Free Trade Agreement Compliance Strategies for UK Businesses
Free Trade Agreement Compliance Strategies: A Must Read for UK Businesses International trade is controlled by a variety of laws, regulations, and trade agreements, and meeting these standards is critical for enterprises involved in global trade. A free trade agreement (FTA) is no exception, and firms in the UK that want to benefit from these accords must comprehend how they affect trade compliance. It aims to promote international commerce by eliminating or lowering trade restrictions such as tariffs and quotas. By giving goods and services exchanged between FTA partner nations preferential treatment, they provide UK businesses the chance to enter new markets and become more competitive. To fully reap the advantages, firms must comply with the precise compliance requirements of free trade agreements. UK FTAs in force as at April 2023 UK FTAs under negotiation as at April 2023 Let’s examine how FTAs affect trade compliance for firms in the UK in more detail. Rules of Origin The rules of origin are a crucial component of compliance requirements in free trade agreements. The rules of origin decide whether items are eligible for preferential treatment under an FTA. Goods must meet the origin requirements outlined in this agreement in order to be eligible for reduced or zero tariffs. These requirements may include using materials sourced from FTA partner countries, meeting product-specific requirements, or meeting other requirements like value-added or regional content requirements. For UK businesses, adhering to regulations of origin may be difficult. It necessitates meticulous monitoring and verification of the origin of commodities across the supply chain and an in-depth understanding of the specific regulations of each free trade agreement. Businesses may face severe financial and operational implications if they violate the rules of origin, which can include fines, increased tariffs, and losing preferential status. Record-Keeping and Documentation Another important component of trade compliance that is impacted by free trade agreements is record-keeping and documents. It often requires firms to keep accurate and full records of all transactions involving the covered products or services. Businesses in the UK must demonstrate compliance with the rules of origin and other FTA standards by adhering to record-keeping and documents requirements. It entails keeping thorough and well-organised records, making sure they are easily available for audit or verification needs, and keeping them around for as long as each FTA requires. The trade compliance and reputation of a firm may suffer from penalties or fines, resulting from noncompliance with record-keeping and documentation standards. Verifications and audits FTAs may also require enterprises to conduct audits or verifications to guarantee compliance with the rules of origin and other FTA provisions. Customs officials or other approved agencies from FTA partner countries may conduct audits or verifications, such as on-site inspections, sample testing, and other verification processes. It can take a lot of time, effort, and resources to conduct audits and verifications, and businesses must provide comprehensive information, supporting documents, and proof of origin to support their claims. To guarantee compliance with FTA regulations, UK enterprises need to have strong internal controls, keep correct records, and be ready for audits or verifications. Fines and remedies UK businesses may face substantial financial and operational repercussions if they fail to adhere to free trade agreement obligations. Depending on how serious the violation was, there may be monetary fines, a revocation or suspension of preferential treatment, and other consequences for non-compliance. It’s critical that UK businesses take proactive steps to guarantee compliance with FTA regulations and are aware of the fines and punishments linked with non-compliance. Reducing risks and guaranteeing compliance may include making significant investments in comprehensive compliance programmes, carrying out frequent internal audits, and consulting experts. How can iCustoms help with UK FTA compliance? One of the top providers of trade compliance technologies, iCustoms.ai, has creative solutions that may help firms in the UK comply with free trade agreements (FTAs). iCustoms.ai can help UK firms comply with trade agreements under free trade agreements in the following ways: Automated rules of origin management The intricate task of managing rules of origin is made simple by iCustoms’ sophisticated algorithms and machine learning rules engine. In order to ascertain whether items qualify for preferential treatment under free trade agreements (FTAs), the platform can precisely gather, validate, and handle the relevant data, guaranteeing adherence to rules of origin regulations. Customs management iCustoms customs management software offers real-time compliance checks with customs rules and