The case for an Integrated Trade Compliance Strategy presentation including the visual silo based model and integrated trade compliance strategy model.
Today's supply chains are going global, business' still work in silo's that disconnect the sourcing from the selling process, this creates compliance risk and potential liability. An Integrated Trade Compliance Strategy address' those concerns from Boardroom to Operational Execution.
The impact of regulation on cross-border trade.
Does regulation contribute to bottlenecks?
Responding to change: Having a nimble, flexible supply chain.
A working team:the cargo owner, freight forwarder and customs.
The European Banking Authority are proposing to change fundamentally the prudential landscape for investment firms. In this briefing we looked at these proposals for strategic context around the update to your 2016 ICAAP.
Today's supply chains are going global, business' still work in silo's that disconnect the sourcing from the selling process, this creates compliance risk and potential liability. An Integrated Trade Compliance Strategy address' those concerns from Boardroom to Operational Execution.
The impact of regulation on cross-border trade.
Does regulation contribute to bottlenecks?
Responding to change: Having a nimble, flexible supply chain.
A working team:the cargo owner, freight forwarder and customs.
The European Banking Authority are proposing to change fundamentally the prudential landscape for investment firms. In this briefing we looked at these proposals for strategic context around the update to your 2016 ICAAP.
With export entry modes a firm’s products are manufactured in the domestic market or a third country and then transferred either directly or indirectly to the host market. Export is the most common mode for initial entry into international markets. Sometimes an unsolicited order is received from a buyer in a foreign country, or a domestic customer expands internationally and places an order for its international operations. This prompts the firm to consider international markets and to investigate their growth potential.
Exporting is thus typically used in initial entry and gradually evolves towards foreign-based operations. In some cases where there are substantial scale economies or a limited number of buyers in the market worldwide (e.g. for aerospace), production may be concentrated in a single or a limited number of locations, and the goods then exported to other markets.
Exporting can be organized in a variety of ways, depending on the number and type of intermediaries. As in the case of wholesaling, export and import agents vary considerably in the range of functions performed. Some, such as export management companies, are the equivalent of full-service wholesalers and perform all functions relating to export. Others are highly specialized and handle only freight forwarding, billing or clearing goods through customs.
In establishing export channels a firm has to decide which functions will be the responsibility of external agents and which will be handled by the firm itself.While export channels may take many different forms, for the purposes of simplicity three major types may be identified: indirect, direct and cooperative export marketing groups.
Global Marketing
Svend Hollensen
Fifth Edition
A decision-oriented approach
Another year has gone by and the FCA’s combined Business Plan and Risk Outlook has been released… So what’s new and what does it mean for your firm?
Our briefing walked through the key messages of the document and took a look back at 2015’s release. We also explored what you might need to be doing differently in the year ahead.
This presentation by Russell Damtoft, Office of International Affairs, United States Federal Trade Commission, was made during the discussion on "Merger control in Latin America and the Caribbean ̶ Recent developments and trends" held at the 2017 Latin American and Caribbean Competition Forum (4-5 April 2017 – Managua, Nicaragua). More papers and presentations can be found at oe.cd/laccf.
Customs4trade Customs and Trade management softwarePavel Malei
CAS is an end-to-end solution for customs and trade management. It’s designed by and for customs experts in order to drive efficiency in a time-critical and complex customs and trade landscape. CAS is a Software-as-a-Service solution, which means it is kept up-to-date with changing legislation and tariff measures automatically. It can easily be integrated with your ERP/WMS data and administration.
This presentation by Kusha Haraksingh Chairman of CARICOM, was made during the discussion on "Addressing competition challenges in financial markets" held at the 2017 Latin American and Caribbean Competition Forum (4-5 April 2017 – Managua, Nicaragua). More papers and presentations can be found at oe.cd/laccf.
The 7 Pillars of Market Surveillance 2.0Software AG
Software AG explores the Seven Pillars of Market Surveillance 2.0 that will lead you to the next generation of bigger and better market surveillance, leaving the fines and prison sentences behind.
Relying on Data for Strategic Decision-Making--Financial Services ExperienceCloudera, Inc.
