Impact of U.S. NAFTA Withdrawal will be Negligible for Many Canadian Companies – Here’s Why.
U.S. President Donald Trump’s threat to pull out of NAFTA has caused much hand-wringing north of the 49th parallel. The consequences of a U.S. withdrawal appear to be dire for Canada considering 75% of Canadian merchandise exports go south of the border. However, a...Canada Customs Publishes Verification Targets – Audits Reveal 66% Tariff Classification Non-Compliance
If you are an importer of hair extensions, olive oil, or seaweed, consider yourself forewarned. The Canada Border Services Agency (CBSA) will be paying special attention to the way you classify your products in 2018. For the third straight year, CBSA published its...When it Comes to Customs Compliance, Function Can be Outsourced but Responsibility Cannot
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.
Happy 30th Birthday HS – It’s Time to Close the Generation Gap.
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...Balancing the Unbalanceable
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…
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