Business Guide to Trade and Investment

Business Guide to Trade and Investment
Volume 1 – International Trade
by Arthur E. Appleton and Patrick F.J. Macrory

Volume 1 of this series introduces business interests to the international and regional rules applicable to trade in goods and services, as well as to aspects of trade such as intellectual property rights and dispute settlement. Businesses that have an understanding of the history of the General Agreement on Trade and Tariffs (GATT) and the World Trade Organization (WTO) will find it easier to appreciate how they can benefit economically from the international trade regime.

Volume 1 covers the following subject areas:

  • Introduction to the world trading system, economic and political benefits of trade, structure and functioning of the WTO
  • Fundamental rules governing international trade
  • Customs issues including how customs authorities determine the amount of duties due on imports
  • Non-tariff barriers
  • WTO rules relating to subsidies
  • How industries can obtain relief from imports causing them harm
  • Rules applicable to trade in agricultural goods
  • Government procurement
  • Export Controls and Sanctions
  • Rules applicable to Trade in Services, IP rights
  • How disputes are settled in the WTO and regional trade agreements

The book also includes case studies showing how particular industries have used the rules to open foreign markets or to protect themselves from injurious imports.

The authors have worked hard to simplify the complex and technical subjects of trade and investment to make them more accessible. Technical subjects have been broken down into readily understandable language. Business guidance is provided in the form of Shaded Tip Boxes, as well as legal details in Text Boxes.

ICC Publication No. 781E
Paperback, 2017 Edition
Price: $75.00
ISBN: 978-92-842-0377-2

ICC Guide to Export/Import 2018

ICC Guide to Export/Import 2018
Global Business Standards & Strategies
By Guillermo C. Jimenez

Now in its 5th edition, this Guide has introduced a generation of international trade professionals to the essential rules and standard practices of the export import trade.

This thoroughly-revised edition includes up-to-date coverage of such crucial topics as:

  • Export Contracts
    Which documents are used to create and fulfill an export import contract?
    How do you properly use a pro forma invoice, purchase order, bill of lading, letter of credit, etc.?
  • Incoterms® 2010 rules
    Which Incoterms® rules are currently valid and which have been ruled obsolete?
    Which Incoterms® rules are used for general transport and which for maritime transport?
  • Dispute Resolution and ADR
    What is the difference between international litigation and international commercial arbitration? How do parties agree to arbitration under the ICC International Court of Arbitration (ICA)?
    What are the procedures at the ICA?
  • UCP 600
    What rules apply to letters of credit?
    What about standby letters of credit?
    Demand guarantees?
    What special rules apply to electronic documents and electronic letters of credit?
  • International Transport
    What different types of transport service providers are available for export import?
    What is the difference between a freight forwarder and a consolidator or NVOCC?
    How do you properly insure cargo for maximum coverage?
  • International Business Contracts
    How do you negotiate an international agency, distributorship, franchise, or trademark licensing contract?
    What are the ICC Model Contracts?
    What other international business contracts should you understand?
  • E-Commerce
    What do exporters and importers need to know about the Internet and e-commerce?
  • Intellectual Property
    How do exporters and importers protect their intellectual property rights internationally?

ICC Publication No. 790E, 5th Edition
Paperback, 2018 Edition
Price: $75.00
ISBN: 978-92-842-0423-6

Qatar to Join Global “Merchandise Passport” System

The World ATA Carnet Council meeting in Xian, China

Earlier this month, Qatar officially joined the ATA Carnet system, which enables the temporary duty-free, tax-free importation of various types of goods in over 80 countries and customs territories around the world. The Carnet system is overseen by the International Chamber of Commerce and the World Customs Organization. USCIB serves as the U.S. national guaranteeing association for the system.

The official announcement was made by Sheikha Tamadar Al Thani, director of international relations and chamber affairs at Qatar Chamber and ICC-Qatar, during her participation in a World ATA Carnet Council (WATAC) meeting organized by ICC’s World Chambers Federation on May 9 in Xi’an, China. The ATA Carnet system is expected to be implemented in Qatar as of August 1, 2018, but the country will only accept Carnets issued for Exhibitions and Fairs. (Many countries and territories also accept them for Product Samples and for Professional Equipment.)

During her address to the WATAC meeting, which was attended by USCIB President and CEO Peter M. Robinson, Al Thani noted that Qatar’s formal accession to the Carnet system came as a result of lengthy negotiations conducted during the previous sessions with WATAC leadership and council members. She said the ATA Carnet plays an important role towards advancing the cause of free trade as a mechanism of trade facilitation.