regulations, generates correct customs documentation, automates data entry, and streamlines customs operations. To guarantee adherence to FTA regulations, the platform also provides functions including tariff categorisation, value management, and duty optimisation. Data analytics Businesses may study trade data and spot patterns and trends by using their business intelligence reports. The technology helps firms proactively manage risks and guarantee compliance with FTA regulations by using AI and machine learning to deliver actionable information. Digital documentation iCustoms.ai’s digital document management features make the generation, administration, and exchange of trade-related documents easier. By providing features like digital signatures, electronic document production, and document tracking, the platform lowers the possibility of mistakes and delays in documentation while guaranteeing adherence to FTA regulations. To summarise, iCustoms provides a wide range of trade compliance solutions that can assist firms in the UK in adhering to free trade agreements. Utilising cutting-edge technologies like artificial intelligence (AI), data analytics, and digital documentation, iCustoms helps companies optimise their trade procedures, improve transparency and management of their supply chains, and guarantee adherence to the intricate regulations of free trade agreements (FTAs). This minimises the possibility of non-compliance fines and maximises the advantages and prospects presented by these agreements. So, get your journey started by scheduling a demo. And info@icustoms.ai welcomes your inquiries. You may also like: 04 September 2024 10 Reasons Why Freight Forwarders Hesitate to Change Customs Software Read More 16 August 2024 Delayed Shipments Due to Export Customs Declaration? Solutions for Manufacturers Read More 09 August 2024 Freight Forwarders: Stay Ahead with Customs Import Declaration Best Practices Read More 06 August 2024 Trade Compliance News – August
How UK’s CPTPP Membership Will Reshape International Trade
How UK’s CPTPP Membership and Technology Will Reshape International Trade After nearly two years of negotiations, Britain has joined the 11-member strong Asia-Pacific trade bloc that includes Japan and Australia. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) presents a significant opportunity to expand its trading relationships beyond the European Union (EU) and drive economic growth. The CPTPP is a free trade agreement between 11 countries, including Australia, Canada, Japan, Mexico, New Zealand, Singapore, and Vietnam. It represents a market of around 500 million people and a combined GDP of over $13 trillion i.e. about 13% of the world’s income Joining the CPTPP will give the UK better access to markets in the Asia-Pacific region, which is expected to be a major driver of global economic growth in the coming years. Role of innovative technologies As the UK joinied the CPTPP, it’s important to think about the role of trade automation in making trade easier and making customs procedures more efficient. Trade automation can make it much easier for CPTPP members to trade with each other by making customs procedures more efficient and reducing the amount of paperwork that needs to be done. For instance, iCustoms automated customs clearance systems can cut down on the time and money needed to process import and export paperwork. This makes it easier for UK businesses to trade with other CPTPP members. These systems can also improve the accuracy and transparency of customs procedures, reducing the risk of errors and delays. This could help boost the efficiency and competitiveness of UK businesses and reduce the barriers to trade with other CPTPP members. However, joining the CPTPP also requires the UK to meet high standards on customs procedures and trade facilitation issues. The CPTPP includes provisions to promote the use of electronic customs procedures and to simplify import and export processes. The UK will need to demonstrate its commitment to these issues. Challenges for CPTPP members Here are some of the key challenges the UK will have to face as a CPTPP member: Implementation of the agreement: CPTPP member countries need to implement the provisions of the agreement in their domestic laws and regulations. This can be a complex process and may require significant resources. Adapting to changes in global trade: The CPTPP is a dynamic agreement that is designed to adapt to changes in global trade. Member countries need to keep up with these changes and ensure that their policies and regulations remain up-to-date. Balancing domestic and international priorities: CPTPP member countries need to balance their domestic priorities with their obligations under the agreement. This can be challenging, as some domestic policies may conflict with the provisions of the agreement. Managing trade disputes: The CPTPP includes dispute settlement mechanisms that can be used by member countries to resolve trade disputes. However, managing these disputes can be