Edition 1: August 2015   
Go GlobalWorld Trade Center Miami
TRADE ALERT
Air & Sea Cargo Americas
Message from Chairman

Lenny FeldmanLenny Feldman
Chairman
World Trade Center Miami

Importers & Exporters Must Act Now to Take Advantage of Pending Multinational Trade Deals & Renewed Duty Breaks

Earlier this month, President Obama signed into law legislation that would reinstate trade promotion authority and reauthorize three trade preference programs for developed countries. The laws will have an unprecedented financial impact for international traders that take the appropriate steps to enjoy these benefits.

TPA. Now that trade promotion authority (TPA) also known as fast track negotiating authority is back in place, negotiated trade agreements may move forward for a quick up-or-down vote in Congress within strict timeframes. TPA will apply to the Trans-Pacific Partnership (TPP), the Transatlantic Trade and Investment Partnership (TTIP), and agreements with World Trade Organization members to liberalize trade in information technology products, services and environmental goods. This renewed authority means that global traders will be poised to enjoy the unprecedented trade benefits through the TPP (11 countries, 490 million population and $12,500 billion GDP exclusive of the U.S.) and the TTIP (28 countries, 503 million population, $18,400 billion GDP exclusive of the U.S.). At this time traders must consider whether it is feasible to begin sourcing from the countries or groups of countries subject to these accords consistent with the negotiated rules of origin.

AGOA. The African Growth and Opportunity Act has been extended for ten years, through Sept. 30, 2025 ensuring trade opportunities will remain with our African trading partners. The new law simplifies the AGOA rules of origin, provides more flexibility and improves transparency. While the rules provide great opportunities to qualify for these duty free benefits, for instance by using third-country fabric for apparel, importers must consider whether their particular manufacturing processes will qualify and if not what changes can be made to their supply chain.

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Exhibit Now!
Air & Sea/Cargo Americas Show 75% Sold

The 2015 Air & SeaCargo Americas Show and Conference will be held from November 4–6 at the Miami Airport & Convention Center. Over 200 exhibitors will be displaying their products and services. Read more...

World Trade Center Appoints New VP

Ivan BarriosIvan Barrios most recently worked as Vice President of Enterprise Florida. He managed a team of trade specialists that assisted Florida companies to export their products and services overseas and organized 26 Governor led trade missions to 18 countries. Prior to his work with Enterprise Florida, Ivan worked for the World Trade Center Miami from 1989-1999. During that time, Ivan was the Vice President of the World Trade Center Miami where he was involved with managing activities of the Florida International Bankers Association and the Florida Trade Data Center. In addition, he was involved in the Air Cargo Americas Show and the Americas Food & Beverage Show.

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