Al Thani further noted that world trade is facing momentous challenges nowadays, with protectionist policies on the rise again and the State of Qatar’s accession to the Council is a testimony to its adherence to free trade, and to its belief in the importance of the free movement of goods and services around the world.

The ATA Carnet is the global gold standard for temporary admissions under the auspices of the World Customs Organization. ATA Carnets are international tools of trade facilitation, which serve as a temporary export-import documentation. The ATA System is in place in over 85 countries and territories, and provides duty-free and tax-free imports on goods that will be re-exported within 12 months.

Please visit the Qatar ATA Carnet page for more info.

World Trade Week NYC Celebrates Gotham’s Export Champs

Cheryl Moore of the New York Genome Center

USCIB is a longtime partner in the annual World Trade Week festivities in New York City. World Trade Week, a celebration of international commerce in cities across the United States, was launched by President Franklin Delano Roosevelt and brings together trade champions and companies of all sizes to mark the critical importance of cross-border commerce in promoting American competitiveness and global leadership.

World Trade Week NYC 2018 – despite the name, actually a full month of events and activities – kicked off this week with a high-level awards breakfast hosted by the Weissman Center for International Business at Baruch College, part of the City University of New York. Among the award honorees was the New York Genome Center, whose president and COO Cheryl Moore also served as the breakfast keynote speaker, providing an overview of New York’s efforts to foster growth in the life sciences industries.

Other businesses recognized for export success included Magnetic Analysis Corp., Innodata, Inc. and Classic Rug Collection, Inc. Empire State Development’s Global NY initiative was also honored, as was Irving A. Williamson, a member of the U.S. International Trade Commission, who was presented with a lifetime achievement award.

USCIB Vice President Jonathan Huneke served on the steering committee for World Trade Week NYC 2018. For a full list of World Trade Week events in and around New York City, click here.

India Now Accepting “Merchandise Passports” for Professional Equipment

New York, N.Y., January 31, 2018 – India has expanded its use of ATA Carnets for the temporary, duty-free importation of various types of goods. As of January 18, the country is now accepting the widely used “merchandise passports” for professional equipment, according to the United States Council for International Business (USCIB), which administers the ATA system in the United States.

ATA Carnets are internationally recognized customs documents that allow for the temporary importation of various types of goods, duty-free and tax-free, generally for up to one year. India previously accepted Carnets only for goods destined to fairs and exhibitions, for a maximum period of six months. It is now also honoring them for temporary importation of professional equipment for up to two months, with the opportunity to renew for an additional two months.

“This is an important development that will help boost U.S. exports to India, and make it much easier for business travelers to get essential professional equipment in and out of the country,” said Andrew Shiles, USCIB’s senior vice president for ATA Carnet and trade services. “All sorts of people and companies – from news organizations to symphony orchestras to technicians making repairs – use ATA Carnets to move professional equipment around the world swiftly and cost-effectively.”

Additional information on developments in India is available on USCIB’s website at https://www.uscib.org/india-ud-1614/.

The worldwide ATA Carnet system is overseen by the World Customs Organization and the International Chamber of Commerce (ICC), for which USCIB serves as the American national committee. Find out more about the services offered by USCIB to facilitate cross-border trade and investment at www.uscib.org.

Contact:
Jonathan Huneke, VP communications, USCIB
+1 212.703.5043 or jhuneke@uscib.org

About USCIB:

The United States Council for International Business (USCIB) promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world, generating $5 trillion in annual revenues and employing over 11 million people worldwide.

As the U.S. affiliate of several leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide. USCIB also works to facilitate international trade and investment. It is the U.S. national guaranteeing association for ATA Carnets, which enable the temporary export of many types of goods, free of import duties or taxes, for up to one year.

US-Issued ATA Carnets Now Allowed Into Brazil

After months of awareness building on the scope of the ATA Carnet usage with Brazilian Customs, Brazil has officially announced the acceptance of ATA Carnets. This exciting new development will allow all contracting parties to the ATA and/or the Istanbul Convention to enjoy ATA Carnet facilitations in Brazil. This change is also accompanied by an acceptance of hand-carried goods into the country.

Most explicitly, this new development will provide for duty and tax-free temporary admissions, allowing companies to use U.S. issued ATA Carnet to temporarily enter goods.

“Companies generally pay between 35-60 percent in duties exporting to Brazil, which will now be saved,” said Andy Shiles, USCIB’s senior vice president for ATA Carnet and trade services. “This program will be particularly advantageous for U.S. companies bringing in products temporarily for trade shows and exhibits.”  Prior to the amendment, U.S. companies, as per domestic regulation, could not use U.S. issued ATA Carnets as they were not accepted in Brazil.

The ATA Carnet is the global gold standard for temporary admissions under the auspices of the World Customs Organization. ATA Carnets are international tools of trade facilitation, which serve as a temporary export-import documentation. The ATA System is in place in 87 countries and territories, and provides duty-free and tax-free imports on goods that will be re-exported within 12 months.

In calendar year 2017, there were over $6 billion worth of goods that moved under U.S. issued Carnets that helped to stimulate international trade for American businesses.

For more information, please visit our page dedicated to Brazil.

 

China Announcement on ATA Carnet May Reduce Trade Deficit

The tenth installment of the International Chamber of Commerce’s (ICC) World Chambers Congress (WCC) concluded last week in Sydney, Australia, which brought together over 1,200 delegates from across the globe to discuss challenges impacting the business and chamber communities and to exchange knowledge and expertise while promoting result-oriented innovation. In an ever-changing business climate, the Congress addresses and examines today’s most significant global issues.

USCIB’s Senior Vice President for ATA Carnet and Trade Services Andy Shiles attended the ATA Carnet global management meetings held during the WCC. A major outcome of these meetings was China’s announcement of an expansion of goods under their Carnet to include professional equipment and commercial samples. While China has yet to announce when they will implement this expansion, Shiles believes this will have a positive impact on U.S. trade.

“China’s Carnet expansion is a huge step in the right direction and will certainly minimize the United States’ trade deficit with China,” said Shiles. “We are living in exciting times of ATA Carnet, but we need to continue making progress.”

Shiles also reported that commitment for the development of joint projects to benefit the ATA Carnet have been outstanding, with excellent progress being made with Australia, Brazil, India, Indonesia and Poland.

Additionally, the meetings deliberated on the e-carnet development project, which is on track to begin a pilot in the latter half of 2018.

“I’m expecting great things for U.S. carnet development,” concluded Shiles. “2018 will be a historic year for the Carnet.”

If any U.S. companies have interest in getting exposure to their goods in the Chinese market, kindly contact Andrew Shiles.

Shiles to Promote Trade Services at World Chambers Congress

This year’s World Chamber Congress is taking place in Sydney, Australia

The International Chamber of Commerce (ICC) kicks off the tenth installment of its biennial World Chambers Congress this week in Sydney, Australia, which will bring over 1,200 delegates from across the globe to discuss challenges impacting the business and chamber communities and to exchange knowledge and expertise while promoting result-oriented innovation. In an ever-changing business climate, the Congress, with its high level speakers, addresses and examines today’s most significant global issues.

Among them will be USCIB’s Senior Vice President for ATA Carnet and Trade Services Andy Shiles who will be attending ATA Carnet global management meetings in Sydney. Stay tuned for next week’s e-newsletter for a report from the field!

New South Wales Premier Gladys Berejiklian will officially opened the World Chambers Congress. While the Congress is taking place in Australia during the United Nations General Assembly in New York, ICC First Vice-Chair and Corrs Chambers Westgarth Partner and CEO John W.H. Denton acknowledged the important discussions taking place in New York and called on business and chamber leaders to show support for the UN Sustainable Development Goals and help ensure that businesses worldwide are doing all they can —in their daily operations and investments—to drive their implementation.

The #10WCC is jointly organized by the Sydney Business Chamber, a division of NSW Business Chamber and the ICC.

ATA Carnets Paper Processing Moves Into the 21st Century

The World Customs Organization (WCO) has endorsed the launching of a pilot in 2018 of a digital ATA Carnet process! The eCarnet working group of the International Chamber of Commerce/World Chambers Federation (ICC/WCF) provided an update on the electronic Carnet (eCarnet) developments to the WCO’s eATA Carnet Working Group.

The group met at WCO headquarters in Brussels, Belgium on June 30.  The ICC/WCF advised it is moving, on schedule, into phase three of creating a digitized ATA Carnet system.  There will be a pilot project launched in 2018 to test the system and processes for an eCarnet.

