U.S. Launches Indo-Pacific Economic Framework
May 23, 2022
President Biden launched the Indo-Pacific Economic Framework for Prosperity (IPEF) during a visit to Japan, marking the start of his signature economic initiative. The U.S. will be joined by 12 Asian countries for upcoming negotiations, including Australia, Brunei Darussalam, India, Indonesia, Japan, South Korea, Malaysia, New Zealand, Philippines, Singapore, Thailand, and Vietnam. In a White …
AAEI and GSA to Develop Charter on Solving Global Port Congestion
October 21, 2021
AAEI and its counterparts in Asia and Europe who comprise the Global Shippers Alliance (GSA) are developing a charter to address the global issue of port congestion. At a recent meeting, the GSA outlined three key common port challenges: the lack of shippers’ rights; the need to address labor shortages and capacity at ports; and …
BIS Adds New Sanctions Page to Website on Russia, Belarus
March 10, 2022
The Bureau of Industry and Security (BIS) added a new webpage to its website today to provide U.S. exporters with updated information on the new export controls and sanctions related to Russia’s invasion of Ukraine. BIS “has taken swift and severe action to impose stringent export controls on Russia,” the webpage states. “These restrictions have …
President Biden Modifies 2022 HTSUS
January 11, 2022
President Biden issued a proclamation in late December to modify the 2022 U.S. Harmonized Tariff Schedule (HTSUS). It amends the HTSUS to confirm with the World Customs Organization’s (WCO’s) product classification updates. It also suspends trade benefits to three counties, Ethiopia, Guinea and Mali, under the African Growth and Opportunity Act (AGOA). The proclamation states, …
White House Reports Progress on Port Congestion
November 18, 2021
The White House released a report on tracking progress at the nation’s ports to resolve congestion. The report says recent data shows improvement, including at the Ports of Los Angeles and Long Beach where the number of containers sitting on the docks for more than 9 days is down by about one-third over the first …
World Customs Chief Featured at AAEI Conference
May 6, 2021
World Customs Organization (WCO) Secretary General Dr. Kunio Mikuriya, delivered a keynote at AAEI’s 100th Anniversary Conference and Expo on June 29, 2021. The World Customs Organization (WCO), established in 1952 as the Customs Co-operation Council (CCC) is an independent intergovernmental body whose mission is to enhance the effectiveness and efficiency of Customs administrations. Today, …
Global Supply Chains Strained by Combined Events
July 25, 2021
A new wave of COVID-19, flooding in China and Germany and a cyber-attack on ports in South Africa are colliding on global supply chains at a time when U.S. importers and exporters are already strained by port congestion. The impact of buckling supply chains is felt most in the U.S. and China, which account for …