Many Federal agencies can benefit from the real-world experience of the financial services sector when it comes to best practices for big data management, cybersecurity, and fraud detection and mitigation. The reality is that most government organizations struggle to manage and reconcile financial information, as they must rely on a mix of legacy systems and newer applications to make fundamental business decisions. If you have big data challenges and are looking for a better way to streamline and secure data management to support your agency’s business and IT operations, plan to attend this session. This is your opportunity to understand how Hadoop can support your specific financial management mandates and help you use your organizational information to make defensible, data-driven decisions.
With export entry modes a firm’s products are manufactured in the domestic market or a third country and then transferred either directly or indirectly to the host market. Export is the most common mode for initial entry into international markets. Sometimes an unsolicited order is received from a buyer in a foreign country, or a domestic customer expands internationally and places an order for its international operations. This prompts the firm to consider international markets and to investigate their growth potential.
Exporting is thus typically used in initial entry and gradually evolves towards foreign-based operations. In some cases where there are substantial scale economies or a limited number of buyers in the market worldwide (e.g. for aerospace), production may be concentrated in a single or a limited number of locations, and the goods then exported to other markets.
Exporting can be organized in a variety of ways, depending on the number and type of intermediaries. As in the case of wholesaling, export and import agents vary considerably in the range of functions performed. Some, such as export management companies, are the equivalent of full-service wholesalers and perform all functions relating to export. Others are highly specialized and handle only freight forwarding, billing or clearing goods through customs.
In establishing export channels a firm has to decide which functions will be the responsibility of external agents and which will be handled by the firm itself.While export channels may take many different forms, for the purposes of simplicity three major types may be identified: indirect, direct and cooperative export marketing groups.
Global Marketing
Svend Hollensen
Fifth Edition
A decision-oriented approach
Another year has gone by and the FCA’s combined Business Plan and Risk Outlook has been released… So what’s new and what does it mean for your firm?
Our briefing walked through the key messages of the document and took a look back at 2015’s release. We also explored what you might need to be doing differently in the year ahead.
This presentation by Russell Damtoft, Office of International Affairs, United States Federal Trade Commission, was made during the discussion on "Merger control in Latin America and the Caribbean ̶ Recent developments and trends" held at the 2017 Latin American and Caribbean Competition Forum (4-5 April 2017 – Managua, Nicaragua). More papers and presentations can be found at oe.cd/laccf.
Customs4trade Customs and Trade management softwarePavel Malei
CAS is an end-to-end solution for customs and trade management. It’s designed by and for customs experts in order to drive efficiency in a time-critical and complex customs and trade landscape. CAS is a Software-as-a-Service solution, which means it is kept up-to-date with changing legislation and tariff measures automatically. It can easily be integrated with your ERP/WMS data and administration.
This presentation by Kusha Haraksingh Chairman of CARICOM, was made during the discussion on "Addressing competition challenges in financial markets" held at the 2017 Latin American and Caribbean Competition Forum (4-5 April 2017 – Managua, Nicaragua). More papers and presentations can be found at oe.cd/laccf.
The 7 Pillars of Market Surveillance 2.0Software AG
Software AG explores the Seven Pillars of Market Surveillance 2.0 that will lead you to the next generation of bigger and better market surveillance, leaving the fines and prison sentences behind.
Relying on Data for Strategic Decision-Making--Financial Services ExperienceCloudera, Inc.
Many Federal agencies can benefit from the real-world experience of the financial services sector when it comes to best practices for big data management, cybersecurity, and fraud detection and mitigation. The reality is that most government organizations struggle to manage and reconcile financial information, as they must rely on a mix of legacy systems and newer applications to make fundamental business decisions. If you have big data challenges and are looking for a better way to streamline and secure data management to support your agency’s business and IT operations, plan to attend this session. This is your opportunity to understand how Hadoop can support your specific financial management mandates and help you use your organizational information to make defensible, data-driven decisions.
International Trade Compliance Strategy Responsibility MatrixGHY International
A quick reference tool that supports the white paper, The Case for an Integrated Trade Compliance Strategy. It shows a road map of relationships, owners, and tasks that are intertwined when an organization is active in international trade. This road map can assist an organization to benchmark their current practice versus that proposed with an Integrated Trade Strategy.
