Economic Outlook 2011

On January 7, 2011, in Resources, Trade Compliance News, by Nigel Fortlage

Economic Outlook 2011 from the CME

Courtesy of CME

The economic outlook from Jay Myers of CME per link below is an excellent macro of what we can likely expect in 2011.

You can read the details in the direct links below, but in summary, we are looking at

  • somewhat lower GDP growth of between 1.5% and 2%, vs 2.8% 2010
  • export production expected to grow “at least by 10%, vs 9% in 2010
  • manufacturing production and sales levels expected to rise by 5% and 7.5% in 2011 respectively

Attached is a link for both the English and French versions for the Economic Outlook 2011 by Jayson Myers.

The document is in the News section and publications section of both the French and English versions of the CME website:

English:
http://www.cme-mec.ca/?action=show&lid=JCKNC-E742G-1W6JA&cid=UTKY3-SZALG-J6JVE&comaction=show

French:
http://www.cme-mec.ca/?action=show&lid=JCKNC-E742G-1W6JAF&cid=BAYYH-N7BYA-585F8&comaction=show

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Uncertain economic times require better supply chain practices

On November 18, 2010, in Trade Compliance News, by Nigel Fortlage

Opportunities to use supply chain management to bolster overall company efficiencies are being missed in Canada because the discipline remains silo based and tactical as opposed to company wide and strategic

4741728 s 300x248 Uncertain economic times require better supply chain practicesSince I am constantly looking for articles that talk about International Trade Compliance Strategies, I was pleased when I opened the October 2010 issue of Canadian Transportation and Logistics magazine. I read with delight the story by Lou Smyrlis in which he reports on events from the 24th Annual Transportation Innovation and Cost Savings Conference.  Of interest to me was his opening report of a session lead by Mike Croza, managing partner, Supply Chain Alliance Partners, who said:

Opportunities to use supply chain management to bolster overall company efficiencies are being missed in Canada because the discipline remains silo based and tactical as opposed to company wide and strategic

How true that is, when compliance intersections are encountered because of actions that occurred between sourcing to selling, it is critical to consider an integrated trade compliance strategy in order to minimize risk and increase visibility to all stakeholders in an organization.

Lou Smyrlis goes on to share some thoughts of why this may be according to Mike Croza;

“In 2010 we still have a long way to go for supply chain management in Canada. I’m not sure why it hasn’t stuck,” Croza told
the well-attended annual gathering, held at the CNE grounds in September.

Croza believes the continuing lack of focus on improved supply chain practices is symptomatic of a corporate culture that has “rested on the laurels of having a low dollar for too long” and not yet made the adjustments necessary to be competitive in the new reality of a Canadian dollar that is at par with the US greenback. Croza criticized corporate Canada for not making the necessary investments in capital equipment, information technology and management practices to remain competitive.

You can read the full article here.

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Who’s who, introductions are in order

On November 17, 2010, in Resources, by Nigel Fortlage

we cant create a dialogue if we don’t know each other, in this post we introduce the key players behind tradecompliance.ghy.com

We can’t establish a relationship if we don’t know each other:

Nigel 300x225 Who’s who, introductions are in orderI am Nigel Fortlage, Vice President Information Technology at GHY International. I have been in this industry since 1988 and before that I worked for an importer/distributor/Manufacture as their in-house customs specialist. For the last 16 months I have had a second hat I have been wearing in partnership with our Executive VP, Reynold Martens working on understanding the social media space and how we can connect with you in a two-way conversation.  We will be specifically sharing details around the concept we have been introducing you to, an Integrated Trade Compliance Strategy. We believe by providing you good information, education and awareness that we hope to engage in a conversation that results in helping you solve problems, creating that Ah Ha moment for you, or addressing moments of truth in your international trade operations that adds value

Martin Rayner is an independent consultant with more than 27 years of diverse experience working in various operational facets of the customs brokerage and international trade logistics field. Martin has also held executive-level positions in the industry with a number of the leading trade service providers across Canada and during his career has acted in both professional advisory and advocacy capacities for companies seeking to leverage opportunities in the regulatory environment to their benefit.

Reynold4 Who’s who, introductions are in order

Reynold Martens is Executive Vice President and Corporate Secretary of GHY International, and he is the President and co-founder of the firm’s subsidiary, GHY USA, Inc. He is the Author of the white paper titled, a Case for an Integrated Trade Compliance Strategy. Reynold is also actively involved outside of GHY, he is active in various industry and community leadership roles, including directorships with the Canadian Manufactures and Exporters Association, current chair for IE Canada Manitoba Chapter and member of the National Board

rick riess Who’s who, introductions are in orderRick Riess, President & CEO, GHY International. We can not talk about our current president and 4th Generation owner of the firm without, acknowledging the background from which he comes,

GHY–over a century old and still “Young.”

Yes it’s true. Geo. H. Young & Co. Ltd. turns 110 in 2011, making the company one of the oldest and most established privately held enterprises in Canada that continues to grow and evolve as both a pioneer and innovator in the Customs brokerage industry.

In the late 1800’s, Canada was a work in progress, with only seven provinces (Alberta and Saskatchewan joined in 1905). The young nation was struggling to protect its development by means of high tariffs on goods that were manufactured—or could be—in Canada. Duty rates of 20 – 40 percent accounted for most of the government’s revenue of about $50 million, as income taxes weren’t initiated until 1917.

