On July 12, Integration Point held a free webcast on “Incoterms: Rules of Engagement.” We discussed the meaning of each term and where responsibility is placed both from a transportation and Customs perspective, as well as best practices to minimize risks and costs.

During the webcast, some questions were unanswered due to time constraints. Our speaker, Jenae Ciecko, President of Copper Hill Inc., will answer them here.

After getting the designation of Major Defense Partner in 2016, India’s elevation to Strategic Trade Authorization Tier 1 by the U.S. gives it a wider access to U.S. high tech and military products without individual export licenses. U.S. Secretary of Commerce Wilbur Ross made this announcement during the Indo-Pacific Business Forum on July 30, 2018.

Already having a presence in the Wassenaar Arrangement, the Australia Group, and the Missile Technology Control Regime, India’s entry into STA 1 is a strategic step taken to create a niche in the competitive defense sector for India.

India’s upgrade to STA 1 – the first among Southeast Asia – would provide easier import of high-grade dual-use technology products by the Indian defense industry. U.S. companies will also be able to cater to the growing needs of Indian high technology and military customers.