challenging and may require significant resources. Ensuring compliance: CPTPP member countries need to ensure that they comply with the provisions of the agreement. This can be challenging, as compliance may require changes to domestic policies and regulations. Conclusion In conclusion, despite some challenges, joining the CPTPP presents a significant opportunity for the UK to expand its trading relationships and drive economic growth. Trade automation can play an essential role in facilitating this trade and streamlining customs procedures, reducing administrative burdens, and improving the efficiency and competitiveness of UK businesses. However, meeting the high standards set by the CPTPP on issues such as customs procedures and trade facilitation will be critical to staying as a member and ensuring that the benefits of joining the agreement are fully realized. Join Our Upcoming Webinar You may also like: 04 September 2024 10 Reasons Why Freight Forwarders Hesitate to Change Customs Software Read More 16 August 2024 Delayed Shipments Due to Export Customs Declaration? Solutions for Manufacturers Read More 09 August 2024 Freight Forwarders: Stay Ahead with Customs Import Declaration Best Practices Read More 06 August 2024 Trade Compliance News – August 2024 Read More 05 August 2024 5 Best Intelligent Document Processing Software Read More Discover More with iCustoms Streamline Your Customs Process, Save Time & Reduce Costs Learn More About iCustoms iCustoms is an all-in-one solution helping businesses automate customs processes more efficiently. With AI-powered and machine-learning capabilities, iCustoms is designed to streamline your all customs procedures in a few minutes, cut additional costs and save time. Start Now Solutions Customs Agents Traders Couriers Products Import Export Classification Intelligent Document Processing Customs Audit Landed Cost Calculation Restricted Screening Discover More with iCustoms Streamline Your Customs Process, Save Time & Reduce Costs Learn More
The Future Of Trade Compliance With iCustoms
The Future Of Trade Compliance With iCustoms In today’s fast-paced business world, companies must keep up with the ever-changing trade regulations to avoid delays, minimise risks and maintain a competitive edge. Trade compliance is an integral part of the supply chain and requires a deep understanding of the regulations, documentation requirements, and risks involved. To understand this in detail, iCustoms has organised a free webinar where Lars Karlsson, Walter Van der Meiren and Mark Denney will guide businesses through the regulatory changes, and how technology is revolutionising the trade compliance industry. They will also discuss how companies can leverage innovative solutions to automate their compliance processes, minimise risks, and improve their bottom line. Register Now Join our experts to learn about: ICS2: What is it, and how it will impact businesses trading with the EU? Global Trade 2.0: What is it? Is it an opportunity or a challenge? Windsor Framework: What is it, and how does it impact trade in the UK? How is technology transforming trade compliance and its impact on the industry? Latest trends and innovations, including automation, AI, and ML, and how they can help organisations streamline their compliance processes. If you are a trade compliance professional or a supply chain manager looking to learn about new regulatory changes and optimise your trade compliance processes, don’t miss this webinar. Listen to an insightful discussion on the future of trade compliance and how technology can help your organisation stay ahead of the curve. Date: 11th May 2023 Time: 16:00 – 16:50 BST Register Now Webinar Speakers Lars Karlsson Global Head of Trade & Customs Consulting – Maersk Lars Karlsson is a globally recognized leader in trade and customs consulting with over three decades of experience in the industry. He is the Global Head of Trade & Customs Consulting at Maersk, one of the world’s largest shipping companies. Mr. Karlsson has served in several senior leadership roles throughout his career, including Director General and Head of Compliance at the Swedish Customs Service. He has also worked as a CEO at KGH Customs Services, where he played a vital role in expanding the company’s operations globally. Mr. Karlsson is widely respected for his knowledge and expertise in global trade and customs and has been a guest speaker at numerous international conferences and seminars. He has authored many publications and articles on customs and trade-related topics and has been recognized with several prestigious awards, including the Swedish Royal Medal for his contributions to international trade and customs. Mr. Karlsson holds a Master of Science degree in Economics from the University of Gothenburg in Sweden and is a Certified Customs and Trade Compliance Professional. He continues to be a driving force in the global trade and customs industry. Walter Van der Meiren Director for Customs Brokerage – UPS Europe Walter Van der Meiren is a seasoned executive with extensive experience in customs brokerage and logistics. He is currently the Director for Customs Brokerage at UPS Europe, one of the world’s largest express companies. With over 30 years of experience in the industry, Mr. Van der Meiren has held several leadership positions in customs brokerage and logistics. He served as Chairman of the Customs and Trade Facilitation Committee at Amcham EU and vice-chair of its Brexit Task Force. He is chairperson of the Trade Facilitation Committee of the European Express Industry. He represents trade at the EU Commission DG Taxud’s Trade Contact Group and a subject matter expert in different customs working groups from the European Commission. He won the ICC’s Customs Professional Award 2020 and received the WCO’s Certificate of Honor for rendering exceptional service to the international Customs Community. Throughout his career, Mr. Van der Meiren has been recognized for his expertise in customs brokerage and logistics, and has been a sought-after speaker at international conferences and seminars. He is also actively involved in various industry associations and has served on the boards of several organisations, including the Belgian Association of Customs Brokers and Forwarders. With his extensive knowledge and expertise, he continues to lead the way in the customs brokerage and logistics industry. Mark Denney Technology Advisor – iCustoms Mark Denney is an accomplished technology executive with a strong background in digital transformation, payments infrastructure, and strategic change. He is the Chief Information Officer (CIO) at iCustoms. He served as Chief Digital and Information Officer (CDIO) at HMRC. Mark was fully responsible for delivering the UK COVID schemes and the EU Exit Border Technology, enabling the UK to smoothly leave the EU on the 31st Dec 2020. Mr. Denney’s extensive experience includes over a decade at Barclays, where he served as Managing Director, Chief Information Officer, and Head of Change at Barclays Corporate Bank and Payments. He has also held senior positions at JP Morgan Chase and GE Capital. HMRC highlighted Mr. Denney’s expertise in technological change and payments infrastructure, which will be particularly relevant as the organisation expands its online services for business and personal customers and implements its digital strategy. With his proven track record in digital transformation, Mr. Denney is well-equipped to help HMRC drive innovation and efficiency in its operations. Moderator Adnan Zaheer Founder & CEO – iCustoms Adnan Zaheer is the Founder and CEO of iCustoms, a technology company that provides cutting-edge software solutions for the customs industry. Under his leadership, iCustoms has been transforming the legacy customs software used for $22 trillion trade. He founded Seers Group and currently serves as its President. In just four years, he was able to build the company into a market-leading privacy and consent management platform that enables businesses to comply with the General Data Protection Regulation (GDPR), the California Consumer Privacy Act (CCPA), LGPD and numerous other data protection and privacy regulations. In addition, Adnan was a founding member of Smart Pension, a firm that is currently worth one billion dollars. He is an entrepreneur and professional who launched his first business,
Future Trade Compliance | Technology Revolutionise Industry
The Future Of Trade Compliance: How Technology Is Revolutionising The Industry Webinar Started: Adnan Zaheer Introduction: iCustoms is a revolutionary trade compliance platform for every business. Lars Karlsson Introduction: As the global head of trade and customs consulting at AP Miller, an ocean shipping company with over 100 years of history, I welcome all of you to this timely webinar. We live in interesting times where events like these are crucial for sharing ideas and taking action. Our company is transforming significantly from an ocean container shipper to an integrator of end-to-end trade solutions across all transport modes through digitalisation. Given the current state of trade wars, conflicts, and trade barriers raised in the post-pandemic world, this transformation is necessary. Despite these challenges, trade remains a key driver for development, growth, and poverty reduction. The good news is that digitalisation has accelerated in international trade, not only in digitising paper documents but also in changing processing and supporting international supply and value chains with data pipelining. However, the bad news is that change could be faster. As a part of the industry driving international trade, we must accelerate this change. I look forward to this discussion. I started my career with Swedish Customs in 1984, the first and only job I applied for. I worked on digitalisation, where we introduced the first electronic signatures, EDI, and the 99 paperless system. This led to the development of other concepts such as authorised economic operator programs, the single trade window, and the first-in-the-world mark. Throughout my career, I have been involved in around 25 single trade window projects worldwide, culminating in serving as a Director at the World Customs Organisation for six years. Regarding the three most important things to address, standardisation is crucial. Having worked at the World Customs Organization, I know that standardising customs and borders is a slow and lengthy process. As I often say, I have been married to the same woman for 34 years and have spent more time on standardisation than with my wife. Walter Introduction Good afternoon. My name is Walter Vandermeer, and I work for UBS. I also work for United Parcel Service, a company that has existed for 116 years and provides integrated services where customs clearance is key to our success. With very integrated IT systems, customs clearance is possible today. My work involves being active within the European Union, specifically working with the European Commission and Digi Taxes on customs legislation. I am responsible for trading compliance within UPS, serving as the chairperson of the Amgen EU committee, and being a part of the European Express Association. Through these roles, I am exposed to many new and current IT projects that deploy technology to make customs legislation work. It is a very exciting time, as we live in transformative times. I have been in the business since 1984 and witnessed the first technological disruption in customs brokerage, which was the replacement of the Telex by the fax machine. Now, we are talking about predictive service artificial intelligence, which is crucial to tackling today’s challenges. As Lars mentioned, there are more restrictions, and we need earlier and better data availability, which is only possible with today’s and tomorrow’s technology. I will provide examples of this later in the webinar. With it, we can succeed and avoid a competitive disadvantage. Mark Introduction Adnan, it’s great to be here. My background is quite different from Lars’s. I have 20 years of experience in banking, mainly in corporate and investment banking, as well as payments. However, I was looking for a change in perspective and a focus on technology when I joined HM Revenue and Customs (HMRC) at the end of 2019. It was challenging as we had to deal with a massive transformation project, which started within three months of my joining, and then the Brexit process. Fortunately, we managed to deliver successfully. Since then, I have worked as an IT business advisor for several small companies. My experience in leading the HMRC Brexit readiness effort has given me a thorough understanding of trade policy and compliance at the border and its limitations. This has enabled me to think about the technical requirements needed to support the technology currently being deployed. Additionally, I was responsible for the single trade window for the government a month before I left HMRC, which I’m sure will be part of our discussion today. https://www.youtube.com/watch?v=XZsZB6S4iDw&feature=youtu.be Webinar Questions Lars – What are the three most important things to accelerate trade and customs digitalisation? It may or may not be true that standardisation with the European Commission is more effective than with an individual, but the process is lengthy. We should reconsider and innovate the standardisation process by using more agile framework agreements to address this. The industry should then take responsibility for implementing these agreements and determining the systems used. The second element involves greater integration between governments, international institutions, and the private sector. We need to work together in new arenas to create an ecosystem of trust, and pilot projects are currently being evaluated. The third element involves developing “killer applications” demonstrating the benefits of compliance and risk management processes at borders. Governments should incentivise compliance by providing benefits to companies that submit relevant data, such as supply chain data. Ultimately, the goal is to make trade compliance more efficient, predictable, and sustainable at borders. Scaling up and testing electronic/digital bills is another important step requiring cooperation between all parties. Q: Walter – What does the customs IT environment within the European Union look like? Thank you for the question. It highlights the points made by Lars earlier. The challenges we face in implementing legislation in the European Union are significant. With 27 member states and 27 IT systems, it is complicated to implement new regulations. For instance, the Union Customs Code was adopted in 2013 but only fully implemented
iCustoms Role in UK Single Trade Window | Opportunity for Businesses
iCustoms Role in UK Single Trade Window | Opportunity for Businesses The UK government has been working to make business easier across borders and make trade processes more efficient. One of these projects is the Single Trade Window (STW), a digital platform that makes it easier for businesses that trade internationally to do business. This article will discuss the policy discussion paper on the UK Single Trade Window that was just released. Background The UK Single Trade Window is part of the government’s wider agenda to enhance trade and commerce in the country. The STW aims to provide a single digital platform for all import and export related transactions, making it easier and quicker for businesses to trade across borders. The platform will be available to all businesses, regardless of size or industry, and integrated with other government systems such as customs and tax. Policy Discussion Paper The recently published UK Single Trade Window Policy Discussion Paper outlines the government’s vision for the STW and its plans to make it a reality. The paper says that the STW will make businesses’ lives much easier and make the UK more competitive internationally. The paper identifies key areas that the government will focus on to make the STW a success, such as: Simplifying Processes: The STW will simplify and streamline trade processes by eliminating duplication and reducing the need for paper-based processes. This will result in significant time and cost savings for businesses. Better Transparency: The STW will give businesses more visibility and clarity throughout the trade process, from before the goods arrive to after they have been cleared. This will enable businesses to track their shipments and quickly resolve any issues. Integration: The STW will be integrated with other government systems, such as HMRC, DEFRA, and Home Office, to provide a seamless trade experience for businesses. Collaboration: The government will work closely with businesses like iCustoms and stakeholders to ensure that the STW is designed to meet their needs and address any concerns. Challenges Technical Complexity: Creating and putting the UK Single Trade Window (STW) into place will require a lot of technical know-how and investments in technology and infrastructure. There may be challenges in ensuring interoperability with existing systems and standards. Regulatory Compliance: It will require compliance with various regulatory frameworks and standards, including those of the European Union and World Trade Organization. Failure to comply with these standards could result in trade disruptions and legal challenges. Data Security and Privacy: The STW will handle a large volume of sensitive data, including trade documentation and personal information. There are concerns about data security and privacy and ensuring compliance with relevant laws and regulations. Adoption and Integration: The success of the STW will depend on its adoption and integration with other government systems, such as customs and tax systems. Ensuring smooth integration could be a challenge. Opportunities Enhanced Efficiency: The STW has the potential to significantly enhance trade efficiency and reduce costs for businesses. It will streamline trade processes, reduce duplication, and provide real-time tracking of shipments. Improved Transparency: It will make the whole trade process more clear, so businesses can solve problems quickly and make fewer mistakes. Increased Competitiveness: The STW will make the UK more competitive on the world market by lowering trade barriers and making it easier for goods to move from one place to another. Better trade relationships: The STW will require businesses, governments, and other stakeholders to work together and cooperate. This provides an opportunity for improved trade relationships and dialogue. Economic Development: The STW could help the economy grow by making trade easier, increasing the amount of trade, and creating new jobs. Role of innovative technology Technology plays a crucial role in the success of the UK Single Trade Window policy. Here are a few ways in which technology can help: Interoperability: Developing a single trade window requires the integration of various systems and technologies used by different stakeholders. Interoperability is essential to ensure smooth functioning of the STW. Technologies like APIs (Application Programming Interfaces) can facilitate seamless data exchange between systems, improving interoperability. Artificial Intelligence (AI) and Machine Learning (ML): AI and ML can be used to automate trade processes, such as document verification and risk assessment. This can help reduce the workload of customs officials, improve accuracy, and speed up the trade process. Data Analysis: The STW creates a lot of data that can be used to improve the way trade works and make policy decisions. Data analytics can look at trade data and find patterns and trends that can help shape trade policies and strategies. Overall, technology can greatly impact how the UK Single Trade Window policy is made and used. Using new technologies, the STW can improve trade efficiency, security, and transparency while lowering costs and making businesses more competitive. How iCustoms can help? iCustoms is a customs