Something to DeclareOn Customs Compliance & Trade Facilitation
I’ve recently been scolded for suggesting that technology might help importers and exporters deal with the complexity of the Harmonized System (HS). My critic, a director of global customs for a multinational corporation, took exception to my call for the World Customs Organization to embrace intelligent software as a way of encouraging wider HS usage and ensuring greater accuracy in HS classification.read more
On January 1st, 2018 the Harmonized System (HS) turned 30, and the time has come to admit that the HS might be suffering from its own “generation gap”. Used by more than 200 countries, territories and Customs or Economic Unions, and covering 98% of global trade, the...read more
McKinsey & Company’s seminal study titled “Disruptive technologies: Advances that will transform life, business, and the global economy” listed 12 technologies that could “drive truly massive economic transformations and disruptions in the coming years”. Second from the top, with an estimated economic impact of between $5 trillion and $7 trillion annually by 2025, was the automation of knowledge work.read more
A lack of HS knowledge is allowing the Philippines to become a dumping ground for the world’s garbage.
A surprising revelation emerged from recent hearings held by the Philippines House of Representatives Ecology Committee concerning the persistent problem of trash from abroad finding its way into the country. Committee members grilled officials from the Bureau of...read more
About a year ago, as part of its Community of Practice Series on Trade Facilitation for the Caribbean Region, the Inter-American Development Bank invited me to speak about whether it was possible to reconcile the competing forces of Customs Compliance and Trade Facilitation.
To prove my thesis that current compliance and facilitation initiatives are incompatible, I plotted U.S. customs compliance and trade facilitation initiatives over a graph of duty losses from 2003 to 2014. The results were stark…read more