With over 190 countries in the world
actively involved and regulating trade, it is increasingly complex and time
consuming to understand all of the requirements to legally ship to or source
from a given country.
In addition, your customer’s
status may have changed and may now be listed on a
sanctioned party list. Simply
put, if your shipment does not comply, it will be held up at the border and your
company will suffer higher costs in terms of inventory, handling and customs
fines.
Management Dynamics’
Trade Wizards
is a Web-based research tool-set that taps into a wealth of trade content from
122 countries. See how it works in our
Trade Wizards Tour.
Trade Wizards helps you answer your complex trade
questions instantly, in such areas as:
▪
Classifying a product in terms of its
HS (including complex sets), Export Control Number (ECN), Schedule B, or ALADI
using common words or legal definitions. In addition, you can search through a
tree view structure to compare related classifications
▪
Mapping a classification from one
country to the corresponding tariff in any other country
▪
Identifying applicable export
controls such as specific licenses, certificates, inspections or permits
required to export dual-use or restricted products
▪
Identifying applicable import
controls such as licenses, permits, certificates, absolute and tariff rate
quotas, anti-dumping and countervailing duties
▪
Screening prospective customers
against lists of restricted parties, entities, terrorists, debarred individuals
with algorithms based on keyword selection and Soundex 'fuzzy logic'
▪
Calculating the landed cost for a
shipment in terms of duties, excise tax, value-added tax, provincial taxes,
profit taxes, statistical taxes, customs fees, port charges and all other import
taxes including estimated transportation and insurance costs
▪
Determining required commercial and
government documents for a given country of export and country of import
combination including language requirements
▪
Building complex queries to determine
the full landed cost of the product including all applicable export and import
controls.
View our
Product Tour
to tap into Trade Wizards and instantly answer your toughest trade questions.
Trade Wizards is powered by
Management Dynamics’
Global Trade Content, the industry’s most comprehensive and
robust database of global trade content and international business rules. Global
Trade Content is sourced and analyzed daily by the Management Dynamics’ global
content team and updated with an ISO-certified 17-step quality management
process.
"Trade
Wizards is an invaluable tool for our global trade team and we use it daily to
quickly and accurately classify our products, determine applicable import or
export controls, or to answer a question from the business on total landed cost.
The latest version of
Trade Wizards 10.0 is much easier to use,
allowing us to conduct our research more efficiently and to full tap into
Management Dynamics' trade content library including the new HS-based document
templates."
Director of Corporate Logistics and Transportation
Belkin International