compliance platform that is powered by artificial intelligence. It uses advanced technologies like AI, machine learning, and natural language processing to automate customs clearance and logistics processes. Here are a few ways in which iCustoms will help the UK Single Trade Window (STW) policy: Automate Customs Clearance: iCustoms.ai can automate customs clearance processes like document processing and risk assessment. This makes customs clearance faster and less work for customs officials. Electronic Document Management: With iCustoms, all customs documents can be managed electronically, cutting down on paper use and speeding up customs clearance. Data Analytics: iCustoms analyses trade data and identifies patterns and trends, enabling businesses to make informed decisions and optimize their trade operations. Auto Classification: iCustoms can classify goods automatically based on their descriptions and the tariff codes that go with them. This cuts down on mistakes and delays in customs clearance. Automated Calculation of Duties and Taxes: iCustoms.ai can automatically figure out duties and taxes based on the value of the goods and the tariff codes that go with them. This cuts down on mistakes and speeds up customs clearance. Integration with the UK Single Trade Window: iCustoms will integrate with
iCustoms joins Zebox Accelerate Program Trade Compliance Industry
iCustoms.ai Joins ZEBOX Accelerate Program to Revolutionise the Trade Compliance Industry Press Release iCustoms, the trade compliance automation platform that makes cross-border trade easy, is pleased to announce its participation in the Accelerate program designed by ZEBOX, a global accelerator especially focused on supply chain innovation in the transportation, logistics, and energy realms, to further develop its innovative trade compliance management software. iCustoms is excited to partner with ZEBOX to expand its reach and impact in the trade compliance industry. The company’s AI software streamlines and automates the trade compliance process, reducing paperwork and improving compliance with complex regulations. ZEBOX was founded in 2018 by Rodolphe Saadé, Chairman and CEO of the CMA CGM Group, as a community of the most promising startups and large companies dedicated to accelerating decarbonisation and operational optimisation in the supply chain industry. As part of the program, iCustoms will benefit from ZEBOX’s extensive network of mentors, advisors, and industry experts, as well as access to its partners and investors. “We are thrilled to join ZEBOX’s Accelerate Program and work alongside some of the most innovative and disruptive startups in the logistics and international trade industry,” said Adnan Zaheer, CEO of iCustoms. “This partnership will allow us to further develop and refine our trade compliance management platform and better serve our customers worldwide.” iCustoms’ software is already being used by global companies, and this partnership with ZEBOX will allow the company to accelerate its growth and expansion plans. “We are excited to welcome iCustoms to our Accelerate Program,” said Gwen Salley, CEO of ZEBOX. “Their innovative approach to trade compliance management aligns perfectly with our mission to transform the logistics and international trade industry through technology and innovation.” About iCustoms: iCustoms is a leading provider of AI-based trade compliance management platforms, offering a streamlined and automated solution for customs clearance processes. The company’s software reduces paperwork, simplifies complex regulations, and improves compliance for businesses of all sizes. The products include: ● Document Automation ● Smart Product Classification ● Customs Document Management ● Customs Declarations Software ● Customs Rules Engine Follow iCustoms on Twitter, LinkedIn, YouTube, and Facebook About ZEBOX: ZEBOX is a global accelerator gathering a network of entrepreneurs, industry leaders, and ecosystem experts paving new paths toward sustainability starting with the supply chain. Founded in 2018 by Rodolphe Saadé, Chairman and CEO of CMA CGM Group, a global player in sea, land, air, and logistics solutions. ZEBOX is now supported by 20 international companies such as , BNSF Railway, Bureau Veritas, CEVA Logistics, INFOSYS, Synergy Marine Groupe, PSA and Port of Virginia. Operating in 5 regions of the world, ZEBOX provides its community with a unique set of programs, resources, and opportunities. Follow ZEBOX on Twitter, LinkedIn, YouTube, Instagram and Facebook Contact: Tracy Morgan iCustoms media@icustoms.ai About iCustoms iCustoms is an all-in-one solution helping businesses automate customs processes more efficiently. With AI-powered and machine-learning capabilities, iCustoms is designed to streamline your all customs procedures in a few minutes, cut additional costs and save time. Start Now Solutions Customs Agents Traders Couriers Products Import Export Classification Intelligent Document Processing Customs Audit Landed Cost Calculation Restricted Screening
