February 2012       

 

H O M E 

CUSTOMS/SECURITY

Customs Chief Aguilar Pledges to Build on Bersin's Success
Promises to expand anti-terrorism efforts, improve clearance process


Customs Looks to Allow Exporters Into C-TPAT
Agency also may allow trucking companies operating in Canada, Mexico to join


CHANGES TO 2012 HARMONIZED TARIFF

EXPORT FAQ

Should I insure my shipment?

If the terms of sale stipulate that the exporter is responsible for insurance, the exporting firm should either obtain its own policy or insure the cargo under a freight forwarder's policy for a fee.

If the terms of sale make the foreign buyer responsible for insurance, the exporter should not assume (or even take the buyer's word) that adequate insurance has been obtained. If the buyer neglects to obtain adequate coverage, damage to the cargo may cause a major financial loss to the exporter.

Shipments by sea are covered by marine cargo insurance.

Air shipments may also be covered by marine cargo insurance or insurance may be purchased from the air carrier.

What does export insurance usually cover?

Export shipments are usually insured against loss, damage, and delay in transit by cargo insurance. Carrier liability is frequently limited by international agreements. Additionally, the coverage is substantially different from domestic coverage.

Although sellers and buyers can agree to different components, insurance coverage is usually placed at 110 percent of the CIF (cost, insurance, freight) or CIP (carriage and insurance paid to) value.

Exporters are advised to consult with international insurance carriers or freight forwarders for more information

If you would like M.E. Dey to provide an insurance quote for your export shipments, please contact our Export Division

EXPORT

Exports Lead the Way
With the help of President Obama’s National Export Initiative and the weak dollar, exports are closing the gap in a trade marked by billion-dollar deficits

Housing can’t do it. Technology is strong, but not strong enough to act as the economic driver. And, with consumer demand weak, don’t count on a big retail buying binge. So where is the U.S. economy to turn for the push it needs to pull out of the doldrums? The answer: overseas, where strong demand for everything the U.S. makes — from agriculture to manufacturing — is driving an export renaissance.  more...


Exporters Urge Congress to Increase Ex-Im Bank Lending
Bank can only lend up to $100 billion, has outstanding loans of about $93 billion


The U.S.—Colombia Trade Promotion Agreement:
New Opportunities for Wisconsin Exporters


Milwaukee Export Assistance Center Unveils Expanded Website

TRANSPORTATION

Three Unions, Railroads Reach Agreement
Only one union has not finalized an agreement with major U.S. railroads

NAFTA / TRADE

NAFTA Surface Trade Rose 12 Percent in October
U.S. trade up 28.7 percent from two years ago, up 8.7 percent from 2008


Free Trade's Winners and Losers

EVENTS/SEMINARS

Trade Missions

Southeast Asia Trade Mission (Thailand, Vietnam, Indonesia) March 16-28, 2012

South America Trade Mission (Brazil, Chile, Colombia) April 14-24, 2012

India Trade Mission, April 22 – May 1, 2012

The India Mission has a water focus; it will include visits to New Delhi and Mumbai, and participation in Aquatech India 2012, a leading international water technology show.


MWTA’s International Business Series presents:

"Technology Innovations & Global Business" February Breakfast Program

February 2, 2012      7:30 am - 9:00 am

Location: MMAC Offices - Wisconsin Room, 756 N. Milwaukee St., Ste 400, Milwaukee, WI 53202
Contact: KATIE HENRYPhone: (414) 287.4123Email: khenry@mmac.org

$25 per person  •  $12.50 for students

Register Online

Opportunities to use technology in new ways abound – and need not be overwhelming in cost or effort. Particularly in the global marketplace, there are unique challenges involved in implementing successful technology projects.

This program will provide an overview of social media and other tools such as online bulletin boards, focus groups and surveys. In addition, we will address questions such as: How do you consider cultural differences and language barriers when implementing new technologies? How will your organization respond strategically to the timing, staffing and other challenges, and react to image management issues and user expectations?

Speakers:  Betsy Hoag, Co-Founder, Kairos Consumers
                      Tiffany Weigand, E-Business Marketing Manager, Rite-Hite Corporation
                      
(see bios online)

Moderator: Tracy Buss, Center for International Education/UW-Milwaukee

Program Team Members:  AJ Corner, Center for International Education/UW-Milwaukee;
                                                  
Andrea Risch, Rite-Hite Corporation;
                                                   Lauren Worthy, ME Dey & Co.


MMAC China Business Council’s

Chinese New Year Networking Program

Thursday, February 16, 2012,   5:00 – 7:00PM,    Registration begins @ 4:30PM

Legacy M&I University – Institute for Learning
401 N. Executive Drive,   Brookfield WI

$15 MMAC members, $20 non-members.  Cocktails & appetizers included.

Register Online

Whether you are starting out or are seasoned pro when it comes to China, this is a great opportunity to network with the area’s international Chinese professionals.  The year 2012 marks the year of the dragon.  Come & celebrate!