At the time, George Henry Young was the Chief Inspector of Customs Ports stationed in Winnipeg. In 1901, recognizing the opportunity when he saw it, he opened one of the first brokerage houses in Western Canada. This pre-dated the automobile era, and the majority of goods moved by rail. However, the winds of change were blowing, and in 1903, Wilbur and Orville Wright took their first flight, and by 1929 the first international commercial flight into Winnipeg arrived from Minneapolis. That was likely Northwest Airlines, one of the company’s longest standing international relationships. George led the company for its first 43 years until 1944, when the reins were turned over to his son George Donald Young, known as Don.

In 1950, under Don Young’s leadership, Geo. H. Young & Co. Ltd. formally incorporated, and so began an exciting era of growth in revenue and clients. News of those years is well documented in the formal corporate minute books, which include colourful details about the business of the day, the people and events, as well as the challenges and opportunities. There is reference to some of our long-term clients who have become pillars of the Manitoba business community, and indeed some of these relationships span more than eight decades and have contributed significantly to our success.

In 1968, GHY’s leadership transitioned to Charles Riess, son-in-law to Don Young. As the Prairie economy continued to expand and with it cross-border trade, so did the company, which opened an office at Emerson, Manitoba to accommodate the growing volume of truck traffic originating in the US bound for the Prairies. Charles’ son, Richard Riess, became President in 1992, and so began an unprecedented period of growth and expansion in products, services, locations, and strategic partnerships.

Today, GHY International as it is known, is recognized as a leader in the industry for its strategic focus on trade facilitation and regulatory risk management, use of innovative technologies, solid core values, and principled approach to working with clients, associates, Customs regimes of Canada and the US, supply chain partners in all modes of transportation, and yes, even competitors.

The scope of the enterprise has expanded to include locations in British Columbia (1994), Ontario (2005), a strategic partnership in Alberta (2005), a nationally licensed US subsidiary based in North Dakota (1995), and numerous strategic partnerships. It has grown to include over 100 employees serving a client base from a broad cross-section of industries, including many top 500 companies in Canada and the US.

Canada Border Services Agency (CBSA) ranks GHY Canada 13th out of 504 reporting entities; United States Customs Border Patrol (CBP) ranks GHY USA 39th out of 2523 reporting entities; GHY Canada is the largest prairie-based member of the Canadian Society of Customs Brokers (CSCB), which includes the vast majority of Brokers in Canada.

GHY has survived the calamities of two world wars, the Great Depression, dozens of economic cycles, fast-paced growth in trade and the regulatory environment, and a technology revolution, and through all those waves of change, has been an innovator, while staying true to its core values, and maintaining a relentless pursuit of creating value for our clients.

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Managing the Relationship Between Canadian and US Export Controls and Economic Sanctions

On November 2, 2010, in Resources, Strategy, by Nigel Fortlage

John presented at at the 79th Annual Canadian Association of Exporters and Importers (CAIE) conference on the topic mentioned above. It was a 3hr session he co presented with John Priecko, President and Managing Partner of Trade Compliance Solutions.

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jboscari Managing the Relationship Between Canadian and US Export Controls and Economic SanctionsWhat’s in a  Tweet?

I received a tweet from John who tweets under the name @Tradelawyer that said, “Managing the Relationship Between Canadian and US Export Controls and Economic Sanctions http://ow.ly/31qpI Presentation to CAIE 79th Annual”

John presented at at the 79th Annual Canadian Association of Exporters and Importers (CAIE) conference on the topic mentioned above. It was a 3hr session he co presented with John Priecko, President and Managing Partner of Trade Compliance Solutions.

I recommend you follow John on twitter here.

The session was listed as a Canada and US Export Controls Workshop in the CAIE conference brochure:

The experts all agree, exports will help every nation rise out of the current economic slowdown. The Canadian government is encouraging Canadian companies to export and seek new markets abroad for their goods and services. The Obama administration has set a goal of doubling US exports over the next five years. One of the ways President Obama proposes to achieve this goal is to reform US export controls to reduce the regulatory burden in a manner consistent with national security. Exports and compliance with export regulations have never been in greater focus than they are right now. Many Canadian compliance mangers believe that the products they export are not covered by export controls, which can be true if you are only looking at Canadian regulations. What if the product you are exporting is of US origin, or contains components that are of US origin? You need to become familiar with the US re-export regulations or potentially find yourself facing an unexpected compliance issue with very serious consequences. This session will deal with issues such as:

  • Today’s export control regimes and how they may affect your commercial activities
  • The basics needed to assess the state of your export control compliance
  • Effective solutions to bring a company into compliance
  • The Canadian Export Controls Handbook 2009
  • When US re-export rules apply to you
  • What the US Export Administration Regulations (EAR) are
  • The definition of “ECCN” and why you need to know what it means in relation to all US made goods you have in your inventory

While I was unable to attend the event, it was interesting to note that John attributes part of the reasons driving this to; “Canadian companies are now more concerned than ever before about whom they deal with, where their products and technology end up, and who uses their services.” In other words they understand that Trade Compliance is important. John does an excellent job in his slide deck outlining all the many export trade issues that a exporter must be concerned with in North America.

So Who is John W. Boscariol

John Boscariol is one of Canada’s leading trade attorneys and is ranked among the top 25 international trade lawyers in the world by Expert Guides to the World’s Leading Lawyers – Best of the Best and is recognized as a leader in the field of international trade law in numerous other legal directories, including Chambers Global (WTO/International Trade – Tier One) and others. He will walk you through the maze of Canadian export controls to help you better understand where your company stands. You can more information on John here.

Information Presented here with permission of John Boscariol.
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