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It’s that time of year again. Fall is almost upon us! Fall officially starts September 22nd on the Autumnal Equinox. After months of record-breaking heat, we can finally start to wear long sleeves again, sip some warm coffee, relax, and watch the leaves change. Have you ever wondered why the leaves change? Many think it has to do with the cooling weather, but this is not the case. The beautiful red, yellow, and orange coloring we see in leaves are the result of the tree receiving less sunlight! Every leaf has a chemical inside called chlorophyll, which allows the leaf to absorb sunlight and gives them their signature green color. As the days get shorter, chemical changes take place that causes the base of the leaf to form a corklike wall where it meets the tree branch. This wall seals off the leaf from the rest of the tree, cutting off the supply of nutrients going to the leaves from the tree. The lack of nutrients and less daylight cause the chlorophyll to break down. The green color from the chlorophyll fades, and the other pigments within the leaf begin to make an appearance. Whether the leaf turns red, yellow, orange, or tan all depends on the other chemicals and pigments within the leaf.
Be sure to share these facts with your friends and family, and have a wonderful Autumn!
Recently, Laurie Arnold, JAS VP Compliance and the Treasurer for NCBFAA, attended the 8th annual NEI Global Trade Educational Conference (GTEC). The event took place at the historic InterContinential Chicago Magnificent Mile hotel, hosted by the NCBFAA Educational Institute (NEI). Laurie attended presentations on many different subjects, including forced labor, 301 tariffs, CBP updates, binding rulings, and trade remedies. The event had many networking opportunities to connect with other members in the industry. The NEI offers multiple learning and educational opportunities. If you would like to learn more about these types of events, you can subscribe to NEI news and updates from the NCBFAA site.
CBP has announced new requirements related to forced labor for the CTPAT program that will affect all current and future participants in the program. Six requirements have been changed from “should” to “must” within the minimum security criteria requirements to be a CTPAT partner: Risk-based mapping, due diligence and training, evidence of implementation, code of conduct, remediation, and shared best practices. CTPAT members must meet these new requirements to be accepted as a partner, and current CTPAT partners will have until August 1st 2023 to implement the new rules. Trade and Compliance experts have raised concerns that implementation of these new rules may result in higher costs for participating members.
Trade highlights from CBP’s recent updates for Fiscal Year 2022 going through June 30th:
On August 25th, some Consolidated Omnibus Budget Reconciliation Act (COBRA) customs user fees and limitations were adjusted. The following changes will be applied to imports starting October 1st, 2022:
CBP recently updated the ACE portal system on how CBP Forms 28, 29, and 4647 are provided to importers. ACE Forms Modernization Application, which is designed to send these forms to the importer via the ACE portal. CBP is working to ensure that importers without ACE portal accounts will still receive these forms via email to the customs broker.
If you would like to receive these via your ACE portal:
• Both the importer account and the broker account have enabled the “Portal” setting in the “Mode of Communication” portlet.
• The importer has added all Importer of Record numbers to their top account record in the ACE Portal.