International Trade
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International Trade
First Sale Customs Valuation: Legally Lowering the Landed Costs of Goods
Each year, millions of dollars are paid in customs duties unnecessarily because importers fail to take advantage of the "First Sale Rule," a legal route to reduce duty liability. Importers typically pay customs duties on the price paid to their vendors. With the First Sale Rule, an...
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Premier International Practice with Strong Community Focus
Editor: Please tell our readers about Jones Day’s recent Dallas conference on “Getting the Deal Done When Governments Stand in the Way: The New Deal-Making Paradigm.” Galvan: In the current economy, companies large and small are doing business all over the world. Since a...
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Saudi Arabia: An Economy on the Up
Saudi Arabia continues to be a booming and stable economy that continues to be buoyed by high oil prices and a thriving private sector. While oil prices have fallen from record highs down to US$80 a barrel, such price exceeds the amounts required for another expected budget surplus. Saudi Arabia...
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