customs procedures, we’re going over two [...]
First introduced in 2009 and fully in effect since 2010, ISF filing is a crucial part of any importing any cargo coming into the United States by ocean carrier. While ISF has no bearing on your cargo’s admissibility and does not generally influence trade enforcement, US Customs and Border Protection [...]
