The trade relationship between the United States and Peru is a dynamic and strategic partnership that continues to support economic growth and stability for both nations. This alliance was solidified with the United States–Peru Trade Promotion Agreement (PTPA), signed on April 12, 2006, and officially entering into force on February 1, 2009. Since then, the PTPA has significantly enhanced trade liberalization, removed tariffs on most … Read More
U.S.–China Trade War Heats Up: Tariffs Target Tech and Electronics
The U.S.–China trade relationship is once again in the global spotlight as tensions escalate through a new wave of tariff actions and investigations. While both countries remain locked in a retaliatory tariff cycle, recent developments indicate that the U.S. is expanding its trade enforcement strategy beyond broad-based tariffs, targeting strategic industries like semiconductors, pharmaceuticals, and critical minerals. Spotlight on Semiconductors: The Centerpiece of a New … Read More
How to Import Goods into Colombia: Your Complete Guide
Are you looking to expand your business into the Colombian market or simply interested in importing goods to Colombia? Importing into Colombia can be straightforward if you follow the correct steps and understand the essential requirements. Here’s a practical guide to help you navigate the importation process efficiently. Step-by-Step Import Process: 1. Find a Local Importer or Register as an Importer To import goods into … Read More
What Does the Renewal of the GSP Mean for Trade?
The Generalized System of Preferences (GSP) is a long-standing U.S. trade program aimed at fostering economic growth in developing countries while benefiting American businesses. By allowing duty-free imports of eligible products from designated countries, the GSP promotes economic stability abroad and provides U.S. companies with cost-effective access to essential goods. However, this program has been expired since December 31, 2020, leaving many traders in a … Read More
Biden Cracks Down on Unsafe De Minimis Shipments
In a significant move to protect American consumers, workers, and businesses, the Biden-Harris administration has announced new measures to crack down on de minimis shipments—low-value imports that often bypass traditional scrutiny. These shipments, typically valued under $800, have been increasingly exploited to flood the U.S. market with unsafe or unfairly traded goods. The new actions focus on enhancing oversight and enforcing stricter trade practices to … Read More