TNETS Customs and Trade Compliance News


Could Canada provide a Brexit breakthrough for the UK?

By Andrew Hammond – July 17 2019/ The Business Times THE EU and Canada begin a two-day summit in Montreal on Wednesday. Centrestage in the discussions will be the landmark bilateral trade agreement which many Brexiteers believe is the best template for a future EU-UK deal, despite the plethora of potential pitfalls for the United Kingdom. The so-called Comprehensive Economic and Trade Agreement (CETA), covering around a fifth of...

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Group seeks recall of BOC order allowing operation of unlicensed brokers

By Rea Cu July 16 2019/ BusinessMirror AN order by the Bureau of Customs (BOC) allowing non-Customs brokers to practice the profession has been described by the Chamber of Customs Brokers Inc. (CCBI) as “unfair and degrading” to professional customs brokers. In a letter obtained by the BusinessMirror, the CCBI wrote to Customs Commissioner Rey Leonardo B. Guerrero requesting for the recall of Customs Memorandum Order (CMO) 34-2019. “It...

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White House expects retaliation from China over increased tariffs

By Easton Contributor – July 16 2019 White House expects retaliation from China over increased tariffs, economic adviser Larry Kudlow admits, as Trump ramps up trade war The U.S. is awaiting retaliation from China over increased tariffs, after talks in Washington ended without a deal on trade, the president‘s chief economic adviser said on Sunday. ‘The expected countermeasures have not yet materialized. We may know more today or even...

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Ukraine extends ban on imports of Russian goods until December 2020

In early 2016, due to adoption of the economic part of the Association Agreement between Ukraine, the EU, Russia suspended thefree trade zone agreement with Ukraine to protect the economic interests By Kiev – July 15 2019/ TASS Ukraine’s government has extended its ban on imports of Russian goods until December 31, 2020, by amending the relevant decree. The amended document has been published on the website of the...

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South Korea braces for more export curbs as Moon Jae-in warns of ‘greater damage’ to Japan’s economy

By Julian Ryall – July 15 2019/ South China Moring Post South Korea is braced for Japan to further escalate the countries’ trade dispute by removing Seoul from Tokyo’s “white list” of trusted trade partners and subsequently imposing new customs clearance restrictions on 40 categories of products, which could amount to 1,100 specific items. Officials from the two countries made no progress in talks last Friday, leading Japan’s Ministry...

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Rising threat of freight thefts involving ‘insiders’

Will Waters | Thursday, 11 July 2019 Global cargo crime study by TT Club and BSI highlights risks and responses, recommending that information and access are limited to a ‘need to know’ basis A new global cargo crime study has highlighted a growing threat of cargo thefts involving ‘insiders’, alongside various other trends and recommendations. In their second full-year analysis of cargo theft, freight insurance and risk specialist TT Club...

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Zelensky obliges govt to create information resource for declaring goods – decree on fight against smuggling

Zelensky obliges govt to create information resource for declaring goods – decree on fight against smuggling Ukrainian President Volodymyr Zelensky has signed a decree aimed at decreasing smuggling and corruption during customs declaration of goods imported to the customs territory of Ukraine. According to the decree signed on Tuesday, the Cabinet of Ministers of Ukraine on the unified web portal of the executive authorities should ensure the creation of...

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Pentagon Contract Worth Billions Set to Shake Up Moving Industry

By Travis Tritten – July 10 2019/ Bloomberg Award early next year for $2.2 billion annual program Congress eyeing legislation that could delay contract Nothing is more certain in military life than that moving, at some point, will be part of it. That saddles the Pentagon with managing an army of commercial moving companies for about 360,000 shipments per year of furniture, clothes, books, bicycles, and all other types...

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Kildare Chamber says businesses must actively prepare for worst case Brexit scenario

July 10 2019/LEINSTER LEADER Following yesterday’s publication of the revised Brexit contingency action plan from the Irish Government, Allan Shine, CEO of County Kildare Chamber is urging businesses to prepare for a highly possible ‘no-deal’ outcome this October. “Yesterday’s revised contingency action plan was published as a result of the lack of action being taken, or likely to be taken in the next few weeks, in Westminster to remove...

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China to introduce more measures to stabilize foreign trade

Source: Xinhua| 2019-07-10|Editor: Mu Xuequan To stabilize foreign trade, the key is to further expand opening up and focus on enhancing the endogenous power of enterprises through market-oriented reforms and by economic means, according to a statement released after a State Council executive meeting chaired by Premier Li Keqiang. China will improve its fiscal and tax policies as the meeting studied how to further lower the country’s overall import...

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