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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!
This November, we are honored to feature Tracey Suggs, Import Specialist at JAS Forwarding USA Inc., for his tireless advocacy for individuals with Down Syndrome. While October marks Down Syndrome Awareness Month, Tracey and his family advocate every day for the empowerment and inclusion of individuals who face intellectual and developmental challenges. Inspired by his daughter, Treana, who has Down Syndrome, Tracey is driven to ensure that every individual can live their fullest life. Treana's zest for life and inspiring spirit is a testament to the impact of love, perseverance, and understanding that Tracey strives to bring to his work and community. Tracey’s unwavering commitment to making a difference embodies our values at JAS, reminding us all of the importance of inclusivity and advocacy in both our professional and personal lives.
Tracey has been with JAS for 3 years and has been in the industry for over 20 years. Tracey has a passion for sports, fitness, art, community advocacy (special needs/disadvantaged youth), and spending time with family.
JAS Forwarding VP Compliance, Laurie Arnold joined forces with JAS Forwarding Global Development Director Jennifer Koon, and Regional Sales Director Lindsay Gambee to attend the International Compliance Professionals Association (ICPA) Fall Conference (Western Cowboy Theme) in Grapevine, Texas from October 20-23.
They were able to meet with numerous members of the trade community and discuss current events and network.
On November 1, 2024, BIS imposed a civil penalty of $500,000 against a semiconductor wafer manufacturing company. The U.S. subsidiary shipped approximately $17.1 million of semiconductor wafers company listed on the BIS Entity List, without the required licese/authorization.
The company voluntarily disclosed the conduct and cooperated which resulted in significant reduction in the penalty.
To read more, check out the final order below.
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