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Office
of Textiles and Apparel (OTEXA) Web site also provides
updated information on applying for safeguard actions in response
to unfair Chinese imports.
For the U.S. industry advocate's news and opinion, go to the
American Textiles Manufacturers
Institute Web site.
Tighter security bars theft
Before there was C-TPAT, there was TAPA – Technology
Assets Protection Association – a group formed
in 1997 to help reduce supply-chain losses. Many credit the
private-sector TAPA with helping the Customs-Trade Partnership
Against Terrorism holding its recommended security measures
to strict cost-benefit standards. The Journal of Commerce
reviews the impact of TAPA security standards in "A widening
anti-theft umbrella."
Country of origin marking
Learn U.S. statutory and regulatory requirements
at a February 11 conference sponsored by international trade
association NEXCO. Speaker Robert Leo is a partner in Meeks
& Sheppard, a Customs and International Trade law firm
based in New York City.
Click here for registration information.
Customs Security Measures:
Facilitating Trade Flows and Anti-Terrorism Efforts
Suzanne Richer will present new 24-hour manifest rules for
imports and exports at NEXCO's seminar on January 29. She'll
review trade security programs including: C-TPAT, Operation
Shield America, Container Security Initiatives and more. Suzanne
is President of Customs and Trade Solutions Inc. based in
Princeton, NJ. Register to attend this seminar at www.nexco.org
Central America –
and Guatemala – in depth
PIERS new Guatemala database is the latest addition to PIERS
Latin American market intelligence. To learn more about PIERS
complete coverage of waterborne import-export trade between
Guatemala and the U.S., log on to www.piers.com/piersproducts/,
or call +1 800 952 3839, ext. 7128.
PIERS Trade Horizons offers current analysis of CAFTA and
other trends that will affect U.S. trade with Central America.
The Winter 2004 issue is available now. Log on to www.piers.com/piersproducts/,
or call +1 800 952 3839, ext. 7128.
Visit PIERS at INFORMEX
in Las Vegas
Global buyers and sellers of custom chemical products
and services will come together to explore business
opportunities at INFORMEX 2004. You can learn more about how
PIERS can help you find new trade opportunities in this sector
when you visit PIERS at Booth # 2454 January 19-22.
Click here for more information.
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About
PIERS
PIERS – the Port Import Export Reporting Service –
was launched by The Journal of Commerce as its first
venture in electronic information over 30 years ago. Based
on U.S. Customs import-export documents, and backed by reporters
at every port, the PIERS database is the most timely, accurate,
and comprehensive source of import and export information
on the cargoes moving through ports in the U.S., Mexico, Latin
America, and Asia.
To learn more about PIERS, visit http://www.piers.com/
Contact PIERS
Lisa Wallerstein,
Marketing Director
tel: +1 973 848 7026
email: info@piers.com |
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PIERS helped a regional bank discover that one
current customer’s business had a global
dimension ... and a need for trade financing
that was being met by a competitor.
One year – and some highly targeted marketing
– later, that same customer is the bank’s
top growing revenue generator.
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"The bank ran its customer list
against the PIERS list of import-export companies in one
of the states it serves," says PIERS representative
Joe Davis. "For a small dollar outlay,
the bank identified untapped demand for its more lucrative
trade financing products within its existing customer
base."
In contrast to interest-based commercial lending, Davis
explains, such trade finance services as import-export
letters of credit and remittances are fee-based and typically
incur minimal charges for capital ... and so yield better
return for banks. "In just one year, from
just one customer, the bank has realized a 50-fold return
on its initial investment."
Davis adds that PIERS data also helps bankers close deals
quickly because they’re able to qualify customers
based on the volume and value of their commercial activity.
To learn more about PIERS specialized trade finance database,
log on to www.piers.com/piersproducts,
or call +1 800 952 3839, ext. 7128.
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The plaintiff recalled – rightly
– the dust from the bags of asbestos he'd haul up from
the holds of ships of a certain freight line back in the 1950s.
He thought his exposure to airborne particles of the mineral
when he was a stevedore all those decades ago was responsible
for his mesothelioma now – and he is very probably correct.
But he was mistaken in remembering a well-known corporate
logo on the bags of asbestos.