Real time trade surveillance in financial marketsHortonworks
Who’s winning the deep forensic analysis ‘arms race’ for compliance? Real-time trade surveillance in global financial markets has created a data tsunami. With greater volumes of data comes greater compliance risk. CNBC reports U.S. Banks have been fined over $200B since the financial crisis. How are compliance teams fighting back to make more of the data and stay out of regulatory hot water? Rapid response to suspect trades means compliance teams need to access and visualize trade patterns, real time and historic data, to navigate the data in depth and flag possible violations. Join Hortonworks and Arcadia for this live webinar: we’ll cover the use case at a top 50 Global Bank who now has deep forensic analysis of trade activity. The result: interactive, ad hoc data visualization and access across multiple platforms – without limits on historic data – to detect irregularities as they happen. In-depth expert presentations by:
Shailesh Ambike, Executive Co-Chair of Compliance & Legal Section (CLS) Education Sub-Committee of the Investment Industry Regulatory Organization of Canada (IIROC)
Vamsi K Chemitiganti, GM – Financial Services at Hortonworks
We recently ran a webinar title: "Trade Compliance Automation - Reducing Supply Chain Risk in an Increasingly Complex and Hostile World." In that webinar we discussed the reasons that Trade Compliance risk and associated costs are increasing because of the explosion of data, trade uncertainty, and the increased demands of Customs and PGAs on the trade community
This webinar focuses on how a company can simplify its trade compliance processes and greatly mitigate the risks associated with moving product across borders.
This webinar is for CSCO, VPs and Directorsof Trade Compliance, and Trade Compliance practitioners.
Agenda:
1) Current practices in Trade Compliance
2) Strategic vs Tactical approach to Trade Compliance
3) The role of automation in achieving Trade Compliance Simplicity
4) The absolute benefits of simplifying Trade Compliance - Lower Risk and Cost
5) What Trade Compliance simplicity looks like
Complexity comes with very high direct and indirect risk and cost. Trade Compliance is exposed to highly shifting environment that amplifies and already complex state. Simplifying trade compliance processes delivers broad supply chain benefits and specific trade compliance wins.
Exploring Relationship Between Risk & ComplianceComplianceTrack
• How to identify compliance risks in the business
• How to involve risk management in compliance management
• Integrating compliance risks with useful management tools
The ability to gain and to benefit from market access depends increasingly on compliance with trade regulatory measures such as sanitary requirements and goods standards. These non-tariff measures (NTMs) represent a challenge for exporters, importers and policy makers. Many NTMs have primarily non-trade objectives such as the protection of public health or the environment, while affecting trade de facto through procedural requirements. NTMs can be unintentionally discriminatory against smaller exporters and poorer countries. Appropriate trade regulatory measures in developing countries that are efficient, provide protection for consumers and support development is challenging but important.
Understanding the uses and implications of these trade policy instruments is essential for the formulation and implementation of effective development strategies.
The CHRISVINC profile offers a glimpse into our extensive multidisciplinary capabilities to support business through our humongous expertise in the area of Indirect taxation, customs & import-export regulations, foreign trade policy, special economic & free trade and warehousing zone, regulatory system and international trade operations.
We would appreciate your queries on any of the above-mentioned subjects. Kindly email queries to info@chrisvinc.com.
GHY University: Global Free Trade Agreements - Case Studies of Utilization; t...GHY International
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GHY University: Your Broker Relationship and the Regulatory Landscape - Dec 2...GHY International
Event Description:
Canada Border Services Agency (CBSA) and Customs and Border Protection (CBP) administer hundreds of Government Acts in support of the health, safety and security in Canada and the United States. Being compliant with these regulations is essential to ensure a cost-effective and seamless flow of cross border trade. It’s paramount to design Standard Operating Procedures & Key Performance Indicators with your supply chain partners to eliminate financial penalties and protect your brand image.
This webinar will provide an overview to current & emerging processes along with best practice examples in order to stimulate identifying ideas that may create compliance enhancements.
Presenter - Al Dewar:
Al is a Certified Trade Compliance Specialist and holds a Professional Customs Broker designation. Al has been at GHY since 1982 in a variety of roles within the operation, culminating in his present role as VP, Client Services and Regulatory Affairs. Al currently serves as a Board member on the Canadian Society of Customs Brokers as 2nd Vice Chair and is actively involved in committees.
