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GSP Program Expires

The Generalized System of Preferences program expired July 31st despite efforts to pass legislation to extend the program to September 2015. Chances of renewal are slim at this point since Congress adjourns for its summer recess on August 2nd. They are not back in session until after Labor Day, so importers can expect to pay […]

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GSP Update

As most of you know, the Generalized System of Preferences (GSP) program expired July 31, 2013. The average liquidation cycle is about 10 months, so entries made in August 2013 will be liquidating shortly. The question has come up if importers should start filing protests or requesting suspension of liquidation in order to preserve their […]

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China Freight News

Re:  Speculation over China’s final implementation of Circular Caishui 37’s (“Circular 37”) 6% VAT and how it will be applied. Circular 37 is a proposed tax policy which includes VAT on the “transportation and modern services sector” and which was jointly issued by the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) […]

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GSP is Due to Expire July 31st

The Generalized System of Preferences (GSP) program is slated to expire on July 31, 2013. As of this writing, it appears unlikely that Congress will extend the legislation prior to the expiration date. With the upcoming Congressional summer recess, we may be facing another late renewal of GSP, albeit hopefully with retroactive status. We recommend […]

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ILA and USMX Come to Six Year Agreement

The International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) have finally come to an agreement on a six-year contract for East and Gulf Coast dockworkers. This agreement is the culmination of nearly a year’s worth of difficult on-and-off negotiations between the two groups. The ILA’s wage scale committee recommended ratification by the […]

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Customs to Begin Full Enforcement of ISF July 9, 2013

U.S. Customs and Border Protection (CBP) has announced that they will begin full enforcement of the Importer Security Filing (ISF or 10+2) on July 9, 2013. To date, CBP has been applying a measured and commonsense approach to ISF enforcement. The existing liquidated damages provisions will be employed. While there may be multiple errors on […]

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Labor Strike at Hong Kong Terminals

We would like to inform you about the current status of a labor strike at the Hong Kong International Terminals (HIT). HIT, which has a 70% market share in terms of port handling volumes, operates five terminals out of a total 9 berths (with 16 deep water ship berths) at the Kwai Chung Terminal Port […]

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