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Showing posts from November, 2015

Meet Your Local Customs Official Roundtable

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Posted by Paige Diller, Intern

At our recent World Trade Center round-table event, we had the opportunity to meet with Michelle Stover, Port Director, and Scott Merlo, Officer, from the U.S. Customs and Border Protection's Port of Harrisburg office.  
They were able to share their mission as part of CBP's Field Operations and some of their personal experiences that they have had while protecting U.S. borders over the years. They also provided helpful advice for attending companies on various different aspects of travel and trade, including the best ways to seek help or information. They also touched upon the operational elements of trade, such our local Foreign Trade Zone.
The U.S. Customs and Border Protection's Mission Within the U.S. Customs and Border Protection, the Office of Field Operations focuses on guarding the physical and economic security of the United States by controlling access to the country. In the words of our speakers, they keep the "bad people" …

Dealing with a Strong U.S. Dollar

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Posted by Paige Diller, Intern

As the strength of the U.S. dollar is on the rise, a small group of representatives from local businesses sat down for a roundtable discussion to gain insight and share advice on how to manage the currency’s impact on exports and trade.
Currency Strength and Exporting Impacts Explained. Though the U.S. dollar gaining strength is an indication of a recovering economy, it negatively impacts U.S. companies that export their goods and services. For example, in November of 2014, a good that was produced and priced at $5 by a U.S. company could be purchased by a European company for €4. A year later, the same U.S. company making the same product and priced at the same $5 would now cost a European company €4.61.
The cost of buying U.S. goods and services is going up for international companies while U.S. companies are not necessarily pulling in any additional revenues.

Strategies for Dealing with the Strong U.S. Dollar. The World Trade Center hosted event “Strateg…