Join us for a jam packed hour of discovering all the tools that
GHY provides you, our clients, in order to support your various trade needs. We will cover both Canada and US tools offerings.
1. Where to find them on our new website
2. What do they do / why would you use them:
Track shipments
Reporting
Release Status
Record retention / retrieval
Document Creation
3. Advanced Electronic Solutions
4. Are there any costs to use these tools?
This is not a detailed training session on any one tool but an overview of all the tools available to you as a client of GHY.
Nigel Fortlage, the presenter, is the architect and overseer of GHY’s technology, and is visionary in equipping GHY to meet its present and future challenges in an information-intensive industry. Nigel has spoken at many national and international events, and was named to Huffington Posts Top 100 Most Social CIO’s on Twitter.
A “How To” guide for importing into Canada giving you tips and showing you the risks.
Event Description
A " how to" guide for Basic Importing into Canada. In this session giving you tips and showing you the risks.
Entry Process
Tariff Classification
Valuation
Country of Origin
Entry Summary
Post Entry
Record Keeping
Valerie Michaud & Brittany King
Valerie Michaud will be facilitating Basic Importing into Canada. Valerie brings 22 years of trade facilitation experience across all modes of Transport. Valerie holds both a Certified Customs Specialist (CCS) and Certified Trade Compliance Specialist (CTCS) Designations.
Brittany King, a fellow team member, currently enrolled in Introductory customs course through the CSCB will co-present.
GHY University - Free Trade Agreements: Understanding the Risks & Opportuniti...GHY International
Importers are subject to higher degrees of customs enforcement and penalties by claiming Free Trade Agreements. Using a ‘Case Study’ approach, this GHY University session will provide deeper understandings of benefits and pitfalls in claiming a FTA for goods entering into Canada or the United States.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
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LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
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6. Canada’s International Import Sources 2009 Imports: $365.2 billion Data Source: Industry Canada, Trade Data Online , June 2010
7. Canada’s International Export Destinations 2009 Foreign Merchandise Exports: $334.6 billion Data Source: Industry Canada, Trade Data Online , June 2010
15. Product Design Production/Manufacturing Global Sourcing Supply Chain/Logistics Shipping Human Resources Information Technology Assets & Liabilities Cash Flow Management Regulatory Compliance Risk Management Financial Report Administration Domestic Sales International Sales New Export Markets Contract Negotiations Contract Management Sales Administration Marketing CDN Customs Broker US Customs Broker Trade Services CDN Auditors US Auditors Legal Services Finance Services Current Model
16. Minimize Risk Optimize Opportunity Integrated International Trade Strategy Predictable Compliant Sustainable Service Providers ·Legal ·Financial ·Trade ·Customs Integrated Model
17. Minimize Risk Optimize Opportunity Integrated International Trade Strategy Predictable Compliant Sustainable Service Providers ·Legal ·Financial ·Trade ·Customs Integrated Model enterprise performance enterprise expansion enterprise risk/liability accountability framework
18. Minimize Risk Optimize Opportunity Integrated International Trade Strategy Predictable Compliant Sustainable Service Providers ·Legal ·Financial ·Trade ·Customs Integrated Model key performance indicators KPI strategic planning expansion assessment partnerships, acquisitions enterprise risk assessments executive team leadership budgets, revenue projections
19. Minimize Risk Optimize Opportunity Integrated International Trade Strategy Predictable Compliant Sustainable Service Providers ·Legal ·Financial ·Trade ·Customs Integrated Model business plan execution P & L --financial performance risk management and reporting strategic plan execution management team leadership
20. Minimize Risk Optimize Opportunity Integrated International Trade Strategy Predictable Compliant Sustainable Service Providers ·Legal ·Financial ·Trade ·Customs Integrated Model
21. Minimize Risk Optimize Opportunity Integrated International Trade Strategy Predictable Compliant Sustainable Service Providers ·Legal ·Financial ·Trade ·Customs Integrated Model
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24. Minimize Risk Optimize Opportunity Integrated International Trade Strategy Predictable Compliant Sustainable Service Providers ·Legal ·Financial ·Trade ·Customs Integrated Model
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Editor's Notes
Thank you for the introduction and the invitation to speak on this topic today We are active supporters of IE Canada and appreciate what the organization is doing to equip and train Canada’s international traders. Borders and Customs are increasingly important factors for traders to deal with, and we know IE Canada really gets that. Simply put, compliance is an enabler of trade; non-compliance is a barrier to trade. Hopefully this session will help shed some light on a strategic approach to addressing compliance as a business priority.
