Discover the critical intersection between #transferpricing and #customs #valuation , and how to navigate this complex landscape for optimal compliance. Join experts Carl and Jay as they share insights on aligning your pricing strategies, minimizing risks, and maximizing efficiency across your #globaloperations . Don't miss this essential #guide to optimizing your transfer pricing and customs valuation processes. Click to learn more!

Resources:

Aprio - https://www.aprio.com/

Jay Cho - https://www.linkedin.com/in/jay-cho/

Carl Budenski - https://www.linkedin.com/in/carl-budenski/

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod

- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Contact Us/ Suggest Topics

Contact SimplyTrade@GlobalTrainingCenter.com

Credits:

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

As a licensed customs broker, are you prepared for the new continuing education requirements coming in 2025? Get the inside scoop from an industry expert on what you need to know.

In this episode, we sit down with Trudy Wilson, an accredited instructor for Global Training Center and one of the five accreditors appointed by U.S. Customs and Border Protection to help implement the new continuing education program for customs brokers. Trudy breaks down the details of this landmark change, including key dates, credit requirements, approved course formats, and tips to help brokers make the most of this new opportunity.

Main Points/Takeaways:

- Starting January 1, 2025, all licensed customs brokers will be required to complete a minimum number of continuing education credits on a triennial basis to maintain their license. - For the 2025-2027 triennial period, brokers will need to earn 20 credits. Going forward, the requirement will be 12 credits per year. - Approved continuing education activities include live webinars, online self-guided courses, conferences, port tours, and more - as long as they meet the criteria set by the accreditors. - Customs is collaborating closely with the private sector accreditors to ensure the program works for both the government and the trade community. This includes allowing a wide range of educational formats and topics. - Brokers should work with their employers to understand training budgets and strategically choose courses that not only fulfill the requirements, but also expand their knowledge and skillsets.

Resources: TruTrade Solutions Global Training Center ➡️CBP Article on Cont. Ed. Requirement

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod

- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Contact Us/ Suggest Topics

Contact SimplyTrade@GlobalTrainingCenter.com

Credits:

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

Tariq from In Systems, shares how his company is using advanced data ingestion processes and chatbot interfaces to help businesses of all sizes navigate the complexities of global trade.

Whether you're an online retailer, a small business owner, or a trade compliance professional, you won't want to miss this insightful discussion on working smarter, not harder, in today's rapidly evolving trade landscape. Tune in now and discover how you can leverage cutting-edge AI solutions to enhance your operations and stay ahead of the curve.

Main takeaways:

💻 Leveraging AI and machine learning to ingest, enrich, and analyze global trade data for compliance screening

🏢 Providing accessible, affordable trade compliance tools for small-to-medium businesses to compete with larger enterprises

🤖 Utilizing chatbot interfaces and AI-powered classification wizards to help users navigate complex trade regulations

👨‍💻 Importance of integrating human expertise and validation alongside AI-driven compliance solutions

📱 Potential for mobile integration and camera-based product identification to further streamline trade compliance workflows

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod

- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Contact Us/ Suggest Topics

Contact SimplyTrade@GlobalTrainingCenter.com

Credits:

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

In this episode of the Simply Trade podcast, we dive deep into the challenges and complexities surrounding the implementation of Canada's new customs system, CARM (the Canadian Assessment and Revenue Management system). The inability to properly process temporary imports for high-profile events like Taylor Swift's concerts highlights the urgent need for CBSA to prioritize resolving these critical system failures before they disrupt major international events and shipments. Our guest, Kim Campbell, a seasoned industry expert, shares her firsthand experiences and insights, shedding light on the issues importers, customs brokers, and the government are facing during this critical transition.

Resources: Connect with Kim: https://www.linkedin.com/in/kim-campbell-a9693b2/

IE Canada (formerly Canadian Association of Importers and Exporters):

- Website: https://iecanada.com/

- Information about their upcoming event in Ottawa where Kim Campbell will be speaking

Canada Border Services Agency (CBSA):

- Website: https://www.cbsa-asfc.gc.ca/

- Information about the CARM system and resources for importers/exporters

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod

- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Contact Us/ Suggest Topics

Contact: SimplyTrade@GlobalTrainingCenter.com

Credits:

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

In this episode, industry experts Maureen Cori and Andy dive deep into the recent TSA security directive for air cargo, exploring the challenges and opportunities for businesses to navigate these new requirements. Learn how industry collaboration and proactive engagement with trade associations can help address the complexities of the supply chain and ensure compliance. Don't miss this insightful discussion on how to stay ahead of the curve and maintain a secure and efficient supply chain.

Tune in now and discover practical strategies to keep your business thriving in the face of evolving security regulations!

Maureen Cori: https://www.linkedin.com/in/maureen-cori-8b5a41b/

TSA Air Cargo: https://www.tsa.gov/for-industry/cargo-screening-program

CBP: https://www.cbp.gov/border-security/ports-entry/cargo-security/acas

COAC: https://www.cbp.gov/trade/stakeholder-engagement/coac

IATA: https://www.iata.org/

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod

- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Contact Us/ Suggest Topics Contact SimplyTrade@GlobalTrainingCenter.com

Credits: Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

Discover the reasons behind the sharp drop in US import prices in this informative Simply Trade News Roundup. From the impact on trade dynamics to the implications for businesses, our experts dive deep into the latest trends and developments. Whether you're a trade professional or simply interested in global economic shifts, this episode is packed with valuable insights you won't want to miss.

Tune in now and stay ahead of the curve!