"PIERS was able to provide the corporation’s defense
attorneys with detailed historic data on shipments to the
port at the time in question," says PIERS consultant
Wael Jarous. "The evidence was clear: The corporation's
products were not shipped to that port. The corporation could
not be held liable for this plaintiff''s illness."
Jarous is often called upon to supply PIERS trade data for
use in product liability and toxic tort cases. Another recent
example: A contractor's claim that a worksite was asbestos-free
was refuted by shipping records showing when asbestos entered
the stream of materials for the project. "We just had
to go further back in the supply chain," he explains.
"PIERS data is accepted as authoritative evidence in
court," Jarous says. "Our historic data is especially
useful in cases where many years elapse between exposure and
injury, and exposure may have been from several sources."
To learn more about how PIERS trade data can help bring the
facts of a legal case into focus, log on to www.piers.com/piersproducts/,
or call +1 800 952 3839, ext. 7128.
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The U.S. Department of Commerce
is pushing the development of high-tech
ID tags for "made
in the USA" textiles.
The stakes are high: 45% of all U.S. customs duties
collected come from textile and apparel shipments
... and clothing is the
No. 3 illegal import,
according to Commerce.
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The idea is to
make source codes and other identifying information part of
the warp and woof of textiles.
Three technologies recommended by the Oak Ridge National Laboratory
have won Commerce's backing for fast-track development: fluorescent-ultraviolet
marking, nanobarcode
particles, and DNA-based
marking.
While the Oak Ridge Lab is working on a combination of fluorescent-ultraviolet
markings and nanobarcodes, the private sector is developing
the DNA and fluorescent-ultraviolet techniques.
Applied DNA Sciences is already
testing an embedded DNA marker with Harriet & Henderson
Yarns. Applied DNA Sciences
puts strands of plant genetic material into a colorless liquid
that can be blended into the yarn during manufacturing. A
hand-held scanner can be used to "read" the tag
at any point in the production process and, subsequently,
as the yarns move along the supply-chain to apparel makers
and distributors.
Applied DNA Sciences says that the way it combines unique
sequences of DNA code produces a "fingerprint" virtually
impossible to replicate. Its DNA tags, which will not degrade
for 100 years, and which can be embedded in ink, paint, glue,
polymers, and labels, are also being promoted
to the pharmaceutical industry.
The main object of testing at this juncture is to establish
the economic feasibility of DNA tagging as an anticounterfeiting
measure.
"Cost-benefit analysis is essential,"
says PIERS Chief Economist, Mike Fusillo, "High-tech
solutions may be possible, but are they economically feasible?
Do the dollars you invest in them buy measurable gains?"
Fusillo notes that the U.S. Bureau of Customs and Border Protection
has taken pains to keep the new tamper-evident seals for containers
developed under its Customs Trade Partnership Against Terrorism
– C-TPAT – relatively low-tech and low-cost. "At
less than $10 a container, the seals should pay for themselves
in expedited clearance and lower insurance premiums."
"For the textiles sector," he continues, "the
target cost of tagging is no more than a penny per pound of
cotton ... which would work
out to about $82 million annually given current cotton production
estimates." And the return? Making a big dent in the
$8 billion to $10 billion worth of textiles the American Textile
Manufacturers Institute estimates is smuggled into the country
annually.
A modest investment in PIERS commercial intelligence can yield
significant returns. Companies can search the PIERS database
to track their own brands and product names in order to see
if their goods are being sold outside authorized channels,
or involved in counterfeit trafficking. For more on how PIERS
can help detect and prevent counterfeiting, diverted shipments,
and breaches of contract, log on to www.piers.com/piersproducts/,
or call +1 800 952 3839, ext. 7128.
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U.S. trade with Central America, which
already outstrips trade with Russia and India combined, looks
due for a boost. In the 10 years after NAFTA – the North
American Free Trade Agreement – U.S. trade with Mexico,
import and export, tripled. Now an FTA has been worked out
with four CA countries. CAFTA still needs Congressional approval.
Even without an FTA, the end of decades of civil strife has
reopened this regional market of nearly 40 million consumers
for business.
CA’s largest country, Guatemala, is the leading provider
of bananas to the U.S. Top U.S. export is fabrics. (Guatemala
is also the focus of the newest PIERS database. See "more
Resources" at right.) |

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© 2004 Commonwealth Business
Media, Inc.
PIERS is a division of Commonwealth Business Media, Inc.
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