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TPP to Deliver Huge Trade Boon, but Compliance Officials Expect More Complexity
March 12, 2015 by Brian Dabbs|Top News

The text of the Trans-Pacific Partnership remains shielded behind closed doors, but U.S. compliance professionals are preparing for the sharp rise in trade flows and increased filing hurdles that are expected to accompany future implementation of the pact, several brokers and compliance consultants said in recent days. TPP chief negotiators are meeting in Hawaii this week, and speculation is rising over a conclusion to the deal. U.S. Trade Representative Michael Froman recently predicted a wrap-up of the talks at some point in 2015 (see 1502050058), but the U.S. has failed to meet deadlines set in the past by Froman and other TPP officials.

Topics:U.S. Trade Representative (USTR), Customs duty, Automated Commercial Environment (ACE), Forced Labor
Brokers, Forwarders Call on Congress to Modernize Drawback in Time for ACE
March 6, 2015 |Top News

Congress should take up legislation now to simplify the drawback process or the “window for programming drawback simplification into the Automated Commercial Environment” will close, said trade groups in a letter to lawmakers. The letter was signed by American Association of Exporters and Importers and the National Customs Brokers & Forwarders Association of America, said the NCBFAA, which described the letter in a notice to members. Industry will have to file through ACE by 2016, the final stage of ACE implementation.

Topics:Drawback