TNETS Customs and Trade Compliance News


US importers set for ‘dramatic impact’ from new China tariffs

By Roger Hailey Sep 30 2019 / Llyods’s loading List As trade tensions continue between the United States and China, new data from freight forwarder Flexport indicates that businesses which “survived” 2018 may not have escaped the worst of the dispute, facing steep increases in import costs from the latest waves of import tariffs. Analysis by Flexport’s chief economist, Phil Levy, states that while the conflict may appear to...

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Silver lining in the cloud

By Bernadette D. Nicholas Sep 29 2019 / BusinessMirror Like it or not, the Fourth Industrial Revolution is changing the world of work, and the public sector—like the Philippines’s Bureau of Customs—is following the lead of private business in adopting cloud computing for more efficient services. MORE and more people from the public and private sectors are now shifting to cloud technology for its security—ironically the same main reason...

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China’s largest land port sees 5,000 China-Europe freight trains

Edited by Yan Sep 29 2019 / XinhuaNet HOHHOT, Sept. 28 (Xinhua) — Manzhouli, the largest land port on the China-Russia border, has seen 5,000 China-Europe freight trains since 2013, according to local customs. There are currently 52 routes of China-Europe freight trains via the land port, which help promote the trade between over 60 Chinese cities and 28 cities in 13 European countries including Germany, Poland and Belgium,...

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Amazon buys tech firm INLT to help online merchants with cross-border trade

INLT is one of the first automated broker interface apps approved by the U.S. government By Noi Mahoney Sep 28 2019 / American Shipper Amazon.com recently acquired cloud-based startup INLT, a move designed to simplify importing goods into the United States for Amazon’s online merchants, according to Reuters. INLT, which the company said stands for IN:LET, makes software for merchants to manage the costs of customs clearance on cross-border shipments. Terms...

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Amazon to offer customs brokerage for US import sellers

By JOC Staff Sep 26 2019 / JOC Amazon is continuing to expand and enhance its suite of supply chain services with the purchase of digital US customs broker and trade compliance software provider INLT. Terms of the deal were not disclosed, but the e-commerce behemoth confirmed the acquisition to Reuters on Tuesday following an announcement on Los Angeles-based INLT’s website. “INLT is a smart, nimble team that is...

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Is Your Supply Chain Prepared for Potential U.S. Tariffs on EU Goods?

By Ben Bidwell Sep 26 2019 / Global Trade Daily Transatlantic tariffs came closer to reality in recent months after the United States Trade Representative (USTR) proposed tariffs on a list of products from the European Union (EU).  Unfortunately, even if you’ve already gone through something similar with goods imported from China, the same strategy may not be effective for the tariffs on EU goods. This is due in...

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Irish companies trading with UK ramp up Brexit readiness

Revenue reports boost in applications for EORI numbers to trade with ‘third country’ By Simon Carswell Sep 21 2019 / The Irish Times The vast majority of Irish businesses importing from and exporting to the UK have registered for customs numbers that will allow them to continue trading post-Brexit, new figures show. The Revenue Commissioners has released data on the take-up of Economic Operators and Registration Identification (EORI) numbers...

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Growing frustration over Kent’s customs sites after Brexit

By Paul Francis Sep 18 2019 / KentOnline There is a growing sense of frustration among some Kent MPs over the government’s proposals for a series of customs clearance sites dotted around the county as part of Brexit contingency plans. A number met with treasury minister Jesse Norman and HMRC officials yesterday to press home their concerns about the unintended consequences of of these sites – five of which...

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Department of Homeland Security (DHS) trials Morpheus.Network Blockchain solution for Canadian borders By Jilian Godsil Sep 17 2019 / IRISH TECH NEWS The DHS works with Customs Direct, a partner with blockchain expert Morpheus.Network, to fast track multiple Proof of Concepts (POCs) The DHS has implemented a number of rapid POC projects to investigate the usefulness of blockchain in border management. In a novel and innovative approach, the DHS...

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More funds for UK post-Brexit customs training, but it’s not enough, says BIFA

By Gavin van Marie Sep 5 2019 / The Loadstar The effectiveness of a new round of funding announced this week by the UK government to train staff to make customs declarations has been called into question by representatives of the freight industry. This week, the UK Treasury announced an extra £16m in funds to train staff to make customs declarations that are likely to be increase dramatically after...

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