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Imports

  • Report suggests US is reviewing its trade deal with South Korea

    April 19, 2017

    US vice-president Mike Pence (pictured) has indicated during his visit to South Korea that the trade deal between the two countries is under review and could be reformed, according to a Reuters report. The deal, which came into effect in 2012, has had a positive impact on US vehicle exports to South Korea, with volumes …

  • Lázaro Cárdenas handles consignment of over 550 BAIC vehicles

    April 3, 2017

    The Mexican Pacific Coast port of Lázaro Cárdenas took delivery of a major consignment of over 550 imported BAIC finished vehicles at the end of March. The port handled its first-ever shipment of vehicles on behalf of the Chinese state-owned enterprise in March last year, when it imported 163 D20s that were destined for dealers …

  • WTO’s trade facilitation agreement comes into force

    March 1, 2017

    A World Trade Organization (WTO) agreement supporting simpler and clearer procedures when it comes to imports and exports of goods came into force this week after the requisite amount of member countries agreed to implement it. Spread out over 12 articles, the Trade Facilitation Agreement (TFA) prescribes many measures to improve transparency and predictability of trading …

  • EU and Mexico to accelerate trade talks

    February 1, 2017

    The European Union and Mexico have announced an intention to accelerate trade talks and are planning two additional rounds of discussion on a “reformed free trade agreement” before the northern hemisphere summer. In a joint statement on the move, EU commissioner for trade, Cecilia Malmström (pictured), and Mexico’s minister of the economy, Ildefonso Guajardo, said: “Together, we are witnessing …

  • New Russian import rules lead to cars being stopped at customs

    January 31, 2017

    Several car shipments have been blocked on their way into Russia by its Federal Customs Service because they are not equipped with the Era-Glonass accident emergency response system. According to Yuri Ladygin, head of the Customs Service’s Far East Department, amendments to Russia’s customs regulations require all cars imported into the country after January 1st …

  • For UK carmakers, ‘Global Britain’ may not be enough

    January 26, 2017

    The Society of Motor Manufacturers and Traders (SMMT), the UK automotive trade body, has welcomed the UK government’s ambitions to develop new free trade deals that could benefit the automotive industry, including with large markets like the US and China, after it leaves the European customs union. However, the group warned that such deals might …

  • Record UK vehicle exports while Brexit weighs on investment and supply chain

    January 26, 2017

    UK car production reached its highest level this century in 2016, while vehicle exports surpassed an all-time record for the second year in a row, according to UK automotive trade body, the Society of Motor Manufacturers and Traders (SMMT). However, following years of high investment in plants, new models and across the supply chain, spending …

  • It may not be popular, but collaboration is still the only smart option

    January 26, 2017

    Despite the rise in populist protectionism so clearly underlined by the UK’s recent vote to leave the EU and Donald Trump’s surprising US election win, working together remains the only sensible way forward Supply chain experts will spend 2017 dealing with the aftermath of the protectionist sentiments that helped propel the UK vote to leave …

  • Glovis America opens VDC for Kia at former GM plant

    January 23, 2017

    Hyundai Glovis-owned finished vehicle service provider, Glovis America, has invested an initial $1m in an inland vehicle distribution centre (VDC) at the former GM plant in Shreveport, Louisiana. As well as serving local Kia dealers, the new 11,600 sq.m facility will function as a distribution hub for the central and western US. The facility, which opened …

  • VW admits diesel emissions scandal spelt an end to C-TPAT status

    January 18, 2017

    Volkswagen Group of America has revealed that it was removed from the Customs-Trade Partnership Against Terrorism (C-TPAT) and Importer Self-Assessment (ISA) programmes, following the diesel emissions scandal in 2015. Companies on the C-TPAT list are considered low risk, resulting in expedited processing of their cargo, including fewer customs examinations. The programme is led by the …