Customs Clearance
Customs clearance is your top focus once a shipment has departed from a particular country. Your professional reputation and bottom line are depending on you. But rather than be a source of stress, it should be an exciting time. Because the overall importing process is nearing its final stage. Take a second to pre-celebrate now […]
What is an Importer of Record?
New importers may believe that they should handle the entire process. All by themselves. But veteran shippers understand customs requirements demand a legal entity. We want you to join their ranks. Back in 1993, Customs and Border Protection (CBP) created the role to help you get there. An importer of record. By the end of […]
What are the Penalties for Violating Export Control Laws and Regulations
“Those vials wouldn’t happen to contain bubonic plague would they?” asked the security official. “O no sir, they are just regular diseases,” replied the college professor. Back in 2003, a teacher at Texas Tech University was subject to criminal penalties for lying about vials from Tanzania. His willful violation resulted in 2 years of prison […]
Export Restrictions to China: A Primer
Entrepreneurs have always desired to open up new international markets. But trading with nations under sanctions adds red tape. In 2020, we shipped $124.5 billion worth of goods to China. This was a 17% increase from the previous year. Since then, our business dealings with the nation have only grown. By the end of this […]
When to Get an Export License
Trading outside of the United States is exciting. It opens you up to new markets. But it also presents unknowns. And plenty of questions. “What are some typical criteria for obtaining an export license?” Naturally, you want to resolve doubts about how regulations might affect your business. That’s why we’ll attempt to answer your most […]
What is the Lacey Act?
Nature is awe-inspiring. Which is why protecting it is so vital. In 1900, President William McKinley signed a law against wildlife trafficking. According to the Lacey Act, certain plants, fish, and wildlife are illegal to be possessed, transported, or sold for trade. In the following sections, we’ll discuss its relevance today. And how to comply […]
Can I Import from or Export to Cuba?
Nobody wants a visit from law enforcement for an avoidable offense. As an importer or exporter dealing in foreign trade, it’s good to stay up on Cuba sanctions. That way your business can access this market. The United States maintains limited engagement with the Cuban government. But there are exceptions to restrictive foreign affairs. And […]
How Has Nearshoring Impacted the U.S. Economy?
How Has Nearshoring Impacted the U.S. Economy? In recent years, reliance on global supply chains has led to increased risks. Not only for U.S. companies but our economy as a whole. Nearshore outsourcing is the suggested solution from the White House. But with that comes the debate about how realistic an option it is. Which […]