Connect with Simply Trade Podcast:

- Subscribe: https://www.youtube.com/channel/UCdmyGU5foKm4aFlpo7Oms4g?sub_confirmation=1

- LinkedIn: https://www.linkedin.com/showcase/simply-trade-podcast/

- Twitter: https://twitter.com/SimplyTradePod

- Website: https://globaltrainingcenter.com/simply-trade-podcast/

Contact Us/ Suggest Topics

Contact SimplyTrade@GlobalTrainingCenter.com

Credits:

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/

Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/

Co-Producer/Editor: Mara Marquez: https://www.linkedin.com/in/maramarquez85/

In the ever-evolving world of international trade and logistics, having well-documented and adaptable Standard Operating Procedures (SOPs) is crucial for maintaining efficiency, minimizing risk, and maximizing profitability. In this insightful episode, logistics experts Andy and Melzie Wilson dive deep into the importance of creating and continuously refining SOPs to streamline your supply chain operations.

Main Discussion Points: • The value of returning to the "basics" of SOPs, even in the digital age, to ensure consistency and clarity • The limitations of AI tools in developing comprehensive, tailored SOPs and the need for a hands-on, scenario-based approach • The importance of aligning expectations and communication between logistics service providers and clients • The "PPD package" (Physical, Paperwork, and Data) and the significance of mapping out each component's flow and timelines • The role of quarterly business reviews and continuous engagement to keep SOPs up-to-date and effective • The benefits of involving experts in the SOP development process to ensure thoroughness and accuracy

Key Takeaways: • Effective SOPs minimize risk and liability, allowing companies to keep more money in their bottom line • Consistent communication and collaboration between all stakeholders (logistics providers, clients, compliance, IT, etc.) are essential for successful SOP implementation • Regularly reviewing and updating SOPs, especially in response to changes in personnel, regulations, or service providers, is crucial for maintaining optimal logistics operations • Investing in expert guidance can pay dividends in the long run by ensuring your SOPs are comprehensive, adaptable, and aligned with your unique business needs

Enjoy the show!

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

Show references:

• Global Training Center - www.GlobalTrainingCenter.com

• Simply Trade Podcast - twitter.com/SimplyTradePod

• Melzie Wilson - https://www.linkedin.com/in/melzie-wilson-7691a060/

• The Global Zolutions - https://globalzolutions.com/

Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:

• Advertising and sponsoring on Simply Trade

• Requests to be on the show as guest

• Suggest any topics you would like to hear about

Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.

Welcome to the latest episode of "Simply Trade News Roundup," where we dive deep into the world of international trade and logistics. In this insightful installment, host Lalo explores critical issues affecting global commerce, from infrastructure changes in El Paso to the far-reaching impacts of natural disasters on supply chains. Join us as we unpack the latest developments in trade consulting, port operations, and cross-border logistics with special guest Joe Quinonez from EP Global Consulting.

Main Discussion Points: • El Paso Bridge Traffic Shift: An in-depth look at plans to redirect commercial traffic from the Bridge of the Americas (BOTA) in El Paso, examining potential impacts on local trade and logistics.

• Infrastructure Deep Dive: Exploration of El Paso's four-bridge system and its significance in facilitating cross-border commerce.

• Hurricane Milton's Impact: Analysis of how natural disasters like Hurricane Milton affect global supply chains and trade routes.

• Labor Issues in Ports: Discussion on ongoing port strikes and their implications for international trade.

Key Takeaways: • Stay Informed: Keep abreast of infrastructure changes in major trade hubs like El Paso to anticipate shifts in logistics patterns.

• Diversify Supply Chains: The impact of natural disasters highlights the importance of having resilient and diversified supply chain strategies.

• Embrace Continuous Learning: The mention of accreditation and continuing education underscores the importance of ongoing professional development in the fast-evolving trade industry.

• Global Perspective: Understanding the interconnectedness of global trade, from manufacturing facilities to international logistics, is crucial for success in the field.

Enjoy the show.

YouTube: https://www.youtube.com/@SimplyTradePod

Host: Annik Sobing: https://www.linkedin.com/in/annik-sobing-mba-b226251a2/

Host: Andy Shiles: https://www.linkedin.com/in/andyshiles/ Host/Producer: Lalo Solorzano: https://www.linkedin.com/in/lalosolorzano/ Co-Producer: Mara Marquez: https://www.linkedin.com/in/mara-marquez-a00a111a8/

Show References:

• Simply Trade Podcast - twitter.com/SimplyTradePod

• Jose Quiñonez - https://www.linkedin.com/in/jose-q-739a126/

• EP Global Consulting - https://www.epglobalconsulting.net/

Contact SimplyTrade@GlobalTrainingCenter.com or message @SimplyTradePod for:

Advertising and sponsoring on Simply Trade

Requests to be on the show as guest

Suggest any topics you would like to hear about

Simply Trade is not a law firm or an advisor. The topics and discussions conducted by Simply Trade hosts and guests should not be considered and is not intended to substitute legal advice. You should seek appropriate counsel for your own situation. These conversations and information are directed towards listeners in the United States for informational, educational, and entertainment purposes only and should not be In substitute for legal advice. No listener or viewer of this podcast should act or refrain from acting on the basis of information on this podcast without first seeking legal advice from counsel. Information on this podcast may not be up to date depending on the time of publishing and the time of viewership. The content of this posting is provided as is, no representations are made that the content is error free. The views expressed in or through this podcast are those are the individual speakers not those of their respective employers or Global Training Center as a whole. All liability with respect to actions taken or not taken based on the contents of this podcast are hereby expressly disclaimed.