North American retailers and manufacturers are shifting their focus to India, as the country works to solidify its position as a trade alternative to China. For nearly a decade, India has made strides towards making itself attractive to foreign trade and investment. In March of 2024, a new policy was approved to lower customs duty…
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On June 3rd, 2024, the European Union (EU) will launch Release 3 of their Import Control System 2 (ICS2) for goods transported by maritime and inland waterways to EU destinations. ICS2 is an IT system that collects data on all goods entering the EU prior to their arrival. Economic operators carrying goods will have to submit…
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Pacific carriers have announced a General Rate Increase (GRI) effective June 1, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective June 1, 2024 Equip.USD20…
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In May 2024, both Ocean Network Express (ONE) and Hyundai (HMM) will initiate direct services that connect India’s West Coast and the United States East Coast (USEC). These steamship lines are looking to further enhance services and make their presence known on India's US trade lane. This service will increase capacity, providing more options and…
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The Department of Commerce’s Bureau of Industry and Security (BIS) has announced an updated guidance to help define responsibilities for freight forwarders and exporters when working together to ensure compliance with US export controls and regulations. The guidance focuses on: Expectations of the exporter or USPPI Best practices when selecting a Freight Forwarder Responsibilities for routed and…
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UPDATE: 6/20/2024— The official CBSA Assessment and Revenue Management (CARM) launch date for trade chain partners will now be October 21, 2024. CBSA will be communicating additional information leading up to the implementation of CARM in the coming months. All businesses registering in the CARM portal will require a Canada Revenue Agency (CRA) assigned 9-digit…
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Pacific carriers have announced a General Rate Increase (GRI) effective May 15, 2024. This GRI will affect all Canadian and USA destinations. The following amounts are in USD and apply to all freight originating in Asia and the Indian Sub-Continent. General Rate Increase Applies to all U.S. and Canadian ports Effective May 15, 2024 Equip.USD20…
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Ongoing logistical challenges surrounding the Red Sea and Panama Canal has supply chain professionals considering alternate solutions—which include nearshoring. This concept has already existed for more than a decade but now it’s trending. When COVID-19 shut down manufacturing operations in several countries, shippers who relied on sourcing from China found themselves dealing with shortages, congestion,…
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In the latest Liner Shipping Connectivity Index (LSCI) recorded by the United Nations Conference on Trade and Development, Sri Lanka overtook Saudi Arabia as the 3rd best-connected country in the Middle East and Indian subcontinent. The country moved up two spots becoming the 22nd best-connected country in the world. The LSCI can be considered…
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On March 26 the Canada Border Services Agency (CBSA) announced that importers need to register for a CARM Client Portal (CCP) account before April 26. CBSA will be shutting down the portal as of April 26th to prepare for the CBSA Assessment and Revenue Management (CARM) rollout on May 13. Failure to register and delegate authority…
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