Trade Facilitation in Eastern and Southern Africa WTO TRADE FACILITATION Symposium
Southern California Trade Gateway
description
Transcript of Southern California Trade Gateway
October 14, 2010
City of Los Angeles, Port of Los Angeles, Los Angeles World Airports
PROCON & ASIAN GLOBAL SOURCING CONFERENCE
Southern California Trade Gateway
Panel II: Global Trade, Operations & Legal
Logistics challenges & solutions in trade Mitigating risk in global business Legal and IP issues in the US & abroad
Moderator: Norman Arikawa, Port of Los Angeles Panelists:
Jim MacLellan, Director, Trade Services, Port of Los AngelesLowell Anderson, Attorney, Stetina Brunda Garred & BruckerRoger Clarke, Chair, L.A. Customs Brokers & Freight Forwarders AssociationRosia Senh, International Sales, UPS
• Exports of goods from the L.A. Customs District surpassed $86 Billion in 2009
The Time is Right to Export !
Why Export?• The U.S. Dollar has been steadily
weakening for the past few years• Asian demand for basic U.S. products
such as waste paper, metal scrap & plastic resins has been strong for years
• However, manufactured exports have been increasing strongly in the last two years
Why Export?• Demand for California agriculture
products such as cotton, citrus products, almonds, dairy products & wine has been strong
• High value exports such as computer chips, communications equipment, medical / dental equipment, aircraft & machinery parts has increased
• Computers, chips & elect. circuits• Aircraft & parts• Cotton• Vehicles & parts• Machinery parts• Medical & Dental equipment• Cellular & communication equip. parts• Polymers
TOP EXPORT COMMODITIES L.A. Customs District (2009)
Top 10 L.A. Trading Partners
1. China ($115 billion)
2. Japan ($32 billion)
3. Korea ($15 billion)
4. Taiwan ($11 billion)
5. Thailand ($8 billion)
6. Australia ($7 billion)
7. Malaysia ($7 billion)
8. Singapore ($6 billion)
9. Vietnam ($5 billion)
10. Hong Kong ($6.9 billion)
Cargo Value (2006)
Export Document FlowA. Commercial
• Commercial InvoiceB. Financial
• Letter of CreditC. Shipping
• Bill of Lading (or Air Way Bill)
Terms of Sale “ How Do I Minimize Risk ? “• What are INCOTERMS; can they reduce risk ?
• How do they relate to Terms of Sale ?
• Control & define the point where ownership of the cargo transfers to the buyer !
• Trade Insurance
• Certificate of Inspection
Ocean Carriers
• Original Bill Of Lading• Intermodal Bill of Lading• Door – to – Door Lading
Export Responsibilities