December 16, 2016
North American Free Trade Agreement Certificates of Origin 2017 Renewals
Please be reminded that any 2016 blanket period NAFTA Certificates on file will expire at the end of the year. Please forward via email any 2017 NAFTA Certificates of Origin to firstname.lastname@example.org or your Trans American Personal Account Manager. To make a claim for NAFTA duty free preference, the Importer must possess a Certificate of Origin at the time the claim is made. To certify that the goods qualify for the preferential tariff treatment under NAFTA, the exporter must complete a Certificate of Origin. A NAFTA Certificate with claim is subject to NAFTA verification by Customs.
Reminder – U.S. Food & Drug Administration Biennial Renewal Period
Under the Food Safety Modernization Act (FSMA), all food facilities that are required to register with the Food & Drug Administration (FDA) need to submit a biennial renewal registration. FSMA requires facilities to re-register every 2 years during the period October 1 and ending December 31 in even numbered years. The renewal period opened on October 1, 2016 and must be completed by December 31, 2016 for the registration to remain in good standing. The owner, operator, or agent in charge of the facility, or a person authorized by one of them, can submit a facility’s registration renewal electronically at: http://www.access.fda.gov/
Contract Rates 2017 Forecast
Logistics managers should be prepared to see an increase in ocean contract rates for both Asia-Europe and trans-Pacific lanes in 2017. This would be the first increase in contract rates since 2010. Historically low 2016 contract rates triggered a year of mergers and acquisitions and contributed to the Hanjin bankruptcy. Many importers are not surprised to hear about the expected increase and hope it will promote stability among carriers. Importers and exporters need to be mindful this year of the challenges facing the industry including how alliances may alter service offerings. Additional details are available at: http://www.joc.com/maritime-news/trade-lanes/contract-rates-rise-2017-first-time-2010_20161215.html
NY-NJ Terminal Appointments
GCT Bayonne terminal is testing an appointment system for container pickups and deliveries. When GCT does go live with the system they plan to implement appointments only from 6 a.m. to 8 a.m. Creation of a port-wide appointment system has been in development for the past three years and officials are hoping the system will ultimately reduce turnaround times and increase overall port efficiency. Additional details are available at: http://www.joc.com/port-news/us-ports/port-new-york-and-new-jersey/ny-nj-terminal-test-truck-appointments_20161209.html
Trans-Pacific Partnership (TPP) Expected to be Rejected with Incoming Trump Administration
A top Republican lawmaker and a trade analyst are pushing for bilateral trade agreements with Japan and Taiwan with the expected rejection of the TPP by the Trump administration. In a December 6 House hearing, House Chairman Matt Salmon, R-Arizona, said bilateral negotiations with Japan and Taiwan might bring a core group of modern economies to the table in a more feasible framework than the TPP.
December 16, 2016
Canada-European Union Comprehensive Economic and Trade Agreement (CETA) Update
Canada and the European Union had signed CETA this past October. CETA though must be approved by the European Parliament, and a vote is expected this February. The European employment committee in a vote of 27-24 passed a motion saying that CETA should be rejected by the Parliament as it will destroy jobs in Europe. Reuters Canada article: http://ca.reuters.com/article/domesticNews/idCAKBN13X1MY