Watch a Free Webinar: Understanding Export Regulations – Part 2

By: Omari Wooden

On September 24, we held Part 2 of the Go Globe-Webinars-2013Global webinar series, which focused on understanding the Export Administration Regulations (EAR).

The EAR is managed and updated by the Bureau of Industry and Security (BIS) and is used to determine if an export or product is subject to Department of Commerce license requirements. Learn the who, how, what, and where of determining export control requirements. The webinar included information on:

  • The role of the BIS and the EAR
  • Types of Commerce Exports
  • Consolidated Screening List
  • Export Control Classification Number (ECCN)
  • EAR99 Items
  • Commerce Control List (CCL)

The next free webinar in the Go Global series will be held on November 5 and focus on avoiding and resolving foreign trade barriers or unfair situations in foreign markets.

View past and sign up for future webinars.

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Why are Export Statistics and the Foreign Trade Regulations Important To You?

By: Sean Kline

Why are export statistics important to the average person?

The average person in America may not find export statistics relevant. What they may not realize is that the balance of trade (as presented in the U.S. International Trade in Goods and Services Report), has a significant impact on our economy and is an integral part of the Gross Domestic Product (GDP). These data can provide insight into the health of the economy. As you can see from the graph below, exports slowed from 2008 to 2009 but then began to rise annually after the “great recession” ended in 2009. Since these statistics are such important measures of the economy, the Census Bureau and Bureau of Economic Analysis have implemented an accelerated release program in which the U.S. International Trade in Goods and Services Report is available almost a week earlier than before. Here at the Census Bureau, our goal is to provide the most timely and accurate statistics possible so that you have access to the information when you need it.6-6-2013 4-34-27B PMWhy are the Foreign Trade Regulations important to the average person?

The Foreign Trade Regulations (FTR) regulate all exports of goods out of the United States. Even if you may not consider yourself an exporter, a simple trip to the Post Office can change your responsibilities. Every day I receive calls from people sending packages to foreign countries. Although typically most packages don’t require an AES filing, you do need to know the exemption that applies your shipment.

For example, when I sent care packages to my brother in Afghanistan, I used exemption NOEEI 30.37(a) because the items were valued under $2,500 and did not require a license. This is just one example of the many instances in which the average American can become an exporter and fall within the scope of the FTR.

For more information about the FTR, please visit our website at www.census.gov/trade.

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Watch a Free Webinar: Understanding Export Regulations

By: Omari Wooden

Yesterday we held the ninth webinar of the Go Global series focusing on Understanding the Foreign Trade Regulations.

The Foreign Trade Regulations set Globe Webinars 2013forth the rules and regulations for all parties involved in the export transaction. Learn more to avoid common mistakes by making the right decisions regarding your export shipments from day one. The webinar included information on:

  • U.S. Principal Party in Interest
  • When filing is required
  • Types of export transactions
  • Penalties
  • Best Practices

The next free webinar in the Go Global series will be held on September 24 and will focus on understanding the Export Administration Regulations.

View past and sign up for future webinars.

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July Services Trade Set Records

By: John Sperry

In July, the Nation’s international trade deficit increased to $39.1 billion from $34.5 billion in June (revised), as imports increased and exports declined.  Imports increased $3.5 billion to $228.6 billion primarily due to increases in industrial supplies and materials ($2.0 billion) and automotive vehicles, parts, and engines, ($0.8 billion) which set a record high ($26.5 billion).  Exports decreased $1.1 billion to $189.4 billion, driven by decreases in capital goods ($1.6 billion) and consumer goods ($1.4 billion). An increase in industrial supplies and materials ($1.7 billion) which included highest on record exports of petroleum products ($12.5 billion), partially offset the decline in exports.  July also set record exports ($56.7 billion) and imports ($37.3 billion) of services.

Croatia Joins the European Union

Effective with this release, the European Union was expanded to reflect the entry of Croatia on July 1, 2013.  Though we have recorded a year-to-date trade deficit of $66.3 million with Croatia, July’s monthly trade balance witnessed a $6.3 million trade surplus.  Despite the addition of Croatia’s trade surplus, the July deficit with the European Union ($13.9 billion) was the highest on record due to record imports ($35.1 billion).   The graph below displays the European Union exports, imports, and trade balance over the last twenty-four months, it reflects the countries in the grouping as they were at the time of reporting.

July_2013

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Free AESDirect and AESPcLink Webinar

By: Omari Wooden

Learn how to file to the Automated Export System using AESDirect and AESPcLink with our eighth webinar of the Go Global series,  Documentation and Shipping.

Easily manage your export reporting by learning the do’s and don’ts of the Automated Export System.  Learn more about the benefits of templates, profiles and the shipment manager.  In this webinar you will learn how to save time and money by efficiently managing your electronic export reporting.

The next free webinar is on September 10th and will focus on the Foreign Trade Regulations.

View past and sign up for future webinars

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A Look into Foreign Trade Zones

By: Michael Simmons

What are Foreign Trade Zones?

Why Foreign Trade Zones?

