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The History of Global Trade, De minimis, & Customs Processes | Decoding Cross-Border Ecommerce—Ep 40
Manage episode 450319250 series 3554254
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Global trade, customs procedures and regulations, de minimis… how did they come to be? Where did it all start? In this week’s episode of the Decoding Cross-Border Ecommerce podcast, hosts Clint Reid, Founder and CEO of Zonos, and Aaron Bezzant, Zonos’ Head of Global Trade Strategy, delve into the fascinating history of "de minimis" thresholds and how they evolved in global trade. Journey back through time as they explore the origins, legal principles, and pivotal historical shifts that led to today’s de minimis standards. From ancient Rome to modern customs, discover how the de minimis evolved to simplify small-value trade and support a rapidly globalizing economy.
Related links:
De minimis guide:
Section 321 blog:
https://zonos.com/blog/section-321?utm_source=youtube&utm_medium=video-link&utm_campaign=podcast
Learn more about Zonos:
https://www.zonos.com/?utm_source=youtube&utm_medium=video-link&utm_campaign=podcast
[00:00:00] Opening clip
[00:10:21] Intros
[00:14:00] What is de minimis?
[00:16:15] Classical period
[00:18:00] Medieval period
[00:19:27] Early modern period
[00:20:58] 19th century - beginning of standardization
[00:22:19] 20th century standardization
[00:24:04] Post-WWII - WCO
[00:25:20] Today’s state of trade and recap
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