There have been significant changes to global trade in recent years. Some will benefit manufacturers that work across multiple geographies, such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the Economic Partnership Agreement signed by the European Union and Japan, and Nafta 2.0 — the United States - Mexico - Canada Agreement.
Agreements like CPTPP, the USMCA and the EU-Japan deal seek to reduce or remove tariff barriers. However, in the last few years tariffs have been a recurring theme in the global trade space.
As well as tariffs, additional geopolitical issues have arisen in recent years. These include, new sanctions imposed on countries like Russia and Venezuela; the US withdrawal from the 2015 Iran nuclear deal; and Brexit — the UK’s withdrawal from the EU.
Enterprises may not be able to do much about geopolitical changes and global trade uncertainties. What they can do is ensure their own operations are optimized to navigate dynamic trading environments.
This white paper looks at best practices for global trade and transportation for manufacturers with multinational operations. Subject areas covered include free trade agreements, trade compliance and standardizing global logistics.
By optimizing their global trade and transportation operations, multinational companies gain a competitive advantage, ensure ongoing compliance and maximize logistics ROI.
Please CLICK HERE to download the white paper.