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March 26, 2012

CBP Announces 2012 West Coast Trade Symposium

In a Federal Register notice published March 19, 2012 U.S. Customs and Border Protection (CBP) announced that the 2012 West Coast Trade Symposium: "Harmonizing Trade for a Stronger Economy," is scheduled to take place on May 10, 2012 in Long Beach, California.

The notice states that, "Due to the overwhelming interest to attend past symposia, each company is requested to limit their company’s registrations to no more than three participants, in order to afford equal representation from all members of the international trade community." In addition, a live webcast of the even, including historical access to the recorded sessions, will be available for those unable to attend.

CBP will be holding two trade symposia this year, one on the West Coast and one on the East Coast. Registration for the West Coast Symposium is now open.

Additional details and registration instructions for 2012 West Coast Trade Symposium are available at:
http://www.cbp.gov/xp/cgov/trade/trade_outreach/2012_symposium/symposium12.xml

The full text of the Federal Register notice can be accessed online at:
http://www.gpo.gov/fdsys/pkg/FR-2012-03-19/pdf/2012-6589.pdf


CBP Updates Regulations for U.S.-Korea FTA

In a Federal Register notice published March 19, 2012 U.S. Customs and Border Protection (CBP) and the Department of the Treasury amended Title 19 of the Code of Federal Regulations (CFR) on an interim basis to implement the tariff treatment and other custom-related provisions for the U.S.-Korea Free Trade Agreement (UKFTA).

The UKFTA entered into force with respect to goods entered, or withdrawn from warehouse, on or after March 15, 2012. This notice amends CBP regulations to incorporate the changes required by the trade agreement, particularly within 19 CFR Part 10.

Topics addressed by the update include:
- General Rules of Origin
- Value Content
- Fungible Goods and Materials
- Goods Classifiable as Goods Put Up in Sets
- Transit and Transshipment

Comments must be received by May 18, 2012

The full text of the Federal Register notice can be accessed online at:
http://www.gpo.gov/fdsys/pkg/FR-2012-03-19/pdf/2012-6554.pdf


CBP Posts Overview of Importer Self-Assessment Program

On March 22, 2012, U.S. Customs and Border Protection (CBP) posted an updated version of their Importer Self-Assessment (ISA) Program Overview presentation on their website.

The ISA program is a voluntary partnership between an importer and CBP which allows importers who are willing to assume certain compliance monitoring responsibilities to receive associated benefits.

The ISA presentation addressed a number of topics and questions, including:
- Requirements for Participation
- ISA Benefits
- The Application Process
- Post-Acceptance Requirements
- Internal Controls
- Current Participation Levels


The ISA Overview presentation is available for download at:
http://www.cbp.gov/linkhandler/cgov/trade/trade_programs/importer_self_assessment/c_tpat_seminar.ctt/c_tpat_seminar.ppt

 

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Tons News is compiled from a number of public sources that, to the best of Tons knowledge, are true and correct. It is our intent to present only accurate information. However, in the event any information contained herein is erroneous, Tons accepts no liability or responsibility.