ICC/WCF showcased its recently developed Mercury system, a centralized database system of key ATA Carnet data.  A digitized ATA Carnet will facilitate transactions, increase data security, reduce exceptions and improve administration.  Customs, Carnet holders, service providers and national guaranteeing associations, such as USCIB, will be more productive with a modernized export/import process for items moving under an ATA Carnet. More than 15 nations and the European Union expressed their support and welcomed this initiative.  Some countries displayed an eagerness to join the pilot project.

USCIB’s Andy Shiles attends the WCO meetings in Brussels, Belgium

Andrew Shiles, USCIB’s new senior vice president of ATA Carnets and Trade Services, attended the WCO meeting and emphasized the large scale of business opportunities that ATA Carnets can provide for both small and large American enterprises. “It is exciting to be involved in such a dynamic time in the ATA Carnet industry,” said Shiles, adding that “We are truly making history by moving the ATA Carnet processes into the 21st century.  This means that billions of dollars worth of goods will move through efficient eATA Carnet processes resulting in jobs being created.”

The ATA Carnets are used by thousands of exporters around the world to get goods through customs quickly and easily. While the ATA Carnet is currently in force in 77 countries, Shiles is striving to see an expansion of even more countries.

ATA Carnets are internationally recognized customs documents that permit temporary duty-free, tax-free entry of qualified goods for up to one year. They are used widely to facilitate entry of goods for trade shows, product samples and professional equipment. “Astute business people utilize the unique tool of an ATA Carnet to promote their goods internationally where they can generate incremental sales, reduce handling costs and protect a company’s cash flow when it comes to international transportation,” noted Shiles.  “In fact, a company dealing with international sales may be missing out on a great opportunity if they if they are not using carnets,” he warned.

USCIB manages and guarantees the ATA Carnet system in the United States, with responsibility for issuing ATA Carnets falling to two outside service providers, Roanoke Trade and the Corporation for International Business. ATA Carnets are accepted in 77 countries and territories, while the global ATA systems are overseen by the WCO and the ICC. USCIB serves as ICC’s U.S. national guaranteeing association. For more information on ATA Carnets and the benefits they can provide for your business, please visit USCIB’s website.

Shiles Joins USCIB as Head of ATA Carnet and Trade Services

Andrew Shiles

New York, N.Y., May 16, 2017 – Former FedEx executive and cargo industry veteran Andrew Shiles has joined the United States Council for International Business (USCIB) to lead the association’s dynamic portfolio of trade services, including the “merchandise passports” used by thousands of exporters around the world to get goods through customs quickly and easily.

As senior vice president of ATA Carnet and trade services, Shiles will work to expand U.S. trade interests through promotion of the ATA Carnet program. ATA Carnets are internationally recognized customs documents that permit temporary duty-free, tax-free entry of qualified goods for up to one year. They are used widely to facilitate entry of goods for trade shows, product samples and professional equipment.

“Andy Shiles brings extensive experience to this position,” said USCIB President and CEO Peter Robinson. “He has in-depth knowledge of trade and customs affairs, including ATA Carnet, and relationships with clients ranging from multinational corporations to SMEs to freight forwarders. In addition, Andy has strong connections with U.S. Customs, and has engaged in a number of important industry trade associations.”

USCIB manages and guarantees the ATA Carnet system in the United States, with responsibility for issuing ATA Carnets falling to two outside service providers, Roanoke Trade and the Corporation for International Business. ATA Carnets are accepted in 84 countries and territories, while the global ATA systems is overseen by the World Customs Organization (WCO) and the International Chamber of Commerce (ICC). USCIB serves as ICC’s American national committee.

Shiles comes to USCIB following more than 30 years at FedEx Express, the world’s largest air express cargo company, most recently as global regulatory compliance manager, where he served on USCIB’s Customs and Trade Facilitation Committee. His leadership experience in global supply-chain management includes participation in U.S. Customs and Border Protection’s Simplified Entry Working Group, which redesigned and implemented the current entry-clearance process into the United States.

Shiles also has extensive experience working with multiple government agencies, including the Food and Drug Administration, Department of Agriculture and Consumer Product Safety Commission. A self-professed “Yankee with a Southern accent,” Shiles was born in Manhattan and raised in the Southwest and in Tennessee, where he received his bachelor’s degree from the University of Memphis. He is a member of the International Compliance Professionals Association and the American Association of Exporters and Importers.

Find out more about the services offered by USCIB to facilitate cross-border trade and investment at www.uscib.org.

Contact:
Jonathan Huneke, VP communications, USCIB
+1 212.703.5043 or jhuneke@uscib.org

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment.