World Trade - October 2008 - (Page 14)

TRADEWINDS in duty for U.S. imports because the first-sale rule bases import duties on the value of the first transaction in the supply chain, typically between a foreign factory and a middleman, which has a lower value than later transactions that include the margins earned by middlemen. According to media reports, the trade community has been strongly opposed to eliminating the ﬁrst-sale rule since it was ﬁrst announced by U.S. Customs. MARK YOUR Calendar Supply Chain Risk Management 2008 Rotterdam, the Netherlands erlands Nov 3-4, 2008 http://www.scrmevent.com CSCMP Fundamentals of Supply Chain Management Chicago, Illinois Nov 13-14, 2008 http://cscmp.org/events/ fundamentals/index.asp NITL 101st Annual Meeting & TransComp Fort Lauderdale, Florida Nov 15-19, 2008 http://www.nitl.org 6th Annual Supply Chain & Logistics Summit North America St. Augustine, Florida Nov 17-18, 2008 http://www.supplychain. us.com Names & News Crowley Hires Roberts Crowley Maritime Corporation has hired Michael Roberts as senior vice president and general counsel. Roberts, who formerly served as Crowley’s vice president of government relations, most recently worked as an attorney in Washington, D.C., specializing in legislative and regulatory issues involving the maritime industry. He will relocate to Jacksonville and report to Crowley vice chairman and executive vice president Bill Pennella. The company said Uberoi brings extensive container terminal sector experience to MITI, having previously held senior positions with a container terminal operation in Halifax. Philippine Software Exports on the Rise SECTOR TO HIT $1 BILLION BY 2010 The Philippine Software Industry Association says software exports are expected to hit nearly $1 billion by 2010. Driving the growth will be U.S. ﬁrms that are just beginning to outsource their software development to foreign ﬁrms, said the industry group. Last year, software exports from the Philippines amounted to $423 million, however the industry has achieved revenue increases of 30 percent annually in recent years. Telman Appointed by Ports America Group Ports America Group has appointed Deborah H. Telman general counsel at the company’s Iselin, N.J., headquarters. Previously, she served as chief counsel for mergers and acquisitions at Boeing Co. in Chicago since 2002. Melford International Terminal Taps Uberoi Melford International Terminal Inc., the organization that is planning to build a new container terminal at Melford on the Canso Strait in Nova Scotia, has hired Mike Uberoi as its chief ﬁnancial and chief operating ofﬁcer. Jensen Promoted by KCS Kansas City Southern announced the promotion of Brett C. Jensen from general director to assistant vice president of intermodal sales and marketing. Jensen is responsible for the sale and marketing of domestic and cross-border intermodal freight service. South Korea, Australia Launch Free Trade Talks FIRST SUBSTANTIAL STEP SINCE 2006 Officials from South Korea and Australia have agreed to start “preparatory talks” on a free trade agreement while also calling for greater cooperation in energy and resources. Both countries have expressed their willingness to hold negotiations since 2006, yet to date there has not been any formal movement towards discussions. South Korea has already completed trade accords with Chile and Singapore. 14 WORLD TRADE OCTOBER 2008 World Trade Magazine will be publishing announcements of forthcoming global supply chain events in every issue. For inclusion, please forward event details to laras@worldtrademag.com Britain’s Largest Retailer to Open Shop in India TESCO PREPARED TO INVEST $114 MILLION OVER TWO YEARS Britain’s largest retailer, Tesco, says it plans to open wholesale grocery stores in India that will supply goods to hypermarkets owned by Indian conglomerate Tata Group. “It complements our entries into China and the United States, giving us access to another of the most important economies in the world. Our wholesale cash-and-carry format will bring improved value, range and service to thousands of Indian businesses,” remarked the retailer giant’s chief executive. The company said it would invest up to $114 million over two years to help develop its wholesale business in India. Meanwhile, Tesco recently announced that it has set up a South China headquarters facility in Guangzhou to help boost its presence in China. Tesco already has 47 stores in China, having entered the country three years ago. EU’s High-Tech Duties under Investigation WTO REVIEW PROMPTED BY U.S. JAPAN, AND TAIWAN The European Union’s duties on certain high-tech imports may be subject to an investigation by the WTO following a complaint by the U.S., Japan, and Taiwan. U.S. Trade Representative Susan Schwab said the products affected by the duties include cable boxes that can access the Internet, flat-panel computer monitors, and certain computer printers that can also scan, fax, and/or copy. http://www.scrmevent.com http://cscmp.org/events/fundamentals/index.asp http://www.nitl.org http://www.supplychain.us.com

Table of Contents Feed for the Digital Edition of World Trade - October 2008

World Trade - October 2008 Contents Tune Up Your Supply Chain Globalization: The Real Competitive Threat Supply Chain Watch Tradewinds Shippers and Providers Collaborate to Take on a Challenging Economy Tweaking the Supply Chain to Optimize Value and Minimize Cost Supply Chain Software Morphs Into Enterprise Management Can Warehousing Really, Truly Be Strategic? Everybody is Global Between the Devil and the Deep The Hidden Costs of ‘Free’ Translation Blowing Smoke

World Trade - October 2008

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