At the beginning of each year, Livingston likes to take a look ahead at the trends and issues that could potentially affect importers and exporters in the coming months. 2014 looks to be another interesting year, with many ongoing modernization initiatives, trade programs and international agreements being further defined and/or coming into effect.
Compliance and trade security
Balancing growth, compliance and security continues to be a challenge for companies involved in international trade. Global sourcing and emerging markets are ideal for companies looking to grow, but managing new regulations and requirements, and finding new – and secure – supply chain partners internationally requires time, effort and due diligence.
International trade agreements on the way
New international trade agreements between Canada and the EU, and the U.S. and the EU, may potentially open up new opportunities and help importers and exporters realize cost savings. But these agreements are in the early stages and their impact remains to be seen.
Hot news topics for importers and exporters
Additional items we’re keeping an eye on this year include the following:
- The Beyond the Border action plan
- Increasing regulations and controls
- Ongoing customs modernization efforts
Download “Looking ahead: Customs and trade trends in 2014” and learn how these stories will impact international trade – and your supply chain.
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