Industry Blog

Global Trade in Commercial Services Rises 12 percent

The World Trade Organization released a statement that according to its latest data, world exports in commercial services are rising. Data shows that commercial services increased by 12% in the third quarter of 2011 compared to the third quarter of 2010.

These estimates are based on aggregated data from individual reporters. Data is taken from quarterly balance-of-payments statistics taken from IMF and Eurostat. This data is further supplemented with estimates of missing data and national sources.

6 Things International Trade Pros Need to Know about Recordkeeping

There is often confusion about the rules for electronic recordkeeping. Trade professionals often ask questions like:

  • Who is responsible for keeping records?
  • If you have an electronic recordkeeping process do you still keep paper
    files?
  • How long to records have to be maintained?

The rules regarding recordkeeping span across several government agencies, but there are some guidelines that every trade professional should know.

Obama Seeks to Merge Six Trade and Commerce Agencies

According to the Associated Press, President Obama is seeking to merge six trade and commerce agencies. They are: The Commerce Department's core business and trade functions; the Small Business Administration; the Office of the U.S. Trade Representative; the Export-Import Bank; the Overseas Private Investment Corporation; and the Trade and Development Agency. The goal would be one agency designed to help businesses thrive.

HTS Code Lookup Best Practices

What is an HTS Code?

The first hurdle that importers face when importing a new product is to answer the most basic question: what is it? Everything from apples to shoelaces needs to be classified by a number recognizable to the importing government. This number is of course, the Harmonized Tariff Schedule Code (HTS Code). Assigning an HTS code may seem like a simple step, but it is the most important considering the risks associated with getting it wrong.

Win a Trip to ICPA 2013 in Honolulu, Hawaii from Global Data Mining

CiGDM and MK Data Services Team Up to Offer Prize

CUSTOMS Info (Ci), Global Data Mining (GDM) and MK Data Services, providers of trade data management services, are teaming up to offer one lucky ICPA member an all expenses paid trip to the 2013 International Trade Compliance Professionals Association (ICPA) Conference in Honolulu, Hawaii.

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