Timely reporting and publishing of agricultural export sales data is key to effectively functioning markets. The U.S. Department of Agriculture is required by law to publicly release summary sales data obtained from U.S. exporters of many agricultural commodities. Weekly Reporting Each week, U.S. exporters are required to report to USDA’s Foreign Agricultural Service (FAS) any sales…
As an business involved in international trade training, we have spent many years educating companies about their exporting activities. The more time we spend with clients, the more we realize that it is not just the obvious physical exporters of goods who need to be concerned about compliance. It is also those that are involved…
CONCORD – Intertech Trading Corporation, an Atkinson, New Hampshire-based laboratory equipment distributor, pleaded guilty in federal court to 14 felony counts of failure to file export information on shipments to Russia and Ukraine, United States Attorney Jane E. Young announced today. According to court documents and statements made in court, between 2015 and 2019, Intertech exported…
Here Is One List You Don’t Want To Be A Part Of Getting recognition for your accomplishments and outstanding achievements can be humbling and an honor when recognized by others in the community. When it comes to Trade Compliance, there are definitely some lists that you want to stay away from. The Violation Tracker list…
A Transformative Approach for the Future of Trade Since the last comprehensive trade legislation reforms in 1993, growth in e-commerce, rapid technological change, and the continued expansion of the global marketplace have significantly altered how trade is conducted. As these shifts continue to accelerate and evolve, it is imperative for the U.S. Government to act now to pursue transformational reforms…
Internal Trade Policy In the following transcript, George W. Thompson discusses the likely impacts on American international trade policies under the Biden administration. Explore our international trade courses here. If you expected that the Biden international trade policy would mean a break from that under the Trump administration. Well, I hate to…
The Federal Trade Commission (FTC) has filed a Federal District Court complaint alleging that Chemence, Inc. committed unfair trade practices by claiming its merchandise, glue, is “Made in the U.S.A.” The FTC is charged with enforcement of statutes prohibiting the use of “unfair or deceptive acts or practices” in commerce. Its lawsuit seeks an injunction against…
Parenting can be such a chore. Minding wayward little ones, cleaning up after them, and getting hit with six-figure Treasury Department penalties for their misbehavior can offset the joy of beholding the smiles on their cherubic faces. Did I say Treasury Department penalties? Yes, they can arise when the parent is a U.S.-based company and…
The Federal Trade Commission’s rules governing assertions that a product is “Made in the U.S.” can be confusing. As we’ve discussed on various occasions, that agency has strict standards on when claims of United States origin are permissible. I won’t repeat the Made In/Assembled In and qualified and unqualified claim distinctions here, except to note that they…
Why Exporting your product is a good idea Expanding your bottom line and selling to customers abroad is likely part of your business strategy or on your roadmap. It is no wonder why, according to a study by the Institute for International Economics, U.S. companies that export not only grow faster, but are nearly…