Proposed changes to the Consumer Product Safety Commission’s (CPSC) certificate of compliance requirements could add complexities and significantly alter the way most companies manage their logistics for inbound freight to the U.S., according to the Toy Industry Association (TIA). The changes could more than double compliance costs for children’s product companies—from an approximate $15 million annual spent to comply with current certification requirements to nearly $34 million annually. Comments on the proposal are due to the CPSC by July 29.
Under the amended rule, companies that import regulated finished products manufactured outside of the U.S. would be required to file product certificates electronically with the U.S. Customs and Border Protection (CBP) prior to importation in conjunction with other customs entry documents. Additionally, certifications would have to be identified prominently on the finished product, shipping carton, or invoice with a unique identifier and be accessible online without password protection.
TIA will be submitting comments to the CPSC by the deadline regarding the content requirements of the certificate, the economic impact of the certification rule, the logistics of electronic certification, and more. Members may contact TIA’s Rebecca Mond with any feedback to be included in the submitted comments, or to receive additional information about the rule’s impact. Comments on behalf of individual companies may be submitted directly to the CPSC at www.regulations.gov (docket number CPSC-2013-0017).
Proposed changes to the Consumer Product Safety Commission’s (CPSC) certificate of compliance requirements could add complexities and significantly alter the way most companies manage their logistics for inbound freight to the U.S., according to the Toy Industry Association (TIA). The changes could more than double compliance costs for children’s product companies—from an approximate $15 million [...]
Building on the success of its Batman: Arkham City and Injustice: Gods Among Us action figure lines, DC Collectibles has announced two, all-new product lines based on upcoming Warner Bros. Interactive games Infinite Crisis and Batman: Arkham Origins. This marks DC Collectibles’ first depiction of characters from Inifinite Crisis, which begins with the Nightmare Batman [...]
Lego Mindstorms EV3 and SparkTruck have teamed up to create the ultimate maker mobile that will tour this summer to invigorate the maker spirit of children across the country. Mindstorms EV3, the new consumer platform designed to introduce a younger generation to the excitement of robotics, partners with SparkTruck, the mobile prototyping truck that began [...]
By Howard N. Aronson, Managing Partner, Lackenbach Siegel LLP Like the proverbial child who runs away from home only to return before nightfall, an American toymaker is bringing most of its manufacturing back to the U.S.—after more than a decade of outsourcing in Asia. The decision of K’NEX Brands, a family-owned maker of plastic building toys, [...]
Since the domestic market is flat, American toy companies are increasingly becoming interested in exporting, says Carter Keithley, TIA President, who also informs about the New York Toy Fair, the importance of licensing for the toy business, the trends in the U.S. marketplace, and the Association’s activities. by Daniele Caroli, editor, Giochi & Giocattoli In [...]
April 2, 2013 By Guest Blogger
By Carol Kwok, Corporate Communication Officer, Hong Kong Trade Development Council The largest Hong Kong promotion ever to take place in the U.S. will be held this summer to showcase Hong Kong’s advantages for American companies looking to tap new business opportunities in Asia, particularly on the Chinese mainland. Think Asia, Think Hong Kong will [...]