US Customs Proposes CAIN As EIN Alternative for Foreign Importers

US Customs Proposes CAIN As EIN Alternative for Foreign Importers

Overseas importers can import into the US without a mandatory EIN application by obtaining a CAIN instead. Using a CAIN requires designating a US-based company as the 'Ultimate Consignee.' This article provides a practical guide for overseas importers navigating US customs clearance, aiming to simplify the import process and reduce trade risks. It outlines the key requirements and considerations for utilizing CAIN, ensuring compliance and efficient import operations. This guide is designed to help businesses understand and leverage the CAIN option for smoother US market access.

01/20/2026 Customs Knowledge
Read More
Huazhi Big Data Enhances Jinans Foreign Trade with Digital Tools

Huazhi Big Data Enhances Jinans Foreign Trade with Digital Tools

Shandong Huazhi Big Data has been appointed as the Vice President Unit of the Jinan International Chamber of Commerce, signifying recognition of its strength in AI-driven overseas trade. The company will leverage its "JingMaoTong" system to empower Jinan's foreign trade enterprises through digital intelligence, integrated innovation, and resource sharing. This will help them reduce overseas expansion costs, explore new business models, and build a foreign trade ecosystem, injecting new impetus into the region's high-quality foreign trade development.

02/02/2026 Logistics Industry Insights
Read More
Foreign Trade Firms Shift from Sales to Marketing for Growth

Foreign Trade Firms Shift from Sales to Marketing for Growth

Foreign trade enterprises should shift from a sales-oriented to a marketing-oriented mindset. This involves gaining a deep understanding of target markets, creating differentiated products, building a strong brand image, and establishing a robust customer relationship management (CRM) system. Furthermore, leveraging digital marketing tools is crucial for standing out in a competitive market and achieving sustainable growth. By embracing these strategies, foreign trade businesses can enhance their market presence and foster long-term success.

02/03/2026 Customs Knowledge
Read More
Chinas Foreign Trade Hits Record Growth Amid Rising Market Entrants

Chinas Foreign Trade Hits Record Growth Amid Rising Market Entrants

In 2025, China's total foreign trade volume reached a record high, growing by 3.8% year-on-year, marking the ninth consecutive year of positive growth. Exports of high-tech and green products were particularly strong, and the vitality of private enterprises increased. The year saw a record 1.256 million new foreign trade companies registered, the highest in the last five years. Guangdong province led the nation in the number of foreign trade enterprises, indicating significant market potential.

02/05/2026 Logistics Industry Insights
Read More
Guide to Understanding the NOKUSD Exchange Rate

Guide to Understanding the NOKUSD Exchange Rate

This article provides a comprehensive analysis of the real-time Norwegian Krone (NOK) to US Dollar (USD) exchange rate. It delves into the key factors influencing the rate and offers best practices and precautions for currency conversion. The analysis also examines the impact of exchange rate fluctuations on various groups and provides insights into future exchange rate trends. The aim is to empower readers to understand the NOK/USD exchange rate and make informed financial decisions. Understanding these dynamics is crucial for anyone involved in international finance or trade.

08/28/2025 Exchange Rate Query
Read More
Can Rubles Be Used for Export Customs Declarations

Can Rubles Be Used for Export Customs Declarations

This article discusses the use of rubles as a currency in export customs declarations. According to customs regulations, the declaration must select a currency listed in the currency code table, which does not include rubles. Although there are differing opinions on the matter, it is advisable to consult customs brokers for a better understanding of the requirements and operational standards set by various customs authorities.

07/28/2025 Customs Knowledge
Read More