Trade Prompt™ No. 002

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T r a d e

P r o m p t

No. 002 | 08 2024

Why Trade Compliance Pros Should Care About ChatGPT
Tariff Updates | New Age GTM | AI & Forced Labor

Update on ChatGPT, AI Advances & Trade Compliance

ChatGPT 4o just gave AI and trade a brain boost. Now, AI assistants are cracking trade compliance puzzles faster than you can say 'harmonized tariff schedule.'

From decoding complex regulations to analyzing product images, their new superpowers are transforming compliance workflows. But, don't worry, you're still the compliance captains. Read more…

“No Problem” Tariff Updates

It’s now possible to say goodbye to manual tariff updates. The latest automation and integration gives importers accurate, affordable, and timely tariff alerts without lifting a finger.

For pennies per update, it's as easy as, well, saying, “No problem.”. Read more…

New Age Global Trade Management Systems

Traditional GTM systems, meet your match. New SaaS solutions are revolutionizing global trade management with AI-assisted automation and real-time compliance updates.

Discover how you can cut implementation times, cut costs, and stay ahead of regulatory changes without breaking a sweat. It's time to trade up your trade management. Read more…

Highlight on AI-Assisted Tools: ChatFL

Supplier risk assessment at the product level
Comprehensive analysis of SKU-level supply chains in seconds
Identification of missing documents
And more…

Schedule A Demo

Featured Partner

Vigilant Global Trade Services offers expert trade management services for the importing, exporting and free trade community by providing skilled humans to perform import and export classification, sanctions/restricted party screening and due diligence, risk assessment, free trade agreements and logistics support.

As a KYG Trade partner, Vigilant is part of an automated but human-in-the-loop solution. Read more…

Did you miss our ICPA webinar on AI and Trade?

Don’t worry, we have an upcoming webinar that may pique your interest.

AAFA Presents: “AI-Assisted Classification, FTA Qualification, and Forced Labor Compliance”

August 29th, 2:00 PM ET

View past webinars on our website. See more…

Trade Research Prompt of the Month

“What is the HS code and associated customs rulings for a woman's sweater constructed of 100% cashmere, double-knit fabric?”

The HS code for the Women's sweater constructed of 100% cashmere double-knit fabric is 6110.12.1020. This classification falls under 'Articles of apparel and clothing accessories, knitted or crocheted' with a specific description for 'Sweaters, pullovers, sweatshirts, waistcoats (vests) and similar articles, knitted or crocheted: Of wool or fine animal hair: Of Kashmir (cashmere) goats: Wholly of cashmere: Sweaters: Women's or girls'.

The relevant ruling supporting this classification is NY I81160 from April 25, 2002. In this ruling, it was determined that a women's sweater constructed of 100% cashmere double-knit fabric is classified under HS code 6110.12.1020. Sources: Ruling I81160. See more prompts…

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KYG Trade is an AI-assisted, open platform for trade that makes many systems work as one. It saves time, reduces errors, cuts costs, and improves risk management.

Quickly collect and connect product data to trade regulations using advanced technology to automate global trade compliance. Meet Kay 1.0.