Drawback Simplification regulations are finally here, and they’re a game-changer for importers and exporters looking to recover duties and fees. Companies can now go back five years for duty drawback claims, but you need a plan. Earlier this month, Amber Road’s Global Trade Academy hosted a webinar with Drawback Specialist Brenda Sweetman to cover these important updates.
Amber Road recently participated in a seminar on the European Economic Area (EEA) in Brussels and is providing this report on the main outcomes. The seminar allowed Amber Road’s staff of in-house trade specialists who provide up-to-date content to its Global Knowledge® database, to obtain a thorough, first-hand understanding of the Agreement on the European Economic Area (EEA) and how it integrates Iceland, Liechtenstein and Norway into the EU’s Internal Market.
The Global Knowledge database consists of regulatory controls, restricted party screening lists, product classification data, landed cost data and trade documentation required for global shipments for 160+ countries. Amber Road’s trade specialists gather, translate, interpret and update country-specific trade regulations on a daily basis to maintain the most comprehensive and robust database of global trade content, government regulations, and international business rules available today. A deep understanding of the functioning of the EEA Agreement and the European Free Trade Area (EFTA) are fundamental for the success of Global Knowledge® in Europe.
Here are the key takeaways from the presentations by the EFTA Secretariat, the EEA and Norway Grants, the EFTA Surveillance Authority and the EFTA Court on the day-to-day operation and management of the EEA Agreement, including recent developments and challenges.
Global Trade Management (GTM) has evolved from a collection of standalone supply chain and enterprise applications into an integrated, robust solution that ties them all together on a common platform. Just as supply chains have changed dramatically in the past decade to adapt to new global sourcing and production trends, companies that seek to stay on the forefront of GTM and supply chain management are embracing advances that give them an edge over the competition. But where should you start? And what does the future hold in store?
Duty Drawback Simplification regulations are finally here, and they’re a game-changer for importers and exporters looking to recover duties and fees. Companies can now go back five years for duty drawback claims, but you need a plan.
Join Amber Road’s Global Trade Academy for a complimentary webinar this Thursday, September 13, at 2PM EST, with Drawback Specialist Brenda Sweetman.
Brenda, along with Global Trade Academy’s Suzanne Richer, will walk you through the key points in the proposed regulations:
With just over six months to go before the ongoing divorce saga of Brexit is finalized, the UK government is preparing businesses for the possibility of a ‘no-deal Brexit’. In this scenario—which they insist is really, really unlikely—the UK and the EU will split on March 29, 2019 without an agreement in place outlining their new relationship. This would affect every business in the EU and UK that conducts cross-border trade, along with companies that currently export to the UK under EU rules.
