Tax & Accounting Blog

Adding Compliance in Foreign Trade

Adding Compliance in Foreign Trade

Currently developed and emerging countries have specific laws for the treatment of corporate criminal liability, which require companies to establish a credible program to prevent, detect and correct crimes such as bribery, influence peddling, incompatible negotiations, illicit enrichment and the presentation of false reports. Regardless of these legal requirements, compliance is an activity that has … Read More

Japan-EU Economic Partnership Agreement is Coming Soon – Understanding its Substantial Benefits

Japan-EU Economic Partnership Agreement is Coming Soon – Understanding its Substantial Benefits

The Japan-EU EPA was finalized at a Japan-EU Summit on December 8, 2017, after almost five years of negotiations.  When including the scoping exercise as part of the process for this agreement, then in its entirety the agreement has been under discussion for almost seven years. EU and Japan leaders expect to sign the agreement … Read More

Shouldn’t Governments be Doing more to Fulfill the Promise of the TFA Article 1?

Shouldn’t Governments be Doing more to Fulfill the Promise of the TFA Article 1?

Article 1 of the Trade Facilitation Agreement (TFA) requires that each World Trade Organization member promptly publish tariff and regulatory trade information in a “non-discriminatory and easily accessible manner.” While many member countries do, in fact, fulfill the letter of Article 1, few have realized its broader aim, which is to simplify the procedures associated … Read More

The Rules of Origin Utilization Rates Under the Preferential Duty Scheme

The Rules of Origin Utilization Rates Under the Preferential Duty Scheme

It is unquestionable that an in-depth examination and better understanding about preference utilization can provide useful insights about not only best practices in terms of Preferential Trade Arrangements, but also about its limitations. This article will focus on the limitations, as there are still many companies which operate in the international environment that don’t use … Read More