Updates on the EU Carbon Border Adjustment Mechanism (CBAM)

The European Union (EU) has taken a significant step in its commitment to combat climate change by implementing the Carbon Border Adjustment Mechanism (CBAM) starting from October 1, 2023. This mechanism is designed to address the issue of carbon-intensive production being moved abroad to take advantage of lower environmental standards, or the replacement of EU products with imports that have higher carbon dioxide emissions. In this article, we will delve into the details of CBAM, including its objectives, implementation phases, and reporting requirements.

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ESG: Why It Matters and How to Implement It

Introduction to ESG Environmental, Social, and Governance (ESG) represents a set of standards that socially conscious investors use to screen potential investments. These standards guide how a company operates and interacts with the world. The Benefits of ESG Compliance Why should a company prioritize ESG compliance? The benefits are manifold: Demystifying Social Compliance Social compliance […]

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How outsourcing customs and trade compliance processes may enhance your global trade operations

Customs and trade compliance is a complex and dynamic field that requires constant attention and expertise. Companies engaged in global trade face challenges such as changing regulations, tariffs, duties, border security, documentation, and reporting obligations. Managing these tasks in-house can be costly, time-consuming, and risky. Outsourcing customs and trade compliance processes can offer a solution […]

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IMMEX: The Key to Successful Near-Shoring in Mexico

The IMMEX program has revolutionized the economic relationship between Mexico and the US, providing increased trade and investment opportunities. However, navigating the complex and time-consuming process can be a challenge for companies. CATTS, with its team of experts and efficient software solution, can help streamline the process, reduce costs, and ensure compliance, allowing you to focus on your core business activities while taking advantage of the benefits of the program. Learn how CATTS can help you today.

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Navigating Mexico's Modernized Customs Regulations

Mexico, with the purpose of increasing its economy and as a commercial strategy, decided to become a member of the GATT (General Agreement on Customs Tariffs) in 1986. The main idea was to increase income through the sale of goods and services produced in the country through exports and imports. To achieve this objective, the […]

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Compliance Outlook 2023: Gazing at the Crystal Ball

As we kick off the new year, we sat down with Jayachand Pachakkil, senior trade consultant at CATTS, to discuss the challenges that companies will face in 2023 from a Trade Compliance and Supply Chain Management perspective and how CATTS intends to address these. Jayachand highlighted four main areas of concern: the ongoing Russia-Ukraine war, […]

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