The aim of our Chamber is to promote Import and Exports with special attention given to President Obama’s Executive Order 13534 which created the National Export Initiative (NEI). The President’s goal of doubling exports by the end of 2014 is on track, with exports increasing almost 16% last year to $2.1 trillion. Although the bar seemed high at the outset, the focused efforts of the Obama Administration through the National Export Council – which includes the U.S. Departments of State, Commerce, Labor, Energy, Agriculture, Treasury, the Small Business Administration, the U.S. Trade Representative, the Export-Import Bank of the U.S., the Overseas Private Investment Corporation, the U.S. Trade and Development Agency, as well as congressional and business leaders – is delivering. At the Export-Import Bank last year, for example, financing authorizations for exports grew 34% to $32 billion, with 85% of transactions to small and medium sized enterprises.
This Chamber will provide all the tools necessary by directing them to the right resources. Assisting in locating government and state sponsored incentive programs that suits the individual business needs to achieve goals.
In the International Trade, classification of your commodity is of utmost importance since these codes more popularly known as Harmonized codes determines the Customs Duty and Tariffs in various parts of the world. This also give an accurate description of the product exported/Imported into the USA to be tracked by the Census Bureau, for more detail and how to obtain your harmonized schedule B code visit the Census Bureau webpage.
The latest version of Incoterms®, Incoterms® 2010, was launched in September 2010 and became effective January 1, 2011. Incoterms® are a set of rules which define the responsibilities of sellers and buyers for the delivery of goods under sales contracts. They are published by the International Chamber of Commerce (ICC) and are widely used in commercial transactions. If you are interested in more details on Incoterms and its usage, go to the US government sponsored page by clicking on this link Export.gov
Watch the Video here presented by ICC on the subject: Introduction to Incoterms® 2010