The United States International Trade Commission has updated the Harmonized Tariff Schedule of the United States. This revised edition of the 2016 Harmonized Tariff Schedule takes effect July 1, 2016.
It is a good business practice to review your codes at least once per year to make sure you are in compliance. For help with your codes contact firstname.lastname@example.org
The World Bank has posted their Logistics Performance Index for 2016. The index benchmarks 6 areas of performance and gives nations a score from 1-5 for each area. The benchmarks are 1) Efficiency of customs clearance process, 2) Quality of trade related infrastructure, 3) Ease of arranging competitive pricing for shipments, 4) Competence and quality of logistics services, 5) Ability to track and trace shipments, and 6) Timeliness of shipments in reaching destination within scheduled time of arrival.
For 2016 the US ranks 10th overall with an average score of 3.99 for the 6 benchmarks. The highest US score is 4.25 for timeliness, and the lowest is 3.65 for ease of arranging international shipments. This may be due to the wide variety of services available to US traders which can make comparisons more complex.