How to get Advance Rulings (AR) from Customs (U.S., VN)

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Advance Rulings provide certainty and speed up customs clearance.

Avoid possible negative impact from U.S.-China Trade Dispute and risk of “False Declaration of Origin”.

U.S. Advance rulings are legally binding written decisions by U.S. Customs and Border Protection at the request of the person concerned on specific particulars, classification, origin, origin markings, valuation, etc.,  in relation to the intended importation of goods into the United States.
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CBP offers classification and valuation assistance program to U.S. exporters

U.S. Customs and Border Protection will provide technical assistance to help U.S. exporters resolve issues involving tariff classification and customs valuation treatment by other customs administrations. Read more

Vietnam’s GDP growth Jan-Jun 2016 dropped to 5.5%

In line with World Bank projections in a 2013 report, and down from 6.3% over the same period in 2014. The legal, business and investment environment must be improved to create favorable conditions for firms and investors, and boost economic growth. The World Bank report recommended focus on improving transport and trade logistics to benefit by joining global supply chains,  attracting more FDI, and implementing the Trade Facilitation Agreement, which is estimated to reduce Vietnam’s trade costs by 20%. Read more

NCTF, CMAA, Customs-Business Consultations in the WTO Trade Facilitation Agreement

Three pre-requisites for implementing the WTO Trade Facilitation Agreement and the TPP Chapter 5, Customs Administration and Trade Facilitation are to establish the institutional framework, which includes: (1) National Committee on Trade Facilitation, (2) Customs Cooperation (Customs Mutual Assistance Agreement), and (3) Government – Business Consultations on all laws and regulations affecting imports and exports. Below are details of the commitments in the TFA and the TPP. Read more

India ratifies the WTO Trade Facilitation Agreement

“I’m very pleased to receive India’s instrument of ratification from Ambassador Prasad,” WTO Director General Azevêdo said. “India is one of the most dynamic economies in the world today and has become a top recipient of foreign investment. Ratifying the WTO’s Trade Facilitation Agreement will help India further boost economic growth by reducing trade costs and supporting its integration into the global economy.” The TFA will enter into force once two-thirds of the WTO membership has formally accepted the Agreement. India is the 76th WTO member to accept the TFA, which will enter into effect when 2/3 (108) of the 162 WTO members have ratified the agreement. Read more

World Customs Organization makes changes to HS classifications

Pile of red ring bindersInternational customs officials at the World Customs Organization (WCO) have agreed on 234 changes to the global system that categorizes products that are imported and exported around the world, and countries are beginning their individual processes to incorporate those changes into their own domestic product category systems. Countries have until January 1, 2017, to incorporate the changes, but much work lies ahead. Read more

Trade Facilitation Support Program Launched by WB, EU, USA, Canada, Australia, Norway

WB Trade Facilitation Support Program

It will help countries reform their trade facilitation practices in a manner consistent with the main components of the new WTO Trade Facilitation Agreement (TFA), signed in Bali, December 2013.

The Program will focus on the effective implementation of trade facilitation reforms in developing countries to enhance private sector competitiveness, thus leading to increased trade, investments and job creation. Read more