Mexico and Canada emphasized how the COVID-19 pandemic has proven the need for interlinked supply chains, but U.S. Trade Representative Katherine Tai emphasized supply chains' downside as she, Mexico's economy minister and Canada's trade minister sat down to the first Free Trade Commission meeting of the USMCA. Tai said, "Not only have we discovered the fragility of our supply chains, but we have just begun to appreciate the degree to which they run counter to our collective goals of ensuring that workers within North America, and outside it, are paid a fair wage, in a safe workplace."
Drawback
A duty drawback is a refund by CBP of the duties, taxes, or fees paid on imported goods, which were imposed upon importation. More broadly, a drawback also includes the refund or remission of other excise taxes pursuant to other provisions of law. CBP's duty drawback scheme under the Customs Act of 1962 allows exporters to receive a refund on customs duties they paid on imported products that are then used or incorporated into other products for export or remain unused until importation.
International Trade Today is providing readers with the top stories from May 3-7 in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
CBP will be moving drawback operations from within dedicated drawback centers and into the Centers of Excellence and Expertise, said Sharolyn McCann, director, Commercial Operations, Revenue and Entry, Office of Trade. McCann, who recently replaced Randy Mitchell in that role, spoke May 4 during the National Customs Brokers & Forwarders Association of America conference. "We are hoping to have this transition completed by the end of the fiscal year, the end of September," she said.
Akin Gump added Cindy Owens, previously with Covington & Burling, as a counsel in its international trade practice, the firm said in a news release. Owens “represents multinational clients on customs matters, including classification, valuation, country of origin, drawback, transfer pricing, foreign trade zones, bonded warehouses, free trade agreements and general entry process requirements,” it said.
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
CBP issued the following releases on commercial trade and related matters:
Across dozens of pages of written answers to Senate Finance Committee members, U.S. trade representative nominee Katherine Tai often avoided directly answering questions, instead pledging to work with senators on their priorities. One of the most common questions posed to Tai was whether she would renew Section 301 exclusions that expired last year; as well, whether she would allow companies that were denied exclusions another chance at a request; and whether she would reopen the exclusion process.
CBP issued the following releases on commercial trade and related matters: