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International Trade. Vocabulary Duties Quotas Tariffs Trade Barriers Dumping Anti-Dumping Countervailing Duties Most Favored Nation Trade Dress Law INCOTERMS.

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Presentation on theme: "International Trade. Vocabulary Duties Quotas Tariffs Trade Barriers Dumping Anti-Dumping Countervailing Duties Most Favored Nation Trade Dress Law INCOTERMS."— Presentation transcript:

1 International Trade

2 Vocabulary Duties Quotas Tariffs Trade Barriers Dumping Anti-Dumping Countervailing Duties Most Favored Nation Trade Dress Law INCOTERMS

3 Online Dictionary of Trade Terms

4 Research Guides

5 Hypothetical – You Represent a U.S. Company Who Wants to Export Wooden Bedroom Furniture to Germany

6 Introductory Guides (US Perspective)

7 STAT USA – GLOBUS & NTDB German Furniture Market Industry Sector Analysis Reports by Country > Germany > Furniture

8 Export.gov Trade Data > 10 digit >

9 International Addresses and Salutations

10 Business Culture Guides

11 Doing Business in _______

12 Country Commercial Guides

13 Significant U.S.Trade Laws Tariff Act of 1930 (Smoot-Hawley Tariff Act)

14 Material on AD/CVD Federal Procedure: Lawyer’s Edition – OCU Reference Westlaw (FEDPROC) 37:644 An anti-dumping countervailing duty handbook, guidelines for hearings, timetables for investigations and administrative orders issues in AD/CVD cases is accessible from the website.

15 Significant U.S.Trade Laws Tariff Act of 1930 (Smoot-Hawley Tariff Act) Trade Act of Acts Omnibus Trade and Competitiveness Act of 1988 Continued Dumping and Subsidy Offset Act of 2000 (Byrd Amendment )

16 Important Governmental Organs Congress Executive –Department of Commerce International Trade Administration

17 Export.gov

18 Determining Tariffs and Taxes

19 Browse the HTS (Schedule B)

20 Wooden furniture of a kind used in the bedroom

21 Step 2: Determine Country Tariff Info and Tax Info Notice that Germany also uses the HTS so furniture is easily found under chapter 94.

22 EU Import Duties ? Taxes?

23 No duties but a 16% VAT

24 Importing into the US

25

26 Important Governmental Organs Congress Executive –Department of Commerce International Trade Administration –Treasury > Customs (freight forwarder) –International Trade Commission –United States Trade Representative

27 US Customs - CROSS Database of customs rulings

28 International Trade Commission

29 US Trade Representative Lists trade agreements the US is a party to. Dispute Settlement section give summary of pending actions. Publishes: Trade Policy Agenda and Annual Report of the President of the United States.

30 What if there is a dispute? Arbitration Administrative Agencies –Customs –International Trade Commission Federal Procedure 37:644 Court of International Trade Court of Appeals for the Federal Circuit

31 Research Strategy – US Trade Law ID Relevant Statutes (use annotations) ID Relevant Agencies –Use Agency Website –Federal Procedure Lawyer’s Edition Be aware of US’s International Obligations –USTR’s Report (http://www.ustr.gov/)http://www.ustr.gov/ Case Law (admin agencies & specialized cts.) Secondary Sources (Restatement) Current Events

32 Documentary Sales Transaction Image from International Business Transactions In a Nutshell, pp. 128.

33 CISG - Contracting States

34 Interpreting the CISG – Article 7(1) 7(1) In the interpretation of this convention, regard is to be had to its international character and to the need to promote uniformity in its application and the observance of good faith in international trade.

35 Suggested Methodology for Interpreting the CISG Text of the CISG Travaux Comparative Law to see the meaning of a term in the Contracting States Do not use normal means of interpreting international treaties Schlechtreim Treatise pp

36 7(2) Questions concerning matters governed by this Convention which are not expressly settled in it are to be settled in conformity with the general principles on which it is based or, in the absence of such principles, in conformity with the law applicable by virtue of the rules of private international law. Interpreting the CISG – Article 7(2) Gap Filling

37 7(2) Gap Filling General Principles –As defined by Kritzer (pp ) –UNIDROIT’s Uniform Law on the International Sale of Goods –UNIDROIT’s Principles of International Commercial Contracts

38 7(2) Gap Filling Rules of Private International Law?

39 CISG Research Strategy Kritzer, Guide to Practical Application of the CISG. Schlechtriem, Commentary on the UN Convention Travaux Cases – Pace and CLOUT Databases

40 Pace’s CISG Database

41 UNIDROIT

42 UNICTRAL

43 INCOTERMS

44 2) Bill of Lading Federal Bill of Lading Act, 49 U.S.C.A. § (governs transferability) Harter Act, 46 U.S.C.A. § (governs form and content) Carriage of Goods by Sea Act, 46 U.S.C.A. § (governs form and content)

45 3) Letter of Credit Governed by: -UCC Article 5 -International Chamber Commerce’s Uniform Customs and Practices for Documentary Credits (UCP)

46 Other Shipping Documents Certificate of Origin Commercial Invoice Policy of Marine Insurance Certificate of Inspection Import License Certificate of Origin OUR FREIGHT BROKER WILL TAKE CARE OF ALL OF THIS!

47 WTO

48 NAFTA

49 The End

50 Images of shipping documents #Documentationhttp://www.unzco.com/basicguide/c10.html #Documentation

51 EAR Part 774

52 Will we need an export license ?

53

54 General Economic Data CIA World Factbook


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