Modernization of Cross Border Trade event returns to Laredo
Cross-border summit to talk international trade, cargo visibility and B-1 visa drivers 2 minutes read The Modernization of Cross Border Trade event will be Thursday in Laredo, Texas. The event is sponsored by Borderless Coverage powered by Reliance Partners. (Photo: Jim Allen/FreightWaves)
After going virtual last year because of the coronavirus pandemic, the Modernization of Cross Border Trade annual conference returns Thursday as an in-person event in Laredo, Texas.
Borderless Coverage powered by Reliance Partners and the Laredo Motor Carriers Association are hosting the fourth-annual event, which aims to highlight U.S.-Mexico trade while having a “fun” gathering, according to Mark Vickers, executive vice president of logistics at Reliance Partners.
Share:
Many freelancers and micro, small, and medium enterprises (MSMEs) have been finding ways to keep their portfolios strong in the wake of the COVID-19 pandemic. But some businesses that have long driven growth in many economies may struggle to keep their businesses afloat in an increasingly digital-first culture.
PayPal Holding Inc (NASDAQ: PYPL) s recent Cross Border Trade (CBT) Report 2021 indicates that cross-border trade is a multibillion-dollar opportunity that may enable much-needed growth for MSMEs and freelancers.The study comes as increased global connectivity continues to contribute to borderless economies in response to the pandemic s effect on brick-and-mortar businesses.
Thailand’s
Bangkok (VNA) -
Thailand’s cross-border trade rose by 26.7 percent in the first four
months of this year, raising its
government s confidence that such trade will grow by 3-6 percent in 2021 after
declining 1.7 percent last year.
Commerce Minister Jurin Laksanawisit revealed on June 1
that the country s overall cross-border trade, including transit trade, totaled
526 billion baht (16.86 billion USD) between Jan-April, 295 billion baht of
which belonged to border trade, up by 17 percent year-on-year, and 231 billion
baht from transit trade, a rise of 41.9 percent.
For border trade, Malaysia remained the biggest
partner of Thailand by value. Two-way trade between Thailand and Malaysia hit
SPE16080 - General relief conditions: calculation of Customs debt
Goods subject to Authorised Use should have the debt calculated without including any other Union values or goods. For example:
brake linings of Commodity Code 8708 3110 are imported at a reduced duty rate. When they are mounted onto the drive axles but not yet built onto the vehicles, a Customs debt is incurred. The debt is only incurred in respect of the brake linings and not the axles
petroleum oil is imported for a specific process. Before undergoing that process, it is purified for easier handling. The purification increases the value of the oil by 10%. Before the purified oil is processed, a Customs debt is incurred. The value added to the oil by the purification process is not taken into consideration when calculating the debt