Customs deal helps propel exports by setting global standards
UPS (NYSE: UPS), commends the 110 countries who ratified the Trade Facilitation Agreement (TFA), a pact that will raise standards for customs processing and allow exports to reach their destinations more quickly and efficiently.
“TFA ushers in a new customs framework, making businesses more competitive and facilitating their growth through exports,” said David Abney, UPS Chairman and CEO. “By creating smarter rules that simplify how goods cross borders, this agreement will streamline the flow of commerce to meet the demands of the 21st-century economy.”