Global Trade Compliance - Regulations, Documents and Custom Values

Why Should You Attend:

Companies engaged in international trade must make an effort to know and comply with the trade policies that affect their global shipments. Failure to comply with trade regulations can result in broken supply chains due to customs delays or rejections and can limit a company’s ability to meet their global business goals. The practice of trade compliance seeks to manage the complexities of global trade regulations by identifying and acting in accordance with the trade rules that have the greatest impact on the import and export of goods and services.

This webinar will explore some of the essential elements of trade compliance. It will discuss standard shipping documents and how these are used in the customs entry process. It will look at why harmonized tariff numbers help customs identify imported goods and expedite clearance. It will also consider the importance of customs declared value and discuss the customs valuation system. Finally, it will talk about the role that other participating government agencies play in the global trade of goods and services.

This webinar will cover the following topics:

• Basic elements of trade compliance.
• Standard shipping documents
• Harmonized Commodity Description and Coding System (HS)
• Customs valuation system
• The role of participating government agencies

Learning Objectives:

• Identify key trade compliance concepts
• How to find the correct HS classification for your product
• How to assign customs value to your shipments
• How to comply with the regulatory requirements of other government agencies

Areas Covered in the Webinar:

• Customs entry process
• Shipping documents
• Harmonized system
• Duties, taxes and VAT
• Special duty programs and trade agreements
• WTO Agreement on Customs Valuation
• Rules of Origin
• The role of other government agencies

Who will benefit:

• Purchasing department personnel
• Compliance officers
• Logistics/Supply chain managers and analysts
• Trade regulatory/legislative affairs professionals
• Sales/marketing personnel
• Training personnel
• Consultants
• International business operations
• Companies engaged in international trade

Instructor Profile:

Reynaldo Roman, is a licensed U.S. Customs Broker and Certified Customs Specialist with more than eighteen years experience in Customs brokerage and U.S. trade compliance. During his career, Reynaldo has managed Customs’ brokerage teams, worked as a compliance analyst at a large international importer and completed high-level trade compliance assignments such as product line classification and Customs protest and duty refund projects. He has gained specialized knowledge in the areas of pharmaceutical and medical devices, cosmetics and food products and consumer electronics and textiles.

In his current role, as senior manager of trade compliance at Marken, a world leader in providing logistical services to the pharmaceutical, biotechnology and clinical research industries, Reynaldo supports operations and clients in ensuring that the trade regulatory requirements of Customs and other government agencies are met.

Topic Background:

Trade compliance describes the practice of abiding by of the rules which govern the import and export of goods. These rules are usually enforced by customs and other regulatory agencies in each country. Merchandise must be approved by the relevant authority in each country prior to entering or leaving a country.

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