TNETS Customs and Trade Management News


CBP officers when you need them

CBP officers when you need them

By Chris Gillis Nov 9 2019 / American Shipper A Miami-based customs broker specializing in perishable imports will benefit from access to agency officers for after-hours inspections through the Reimbursable Services Program. Patricia Compres, co-owner of Miami-based Advance Customs Brokers and Consultants, works in a 24-hour world, which doesn’t always align with the regular operating hours of U.S. Customs and Border Protection (CBP) when it comes to securing necessary...

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Is Singapore's semicon sector on the skids?

Is Singapore’s semicon sector on the skids?

Beyond the current down cycle, can Singapore’s key electronics cluster continue to be competitive? By Lynette Tan Nov 9 2019 / The Business Times Singapore hosts the entire semiconductor value chain IT all started 51 years ago, and throughout the half century or so, Singapore’s key semiconductor industry has had its ups and downs. It is currently in the throes of yet another down cycle amid slow consumer demand....

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The European Union-Singapore Free Trade Agreement (EUSFTA) has been approved by the Council of the EU and will enter into force on 21 November 2019.

It will serve to strengthen the position of Singapore and the EU as gateways for companies looking to expand their business in our respective regions. Singapore and the EU have a long-standing and robust relationship. We look forward to building even stronger trade and investment links together. By Ministry Of Trade & Industry Nov 8 2019 / MTI https://www.mti.gov.sg/-/media/MTI/Newsroom/Press-Releases/2019/11/Press-Release-on-the-EUSFTA-Entry-Into-Force.pdf

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Trade, tech issues seen to shape Asean’s future

By Bernadette D. Nicolas Nov 7 2019 / BusinessMirror FIFTY-TWO years ago, the founding members of the Association of Southeast Asian Nations (Asean) fought the embers of communism across Asia. Today, Asean is confronting another “FIRe,” the so-called Fourth Industrial Revolution. The FIRe is being seen as a tool that Asean needs to comprehend, brace for and harmonize if its member-states want a stronger regional economic integration via the...

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Bureau of Customs launches tracking system for parcels

Bureau of Customs launches tracking system for parcels

The Parcel and Balikbayan Box Tracking System provides updates about the parcel or balikbayan box as it goes through the different stages of customs clearance. By Teresa Umali Nov 6 2019 / In Economy Digital Transformation News Philippines OPENGOV The Philippines’ Bureau of Customs (BOC) recently launched the Parcel and Balikbayan Box Tracking System (PBTS) as part of the Bureau’s drive to promote transparency and ease of doing business....

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Katana faces federal lawsuit for unpaid customs duties

Katana faces federal lawsuit for unpaid customs duties

By Miles Moore Nov 5 2019 / Tire Business NEW YORK — A La Mirada, Calif.-based tire importer is fighting a federal lawsuit claiming that it owes the government more than $5.7 million in unpaid duties because of allegedly inaccurate invoices. The suit, filed July 15 in the U.S. Court of International Trade, on behalf of the U.S. Department of Homeland Security and Customs and Border Protection, accuses Katana...

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TNETS To Cover Paperless Customs At Shanghai Event

TNETS To Cover Paperless Customs At Shanghai Event

TNETS founder and director, Neil Johnson, will be presenting at the prestigious International Compliance Professionals Association (ICPA) annual industry gathering in Shanghai, China on Friday November 15. Discussing paperless customs declaration systems in South East Asia, Johnson will also cover systems in other markets, including India and China, by way of comparison. With an increasing focus on regulatory compliance, the growing need for data security, and the need for...

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Single window clearance required for cross-border movement of goods: RS Subramanian, DHL Express

Single window clearance required for cross-border movement of goods: RS Subramanian, DHL Express

In a chat with ETRetail’s Varun Jain, RS Subramanian, country manager of DHL Express, talks about the company’s new initiatives to help SMEs with seamless trade experience, the challenges with cross-border trade and the company’s focus area for future growth. By Varun Jain Nov 1 2019 / The Economic Times DHL Express is empowering the Indian SMEs in the cross border trade by hassle-free shipping services. The company is...

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More smuggled pork seized at Manila port

More smuggled pork seized at Manila port

Oct 30 2019 / CNN Philippines Metro Manila (CNN Philippines, October 30) — Authorities seized smuggled pork products worth around ₱3.5 million at the Port of Manila (POM) Wednesday. A statement from the Bureau of Customs-POM stated that two container trucks from China arrived at South Harbor on October 8, and were misdeclared as seasonings and tomato paste. The containers were consigned to JRA & Pearl Enterprises and processed...

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Incoterms® 2020 – New Rules for International Trade

By Raphael Brunner Oct 2019 / MME legal Tax Compliance Incoterms® in international trade The ICC’s Incoterms® Rules are the world’s most important trade terms for the sale of goods. Whether trading internationally with suppliers or customers, organizing the internal exchange of goods within a group of companies, placing an order, packaging and labelling a shipment for freight, creating a certificate of origin in a port, the Incoterms® rules...

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