SINGAPORE, Sept. 3, 2014 /PRNewswire/ -- Legal IQ confirmed that Donald Pearce, Regional Export Control Officer, US Embassy, Singapore will be the keynote speaker at the Customs and Trade Compliance Asia Summit in October 2014 in Singapore.
Customs and trade regulations have been rapidly evolving and with new FTA agreements; the key is to maximize these regulations to ensure maximum cost savings quickly and efficiently. As companies are increasingly importing and exporting across different geographies, how to navigate ambiguous customs and trade compliance practices is a big challenge for most companies.
"Against a backdrop of heightened revenue targets and limited resources, Customs authorities in Asia Pacific are increasingly moving toward a risk-based profiling approach while continuing to take aggressive stances on perceived non-compliance," says Daniel ZumBrunnen, Customs Director – APAC, Schneider Electric.
Most organizations used to handle the complexities of their customs and trade through their supply chain/sourcing department. However with increasing complexities of trade compliance like customs valuation and documentation, import licensing regulations amongst others, most companies have dedicated customs and trade compliance managers to handle this. With several Free Trade Agreements (FTAs) being signed between countries, how to utilize them to ensure maximum cost-savings is a big challenge for companies. Adding on to this, Asta Nie, Head of Customs and Trade Compliance, Bayer China says, "China Customs, just like SE Asia customs' is initiating a new round of reform and a lot of changes will be coming soon."
The regional heads of Customs, Trade Compliance, Supply Chain and Sourcing, amongst others, will come together this October to discuss effective strategies to navigate complex regulations to propel cost-effective trade and commerce.
Leading customs and trade officials participating at the summit include the US Embassy, Dell, Schneider Electric, Robert Bosch, Bayer China, Honeywell Automation, HP and BMW Group, amongst others. Amber Road - a leading customs and trade compliance solution provider will also join in this intimate gathering this October.
Registration for Customs and Trade Compliance Asia 2014 is now open at www.customcomplianceasia.com.
For further information, please contact:
Susy Angryany
+65-6722-9465
