Many companies find that they are subject to significant negative financial impacts due to unforeseen anti-dumping duties (ADD) and/or countervailing duties (CVD). Any company that imports into the United States may be subject to these punitive, additional duties collected on imported goods. Potentially injured domestic (US) parties may seek relief from the Government for the foreign exporters, who may sell their products into the US market at either below their costs of manufacturing and/or aiding by foreign government subsidies.
While imports are often managed by a central trade compliance function, the requirements underpinning the accuracy and completeness of all customs declarations touch almost every functional tangent. It's often only under the threat of government audit that management and these other functional areas take note of the seriousness and complexity of customs matters.
Objectives of the Presentation
Why Should you Attend
- Who can initiate an ADD or CVD action?
- Why should you care?
- What cost profile can ADD and/or CVD have on your cost structure?
- Understand best global sourcing practices including ADD/CVD
The subject of Anti-dumping and countervailing can be a very intimidating topic for most businesses that import into the United States. However, importers with a better understanding of what these duties are and how they can affect them, are able to better protect themselves from getting caught off guard.
To protect your company, and your position, you must be sure that you know what ADD/CVD are, and how to implement a best-in-class procedure to assure compliance and data-capture of applicable anti-dumping and/or countervailing duties. As most companies seek to have solid financial forecasting, being unaware of the ADD/CVD landscape can cause significant supply chain and financial disruption.
Attend the session to know the best practices for managing long-term financial exposure due to ADD/CVD issues.
Who will Benefit
- Understand what anti-dumping and countervailing duties are and how they differ
- Learn where you can find a comprehensive list of imported goods that could be subject to ADD/CVD
- Recognize US import transactions made under any ADD/CVD
- Learn how to implement an internal control program around ADD/CVD
- Learn the best-practices for managing long-term financial exposure due to ADD/CVD issues
- Import compliance
- Supply chain
- Internal audit
- Strategic sourcing
- Risk management
Anti-dumping and Countervailing duties (ADD and CVD) affect many industries where there is a potentially injured domestic party. Most salient industries include, but are not limited to, bearings, aluminium, seafood, various other agriculture products, PET film, and many others. If you think your industry might be affected, please join this session to learn more.
Anti-dumping and Countervailing duties (ADCVD) can be a confusing part of the importing process especially if you haven't had to deal with them in the past. Government agencies implement Anti-Dumping and Countervailing duties to stop exporting countries from selling products in the U.S. at a rate that is less than fair value. These duties have been a part of the U.S. importing industry since 1930 and have helped domestically-produced products stay competitive with imported commodities in the United States market.