A significant international trade issue is surfacing, that hasn’t received enough attention nationally, with the implementation of U.S. Customs and Border Protection’s (CBP) Automated Commercial Environment (ACE) initiative at the end of this month (2/28). While Welke Customs Brokers USA has worked closely with CBP for some time and supports…
Welke, WNY Foreign Trade Zone to Present on “Doing Business in the U.S.” Panel
The United States and Canada have the largest trade relationship in the world. The trade relationship between our two countries crosses all industries, and is vital to both nations’ success. Momentum Public Affairs is proud to partner with the Greater Niagara Chamber of Commerce, Momentum clients Welke Customs Brokers and WNY…
Advantages of Using a Foreign Trade Zone #3 – Exports
by Zachary Finnegan, International Trade Advisor With WNY Foreign Trade Zone’s proximity to the CanAm border, it is not uncommon for shippers to export into the U.S. to our facility only to then export to Canada or another country. Since goods held in an FTZ are still considered international freight,…
Advantages of Using a Foreign Trade Zone #1: Cash Flow
by Zachary Finnegan, International Trade Advisor This post is the first in a series of posts about the benefits of doing business in a Foreign Trade Zone. Western New York Foreign Trade Zone Operators Inc. manage the Foreign Trade Zone in Lackawanna, NY, ten minutes from the Peace Bridge between…
Weakened Canadian Dollar Creates Opportunities for Some Businesses Along Border
by Katie Gibas, YNN Link to Story BUFFALO, N.Y. — Despite traffic from Canada to the U.S. being down because of a weak Canadian dollar, tourism is still at a record high, but what does a devalued Canadian currency mean for businesses who ship and manufacture between borders? Western New…
Fewer Visitors From Canada as Loonie Lags Behind, But Overall Tourism Strong
by Katie Gibas, YNN Link to Story NIAGARA FALLS, N.Y. — With the Canadian dollar the weakest it has been in more than a decade, there are fewer Canadians stepping up to exchange their loonies into dollars. Earlier this year, the currency started to lose value. In September, the loonie…
WNY businesses will have to deal with slumping Canadian dollar
by Alissa Kline, Buffalo Business First Link to Story What happens in Canada doesn’t stay in Canada, so it’s no surprise to William Vanecek that there are fewer total passengers flying out of Buffalo Niagara International Airport this year. As many as 1 million Canadians depart from the airport every…
Another Voice: Anti-spam law changes how business is done in Canada
Buffalo News “Another Voice” Column Link to Story By Tim Palisano July 1 will mark the one-year anniversary of the implementation of Canada’s tough anti-spam legislation. In a bi-national regional economy like ours, many companies that do business on both sides of the CanAm border have been watching this law…
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