If you’ve thought about expanding your trade efforts, there are many advantages for using or operating a Foreign Trade Zone (FTZ). You can ship, store, assemble, or manufacture merchandise from FTZs. Zones also offer employment opportunities and stimulate trade. Using a FTZ offers relief from inverted tariff and duty exemption on re-exports and the cash flow cost savings will be of great value to your organization.

Data from Foreign Trade Zones

We collect information regarding Foreign Trade Zones from the EEI exporters submit. As you can see from Graph 1 , the use of FTZs for exports contributes significantly to overall U.S trade efforts, accounting for millions in revenue. In Graph 2 you can see the top countries of import that use FTZs to deliver a vast array of products and merchandise, such as automobiles, spirits, and confectionary are admitted into the U.S. Foreign Trade Zone.

With more than 280 Foreign Trade Zones in the U.S available for foreign and domestic companies, the use of zones continues to increase providing job opportunities for the community and numerous benefits to their users.

If you have questions regarding FTZs, contact us at 301-763-2259 or visit the Foreign Trade Zone Board or the National Association of Foreign Trade Zones.

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Watch a Free Webinar: Trade Financing Part 2

By: Omari Wooden

Learn about the financing options available to help you start exporting with our seventh webinar of the Go Global series,  Trade Financing: Part 2.

Working capital is available under a U.S. government-guaranteed loan program or as a direct loan up to $500,000 to help fund any export development activity, including:

  • Translating your product literature or website
  • Participation in a foreign trade show or trade mission
  • Foreign travel to meet potential business partners
  • Funding your export orders

As if that did not sound good enough, there are also guaranteed-loans for up to $5 million available to fund your export transactions. In addition, a credit insurance policy allows you to reduce 95% risk of non-payment. Watch the webinar to learn more.

The next free webinar is on August 27th and will focus on the Automated Export System requirements - Documentation and Shipping.

To register:
1.  Approximately 15 minutes prior to the start of the webinar, go to our training page.
2.  Click on the Go Global webinar series.
3.  Click on the log-in information and call into the dial-in number.

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June Exports Set Records

By: John Sperry

In June, the Nation’s international trade deficit decreased to $34.2 billion from $44.1 billion in May (revised), as exports increased and imports declined.  Exports increased $4.1 billion to a record high $191.2 billion primarily due to increases in industrial supplies and materials ($1.5 billion) and capital goods, ($1.5 billion) which also set a record high ($46.2 billion).  Imports decreased $5.8 billion to $225.4 billion, primarily driven by decreases in industrial supplies and materials ($2.5 billion) and consumer goods ($1.6 billion).  Following two months of increases in petroleum imports, June petroleum imports ($29.0 billion) contributed to the lowest petroleum deficit ($17.4 billion) since August 2009 ($17.3 billion).

Second Calendar Quarter Sets Export Records

With the highest on record goods ($134.3 billion) and services ($56.9 billion) exports in June, the second calendar quarter of the year closed with both record high exports of goods ($395.7 billion) and services ($170.1 billion).  As seen in the graph, these quarterly records led to the highest quarter exports on record ($565.8 billion).  For more historical trade data visit our website.

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Watch a Free Webinar: Trade Financing Part I

By: Omari Wooden

Yesterday we held the sixth webinar of the Go Global series focusing on: “Trade Financing: Part I”.

Learn more about the financing options to get started. Working capital is available under a U.S. government-guaranteed loan program or as a direct loan up to $500,000 to help fund any export development activity including:

  • Translating your product literature or website
  • Participation in a foreign trade show or trade mission
  • Foreign travel to meet potential business partners
  • Funding your export orders

As if that did not sound good enough, there are also guaranteed-loans for up to $5 million available to fund your export transactions. In addition, a credit insurance policy allows you to reduce 95% risk of non-payment.  Watch the webinar to learn more.

The next free webinar is on August 13 and will also focus on Trade Financing.

To register:
1.  Approximately 15 minutes prior to the start of the webinar, go to our training page.
2.  Click on the Go Global webinar series.
3.  Click on the log-in information and call into the dial-in number.

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Find Buyers and Make Contacts Abroad: How the Foreign Agricultural Service Can Help

By: Omari Wooden

The fifth Go Global webinar was held last week, focusing on: “Finding Buyers and Making Contacts: Part II”.

You can access the webinar here.

Learn about the services the Foreign Agricultural Service offers you for the export of food or agricultural products. These include:

  • Customized export assistance
  • Cost-share export promotion funding
  • Trade show exhibit support
  • Training and trade missions

The Foreign Agricultural Service collaborates with 75 groups in the industry, manages a toolkit of market development programs, and provides credit guarantee programs.  They also provide unique market intelligence on foreign market opportunities, online databases of foreign buyers, U.S. suppliers, and trade leads.

Tune into the Go Global Webinar Series.  Each webinar is led by financial, regulatory, and trade experts and focuses on different topics – from picking your market, accessing trade data, learning about available financing options, just to name a few.

The next free webinar is on Trade Financing.

To register:
1.  Approximately 15 minutes prior to the start of the webinar, go to our training page.
2.  Click on the Go Global Webinar Series.
3.  Click on the log-in information and call into the dial-in number.

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