Move over, death and taxes. There’s something else to add to the list of life’s certainties: customs and compliance regulations are never going to get less complicated.
As the global marketplace expands and smaller countries start to flex their economic muscle, the rules that keep goods moving across borders are only going to get more complex. In many ways, that seems impossible. There are already hundreds of countries with their own customs and compliance rules, scores of international trade agreements, and a host of new pacts that will soon be coming online, such as the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership.
But as emerging economies continue to develop, they add their own rules and regulations into the confusing customs stew. To do business in those countries, you’ll need to stay up-to-date on what they will and won’t allow.
So what’s a global enterprise to do?
The first step is adopting technology like a customs management solution to automate your import/export processes. Once considered a luxury, customs agencies and government regulations like the United States’ Automated Commercial Environment are making online connectivity a necessity by requiring importers and exporters to submit their documentation and forms electronically.
While the move to a digital-only information exchange hasn’t been painless, the end result will be faster, more accurate transmission of data – which will benefit government and businesses alike. Think of the underpinning technology as the grease that keeps the gears of global free trade turning as more nations start to require electronic customs declarations.
If you’re wondering what else to look for in a customs management solution, have no fear. A new Kewill white paper, “Customs Handling in the 21st Century,” provides a roadmap for customs software of the [near] future.
“A future-oriented customs management suite should have features that go far beyond the mere customs declaration,” the white paper says. “Besides the actual features, the system architecture itself is crucial, and the software should be integrated, automated and flexibly to truly ease the user’s workload and reduce errors.”
Download Kewill’s white paper “Customs Handling in the 21st Century” to learn more about how technology is transforming global trade – now and into the future.
- Learn more about Kewill’s customs and compliance solutions.
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