Supply Chain Leaders Laud International Trade Data System Completion
February 20, 2014 - SCMR Editorial
Supply chain giant UPS – which has long been a leading advocate for global trade – issued appropriate praise for President Obama on taking decisive action to reduce a major barrier to U.S. exports.
By completing the International Trade Data System (ITDS), the processing and approval times for U.S. businesses that export American-made goods and services will be cut from days to minutes.
“This Executive Order will be beneficial to improving our supply chain efficiency and moving goods and services that cross our borders,” says Scott Davis, UPS chairman and CEO. “This change will be particularly meaningful to our small and medium-sized customers that depend on global trade to grow their businesses and reach the 95 percent of consumers that live outside U.S. borders.”
Earlier this week, President Obama signed an Executive Order that will streamline the export/import process by allowing businesses to electronically transmit, through a “single window,” the data required by each of the U.S. Government agencies to import or export cargo. The Executive Order instructs all agencies to be compliant with the system by December 2016.
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