We want to to address 3 basic questions today: 1. Why is there trade compliance risk? 2. What constitutes risk? 3. How can I mitigate these risks. We will start with the Regulatory perspective – what is the “Rule Maker’s” end game? The objective is to know their game plan, processes they use, and outcomes they are working toward. It then becomes easier to design, build, and maintain a plan that is sustainable-- not a flavor of the day type of exercise which will ultimately fail. My Intention is to build the case for why a proactive compliance plan makes commercial sense, and an essential component of a solid international supply chain strategy. My thesis today has 5 components: Globalization of trade and regulatory complexity are both increasing rapidly so compliance issues will continue to intensify. Regulators in Canada and the US are harmonizing their efforts to monitor and enforce compliance, increasing risk of detection. Non-compliant trade practices have far-reaching commercial implications beyond penalties and sanctions. An intelligent trade risk strategy anticipates outcomes and consequences and addresses proactively. A compliance strategy must be robust and viable for the long term, and have full corporate visibility.
This slide indicates the growth in Canadian trade from 1989 to the present. There will be downward blip for 2009 and possibly 2010. But the long-term trajectory is expected to grow significantly through 2020 and beyond. You can see that global supply chains and expansion of global markets is still in its early stages. In fact David Fung, Chairman of the CME, suggests we are now seeing about 5% of the Canadian/Asian trade that will develop over the coming decades.
In 2006, for every $100 dollars of merchandise imported into Manitoba, there was $88.4 exported. Imports grew by 25.5% over the 2001 – 2006 period. Leading imports for 2006 includes: excavation/construction equipment, tractors, motor vehicles, motor vehicle parts, trucks, harvesting equipment. In 2006, top six leading country of origin for imports were : U.S., China/HK, Germany, Mexico, Japan and U.K. Second leading country of origin for imports is China/HK at $466.5 million. There are 7 U.S. states whose imports into Manitoba exceed China/Hong Kong imports: Illinois ($1.3 billion), Minnesota ($942 million), Wisconsin ($674 million), Texas ($644 million), Iowa ($561 million) Ohio ($558 million), Indiana ($544 million).
External markets are critical to Manitoba's economy. Foreign merchandise and service exports are a growing percentage of provincial GDP: 20.2% in 1992 30.2% in 2006 Nine Year Trend: 1998 – 2006: Manitoba exports have increased by 34.7%, while Canada’s increase was 38.2%. 1998 – 2006: Manitoba exports to the U.S. grew 39.8%, exports to non-U.S. countries grew by 19.2% 1998 – 2006 : Manitoba exports to Pacific rim countries (led by China, South Korea and Australia) increased by 17.2% 2005 – 2006: Manitoba's foreign exports increased by 12.3% while Canada’s foreign exports increased by 0.7% There are 3 U.S. state destinations for Manitoba exports which exceed China/Hong Kong exports: Minnesota ($1,334 million), Illinois ($559 million), Michigan ($535 million).
This is a more typical North American supply chain. As noted earlier 70-80% of Canadian trade is with the US. But, increasingly offshore inputs are being sourced to incorporate into finished products. And that goes for US products being shipped to Canada as well. This can have significant ramifications for NAFTA eligibility and must be considered at the exploratory stages in addition to the usual factors of fob factory cost, foreign exchange, freight costs, and import duties. Customs regimes will be focusing on bills of material to identify foreign content, and make determinations regarding substantial transformation, regional content, or embargoed components.
This graph identifies the introduction of AMPS in 2002 at the far left, and the desired improvement CBSA is moving toward enforcing. You can consider this to be the type of graph CBSA views as to measure their progress. Note that base line established in 2002 for error rates: 31% tariff classification, 50% NAFTA declarations, 27% valuation The “compliance gap” noted is the target that CBSA is working toward closing systematically.