JAS USA COMPLIANCE

News & Insights from JAS Worldwide Compliance

JAS Forwarding (USA), Inc.

6165 Barfield Road
Atlanta GA, 30328
United States
Tel: +1 (770)688-1206
Fax: +1 (770)688-1229

Trade Policy Under Trump?

November 28, 2016

With the election hype mostly over, the President-Elect is moving to build his cabinet.  This recent election cycle showed the world that there are great disagreements about how the United States should engage in international trade.  President Elect Trump’s message often conveyed a more protectionist position for businesses engaged in international trade.  But what is the real expected position and where will the new leadership lead the United States with regards to trade?

The bottom line right now is that there is very little concrete confirmed vision regarding trade policy.  We do know that there will be very little change within Congress  since existing members of key committees will likely continue to support expanded trade.  Here are a few points on key programs and what we know, or don’t know:

  • TPP (Trans Pacific Partnership)- Most likely, this will be at the very least put on the back burner and possibly abandoned.
  • T-TIP (Transatlantic Trade and Investment Partnership)- No definite direction has been defined on this program.
  • NAFTA (North American Free Trade Agreement)- This is a significant program to watch.   The authority to leave NAFTA exists of course but more than likely  NAFTA will be modified, however the extent of the modifications are not known at this time.
  • GSP (Generalized System of Preferences)- Per GSP provisions, it seems that more items are being excluded from duty free treatment.  This because some key commodities from GSP countries have exceeded the competitive need limitations.  This will no doubt be a discussion point inside the administration as GSP renewal battles are fought in the next term.  GSP must be renewed by the end of 2017 and will probably go down to the wire for renewal.

The new administration is signaling the intention to pursue more bi-lateral agreements instead of multi-lateral as in the past.

JAS USA Inc. Compliance Team continues to be involved locally and nationally.  We are keeping our eye on the landscape and always working to ensure we are able to inform and assist to take action and protect our client’s trade interests through informed compliance.  Questions?  Contact us today!

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Tracey Suggs

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.

ICPA

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.

BIS Penalty

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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