This event features a brief presentation:

“Borrowing, Investing & FX in China – Guidance for Companies with Chinese Subsidiaries.” 

by Richard Waple Director, China Business Development BMO Capital Markets (see bio online)


 

 

 

2012: A Celebration of International Business

Date: Wed., Feb 15, 2012      Time: 5:00 pm - 8:00 pm

Wisconsin Club, 900 W. Wisconsin Avenue, Milwaukee, WI

Brief Program at 6:00 P.M.    Cocktails and Hors D ‘Oeuvres     Business Casual Attire

Awards,  Announcements,  New Initiatives,   International Networking

Celebrating the International Business Efforts of:

  • MMAC/MWTA

  • China Business Council

  • India Council

  • Port of Milwaukee

  • Wisconsin Department of Commerce

Event Hosted By:

 

 

RSVP by Wednesday, February 8, 2012 to Annie Haseman at a.haseman@bentleywp.com


New Webinar Programs Scheduled for 2012

Learn how your company can tap into the Global Marketplace.  As part of the National Export Initiative, the Commerce Department’s Trade Information Center is offering a series of one-hour webinars on the basics of exporting.  

These webinars have been specially designed to meet the needs of new exporters, or provide transaction specific guidance on more technical matters.  Each webinar will begin at 1:00 p.m. Central Time.  A nominal fee of $15 will cover slides, live audio, and question and answer session.  Content is delivered via your internet-connected desktop computer and your telephone line and will be led by experts in each field.

The schedule of topics for the first half of 2012 is as follows:

Selecting a Freight Forwarder (Feb 8):  Learn how a freight forwarder can help your business with exporting costs, preparing and filing required export documentation, reserving cargo space and ensuring that your goods and documents comply with customs regulations.

Export Documentation (Feb 22): This Webinar is designed for the entry level exporter.  The webinar will focus on basic export documentation with an overview of export documents, guidance on how to complete them, and other helpful info.

Understanding Free Trade Agreements (Mar 21): The U.S. has Free Trade Agreements with 17 countries. FTAs can help your company be more competitive in these markets.

How to Determine HS Codes, Duties and Taxes (Apr 4): Learn how to classify your products for customs and to calculate the full landed cost for your buyers.

Understanding Export Controls (Apr 18): Know the law controlling what you can export and to whom. Learn the legal and practical aspects of dual-use items; and how to comply.

Duty Drawbacks (May 2): Find out if your Company may be able to recover up to 99% of all Customs duties paid on imported materials contained in the manufacture of your product retroactively for up to 3 years!

Taking Advantage of NAFTA (May 16): Learn how the North American Free Trade Agreement can help you sell products and services to Mexico and Canada.  Topics covered include benefits, determining and interpreting rules of origin, common issues and problems, how to complete documentation.

Completing Certificates of Origin (FTA and eCertification) (May 30):  Know the nuances of this often required export documentation, when country-specific forms are required, and how to complete both the hard copy and electronic certification.

Financing Your Exports & Getting Paid (Jun 13): No export deal can be considered successful until payment reaches your account.  Learn from trade finance experts about the range of payment methods used in export transactions and how to evaluate which is best for your business.

Temporary Exports – Carnets and Other Tools (Jun 27): Learn how you can show your products in foreign markets or bring tools of the trade into a foreign country for a limited period of time.

To listen to recordings of previous programs, please go to http://export.gov/webinars/

REGISTER online at http://www.export.gov/articles/eg_main_022213.asp


WCTC International Education Committee 

Global Trade Webinars Ask the Export Expert!

Addressing the essentials for success in global business today:

Business & Culture, NAFTA, Trade Compliance.

Especially targeted to new exporters.

Succeed in the global marketplace. Reach new customers. Increase sales.

Lunch hour webinars - Fridays (11:00am – 12noon)

Click for listing of all webinars

For further details contact: Aleda Bourassa, Global Trade Solutions, Waukesha County Technical College, telephone 262-691-5219 or e-mail abourassa@wctc.edu.

 

 

The DeyTimes Newsletter is an online international trade information service, published electronically by M.E. Dey & Co., Inc. (publisher) The publisher has taken all reasonable steps to verify the accuracy of the content of this site. The publisher does not and will not at any time accept any responsibility or otherwise be liable for any loss or damage whatsoever that you may suffer as a result information contained in this newsletter. Links are provided for your convenience only. Accessing links to third party Web sites and use of or reliance upon third party material is solely at your own risk.

NOTE: Information contained herein is of necessity a summary of complicated and fact-specific issues. It is not intended to convey legal advice, and receipt of it does not constitute or create an attorney-client relationship. Before you act on any information provided in this document, you should seek professional advice regarding its applicability to your specific circumstances.

Copyright © 2012 M.E. Dey & Co. Inc. - All Rights Reserved