Global Training Center
In the world of Internet Slang, the abbreviation “LOL” means “Laughing Out Loud”. But, in the highly complex and regulated world of global trade compliance, it has a completely different meaning – Letter of the Law! This is essentially how U.S. CBP interprets the intricate world of global trade.
Leveraging The U.S.-Mexico Relationship To Strengthen Our Economies
The U.S.-Mexico economic partnership has the potential to play a key role in boosting regional exports to the rest of the world, which would support job growth in the United States and Mexico while helping to address the trade deficits currently run by both countries.
31,560 Shipments Were Seized by CBP in 2016 for ONE Reason
Last year, on a typical day the U.S. CBP seized about $3.8 million worth of products because of Intellectual Property Rights (IPR) Violations. CBP reported that the total number of IPR seizures has increased 9 percent since last year, from 28,865 in 2015 to 31,560 in 2016. With the manufacturer’s suggested retail price (MSRP) exceeding $1.3 trillion.
Why the Loss of US Manufacturing Jobs?
We’re seeing hours of media discussions about loss of US Manufacturing jobs with few commentators discussing the facts. Washington continues to say that free trade with Mexico is hurting the US economy and siphoning off manufacturing jobs to Mexico at the expense of the US worker. But is this the whole story? What do the numbers actually show?
USTR Signals Administration’s NAFTA Intent
Last week, the Acting U.S. Trade Representative circulated a draft letter through Congress outlining the administration’s intentions towards modernizing the NAFTA. The internet has been abuzz with details about the letter. Containing statements about reducing the trade deficits, this may be a challenge as the method of measuring trade between the three countries is far from an exact science.
NAFTA’s Economic Upsides
From the Archives: In the 20 years since it entered into force, the North American Free Trade Agreement has been both lauded and attacked in the United States. But to properly assess NAFTA’s record, it is important to first be clear about what the agreement has actually done. Economically speaking, the answer is a lot.
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