
James A. Dorn
Customs is about to get new responsibilities in the antidumping and countervailing duty (“AD/CVD”) areas that will require the agency to undertake evasion investigations. This could lead to substantial additional liabilities for importers. However, companies that recognize the threat to their bottom line, and act to remove it, will be at a competitive advantage when Customs gains this responsibility.
Too many U.S. policymakers, from Capitol Hill to the various executive branch agencies in Washington, tend to focus on foreign policies and foreign barriers when considering how best to improve the competitive prospects for U.S. firms. The presumption is that the major impediments to the success of U.S. firms are foreign born. Closed foreign markets, complex laws and regulations, overt flaunting of the trade rules, subtle protectionism, and unfair trade are the primary culprits that subvert the success of U.S. firms, discourage investment and hiring, and encourage offshoring of production.
This month, the World Trade Center São Paulo hosted the 42nd World Trade Center Association General Assembly, and what a fitting location. Over the last decade, Brazil's impressive resources, sophisticated corporations and sound macroeconomic policies have led to some remarkable achievements.
The integration of national markets through international trade and investment, known as economic globalization, has had an enormous beneficial impact on the world. Based on capitalism and powered by advances in telecommunications, transportation and finance, globalization has boosted competitiveness, productivity, innovation, and standards of living. Plus, it has enabled companies and individuals to establish relationships anywhere in the world. But that's not all.
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