Explore how strategic and transactional planning can result in significant benefits to importers and exporters, and reduce risk.
Audience: Open industry. All apparel and footwear industry professionals, regardless of AAFA membership, are encouraged to participate.
Description:
New U.S. duty drawback regulations will go into effect on February 24, 2018. What can you do to prepare? Join this webinar to find out how utilizing strategic and transactional planning can result in significant benefits to importers and exporters, and reduce risk through processes not captured in current controls.
On February 24, 2016, the Trade Facilitation and Trade Enforcement Act of 2015 (TFTEA) was signed into law. The primary goal of the TFTEA is to encourage international trade through the simplification of U.S. trade regulations. In particular, duty drawback (drawback), a longstanding yet complex trade mechanism allowing for duty refunds on goods imported to the U.S. and subsequently exported, will create opportunities for broader qualification through the easing of product substitution rules, a simplified filing time frame, and modernized record-keeping requirements. These new changes come at a time of further automation of the drawback process for United States Customs and Border Protection (CBP) through the Automated Commercial Environment (ACE), and will transform the way claimants manage their duty drawback programs in the future.
Attendees of this webinar will:
1. Receive an overview of the revised drawback regulations under the Trade Facilitation and Trade Enforcement Act of 2015.
2. Learn how to apply the eased substitution rules and what to do now.
3. Identify how to manage your drawback program of the future.
Speakers:
Kelly L. Nelson
Senior Manager, Trade & Customs
KPMG
Kelly is a Senior Manager in KPMG’s U.S. Trade and Customs practice, based in the firm’s Atlanta, GA office. She has more than 10 years of experience in assisting clients across a broad range of industries with all aspects of their customs and international trade activities. Kelly joined KPMG in 2007 and has worked with companies in the areas of duty drawback, global customs compliance, First Sale for Export, classification, transactional testing, importer self-assessment programs (ISA), post entry audits, customs trainings, process development, and Customs and Trade Partnership against Terrorism (C-TPAT). Specifically Kelly has assisted various clients with applying for drawback privileges, preparing duty drawback claims, and responding to duty drawback desk audits. She has also assisted in the development of internal processes to process duty program claims and with full desk audit reviews of the claims.
George Zaharatos
Principal, Trade & Customs
KPMG
George is a Principal with KPMG LLP’s U.S. Trade and Customs Practice based in the firm’s Atlanta office and KPMG’s Trade and Customs Southeast Regional Leader. He leads KPMG’s duty drawback service line and has more than 18 years of experience managing trade compliance and identifying savings and efficiencies through implementation of effective controls. George is responsible for assisting a broad range of U.S. multi-national and foreign-owned clients primarily in electronics and communications, sporting goods, retail, food and beverage, and automotive. He has extensive knowledge in U.S. and global import and export regulations, particularly in the areas of duty recovery, trade process development, systems implementations, compliance assessments, cross-functional opportunity identification, and supply chain cost savings strategies.
Moderator:
Nate Herman
Senior Vice President, Supply Chain
AAFA
Nate oversees AAFA’s government relations department, managing the association’s lobbying, policy, and regulatory affairs activities. Nate leads AAFA’s corporate social responsibility (CSR) program, formulating and implementing CSR policy and representing AAFA and the industry on CSR issues before governments, NGOs, and other key stakeholders. Nate also leads the association’s work on sustainability, transportation, logistics, and customs issues. In addition, Nate develops all apparel and footwear industry data and statistics as AAFA's resident economist. Prior to joining AAFA, Nate worked for six years at the U.S. Department of Commerce's International Trade Administration assisting U.S. firms in entering the global market. Nate spent the last two years as the Department's industry analyst for the footwear and travel goods industries. Nate received a Masters of Public and International Affairs from the University of Pittsburgh in 1994 and a Bachelor of Arts in International Relations and Economics from the University of Delaware in 1992.
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