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Most folks in the trade community have heard of the TPP aka Trans-Pacific Partnership. Most can agree this massive piece of “pending” legislation has caused significant discussion and confusion from many sectors and political positions. Why so much hype? This discussion endeavors to only highlight key points about TPP as they relate to the trade community. It is well recognized that there are clear pros and cons to most all of the components of this legislation.
The TPP involves 12 countries, including the US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.
Some key points:
We have noted “may” in each of these key points mainly because at this point it is unclear about what is going to happen with the TPP. With the election looming, it is certainly not likely to see any movement positive or negative on this until after the New Year. Even then, it is still very unclear what support there is at this time in the current format.
Being informed is the first step toward action. JAS Forwarding USA Inc. Compliance Team is committed to bring more and more relevant topics to our blogs and monthly newsletter. Contact us today and tell us what you think about the TPP and any other key topics. We are ready to help!
For December, we are highlighting Jeffrey Bispham on the West Coast! Jeff has been in the industry for 26 years and remembers using a typewriter to prepare 7512's. He has always worked in the import/customs brokerage side of logistics. Jeff was adopted as part of the JAS Family when JAS acquired Tigers back in 2021 where Jeff had long tenure.
In October 2023, the JAS Forwarding (USA) Tacoma Foreign Trade Zone became an active FTZ in the JAS USA Network. Jeff became the FTZ administrator of that site and has been instrumental in building the compliance for our FTZ site on the West Coast.
Jeff enjoys all sports, although he would tell all that he has become more of a spectator than a player as the years have passed. Jeff enjoys being outdoors. But most of all, he enjoys spending time with his family. That time can often occur at the beach, or a Seattle sporting event (Mariners, Seahawks and Kraken).
Jeff is yet another great example that People Make the Difference!
In November, JAS USA Corporate Compliance team members teamed up with JAS Atlanta Branch team members to facilitate client compliance training. From left to right, Calvin Oh (Corporate Compliance), Scott Cassell (Corporate Compliance), Carlo Rebuffi (Manager of Live Animals Division-ATL), Laurie Arnold (VP Corporate Compliance), and Rishma Patel (CHB Manager-ATL). The team was able to facilitate learning on the topic of import compliance.
OFAC (Office of Foreign Assets Control), part of the Department of Treasury, has imposed a $1.1 Million penalty on a US individual. The panlty was issued for 75 violations of OFAC Iran sanctions.
To read the full details check out the link below:
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