Two Minutes in Trade

A new GSP bill has been introduced that would focus solely on refunding duties for imports since the program expired.  For more information listen to today's Two Minutes in Trade.  

The UK announced last month the launch of its new Developing Countries Trading Scheme (DCTS), which will replace the GSP program that was inherited from the EU. Here we take a closer look at some of the new benefits.

The lawsuit against the section 301 tariffs against Chinese goods on lists 3 and 4A continues. Recent US Gov’t filings on the APA are deemed insufficient by the plaintiffs. Learn more on todays Two Minutes In Trade.

UNCTAD report shows how digitizing trade can reduce carbon footprint and Vanuatu is a shining example. Learn more on today’s Two Minutes In Trade.

The time has come for the trade community to submit ideas for trade facilitation provisions in CBP’s 21st Century Customs Framework. A more harmonized approach across the nearly fifty partnership government agencies is just one part of the puzzle.

Another acronym-IPEF Indo-Pacific Economic Framework will include 12 countries and the US. It will have 4 “pillars” - all countries will participate except India will not join the trade pillar. Learn more on Two Minutes In Trade.

Lots of trade issues remain expired and the chances of movement are murky. Listen for more details on today’s Two Minutes In Trade.

Other countries are banning imports of goods made with forced labor. Listen to the EU’s plan on today’s Two Minutes In Trade.

The UFLPA has been in effect for 8 weeks yet some in Congress say CBP is not enforcing the law. Listen for more info on today’s Two Minutes In Trade.

The National Highway Traffic Safety Administration (NHTSA) of the DOT requires foreign parties to register themselves as well as a U.S. agent prior to entry. Many importers are learning through detentions and seizures the impact a lack of due diligence can have on cargo clearance.