UPS Applauds the Obama Administration on Streamlining the Export-Import Process

Discussion in 'UPS Pressroom News' started by ROBO MOD, Feb 19, 2014.

  1. ROBO MOD

    ROBO MOD I'm a Robot Staff Member

    Creating a Single Window Will Deliver Immediate Measurable Benefits to America's Businesses

    UPS® (NYSE: UPS), a global logistics provider and leading advocate for global trade, commends 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," said 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."

    President Obama today 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.

    Davis is a member of the President's Export Council, which has supported the goal of a single window to help facilitate commerce and increase compliance with trade laws.