Two Minutes in Trade

Cargo shopping is a big carbon dioxide emitter. New coZev coalition seeks to reach zero emissions by 2040 in the shipping industry. Learn more on today’s Two Minutes In Trade.

Constructing the manufacturer identification number (MID) for customs entries is like formulating a secret code.  CBP’s Global Business Identifier (GBI) initiative potentially offers a simplified solution towards solving this mystery.

The US continues its policy of rapprochement with the Europeans and cancels tariff retaliation plans against Digit Service Tax regimes in the EU as parties mark progress in multilateral talks to establish a global minimum tax.

Counterfeiting issues have grown during the pandemic and Amazon reports it’s efforts. A stronger public/private cooperative effort could help but laws may need to be changed. Listen for more on today’s Two Minutes In Trade.

OECD announced an agreement of global minimum taxing and digital services taxes, but will it fly with Congress?  Listen for more on today’s Two Minutes In Trade

The WTO and WCO teamed up to produce an online resource for tariff classification and the evolution of specific changes to the HS. Learn more on today’s Two Minutes In Trade.

Bill introduced to ban imports of goods produced on illegally deforested lands doesn’t engage the trade community to help address the problem of deforestation. Listen for more on today’s Two Minutes In Trade.

“The survey says…” the while Americans support trade and that it helps American manufacturing and jobs, when it comes to China, it’s a different matter. Listen for more info on today’s Two Minutes In Trade.

Exclusions that Expired on December 31, 2020 get a second chance as USTR opens a new petition period from 10/12 - 12/1. Let’s hope other expired exclusions get a second chance. Listen for more on today’s Two Minutes In Trade.

The CPTPP May expand quickly as now The Republic of China - Taiwan is also seeking membership. But, can membership be blocked?  Listen and learn on today’s Two Minutes In Trade.