As it does approximately every 5 years, the WCO recently adopted a recommendation that lists the most recent proposed amendments to the Harmonized Tariff Schedule (HTS), which would enter into force January 1, 2017. In order to better monitor and control trade patterns of certain goods and adapt the HTS to current trade patterns, more than 200 changes have been proposed to modernize rules and classifications for various goods. The U.S. International Trade Commission (ITC) will be expected to post a Federal Register Notice this fall detailing the proposed changes. Members of the Trade community may raise comments or objections to the U.S. Trade Representative (USTR), U.S. Customs and Border Protection (CBP), and the ITC, since all three agencies negotiate on behalf of the U.S. to the WCO.
As part of the recent U.S.-Africa Leadership Summit in Washington D.C., where President Obama met with 51 African Heads of State, U.S. Customs and Border Protection (CBP) signed a Customs Mutual Assistance Agreement (CMAA) with its counterparts in Kenya. The CMAA lays the legal framework to exchange critical information that will help both countries fight international trade crimes and other criminal activities in a collaborative manner. The Agreement also signifies the growing importance of East Africa in the international trade arena.
More to be read on GSN Magazine.
With Assistance from the World Customs Organization (WCO) and Inter-American Development Bank (IDB), Jamaica Launches New Authorized Economic Operator (AEO) Programme
The AEO, which forms part of the WCO framework of standards to secure and facilitate global trade, is designed to encourage compliance and reduce security risks by certifying all relevant personnel within the importation and exportation chain.
The programme was redesigned with assistance from the WCO, IDB, and United States Agency for International Development (USAID)/Promote, Renew, Invigorate, Develop and Energize Jamaica.
Industry, Investment and Commerce Minister Anthony Hylton said the system will serve as a catalyst for improving the ease and speed of doing business and for moving goods or services across borders.