The National Association of Manufacturers is hosting a webinar today on new import and customs compliance rules.
Linda Kelly will open the webinar at 2 p.m. (ET), and international trade practitioners Daniel Waltz and Christopher Skinner will provide an overview of the most important legal obligations that apply to U.S. importers and key changes to customs enforcement under the Trade Facilitation and Trade Enforcement Act of 2015.
All U.S. manufacturers that source raw materials, parts or components, or finished products from outside of the United States are required to comply with customs regulations that apply to imports.
Those regulations govern virtually all aspects of import transactions, including country of origin labeling, tariff classification, valuation, duty rates and myriad trade preference programs and multilateral trade agreements, each with its own eligibility and compliance criteria.
In today’s globalized business environment, compliance with these requirements has never been more difficult and yet more critical to avoid disruptions to business and potential penalties, according to the NMMA.