Executive Order Will Simplify Export, Import Processes for U.S. Firms
Washington, D.C. – United States Trade Representative Michael Froman today welcomed the Executive Order of the President “Streamlining the Export/Import Process for America’s Businesses.” The President’s action will reduce the costs of trade, support new jobs, and allow companies to ship American-made goods around the globe at a faster rate. It follows the breakthrough agreement reached with U.S. leadership at the World Trade Organization’s (WTO) 9th Ministerial Conference in December, in which Members made binding commitments to expedite movement, release and clearance of goods, improve cooperation among WTO Members on customs matters, and help developing countries fully implement the obligations.
“This Executive Order helps to clear the way for American businesses large and small to compete and win in the global marketplace. The United States is a leader in facilitating trade around the world, but the President’s action ensures that the elimination of red tape begins here at home,” said Ambassador Froman. “In December, World Trade Organization Members committed to smart steps that will ease the flow of trade and make it possible to support more jobs and families through international commerce. Today, we’re ensuring that American companies and workers face fewer hurdles sending Made-in-America goods to global customers.”
The Executive Order mandates the completion of an International Trade Data System (ITDS) by December 2016. This new electronic system will cut red tape and reduce paperwork for U.S. firms operating in world markets and employing workers here at home. The White House factsheet on the Executive Order “Streamlining the Export/Import Process for America’s Businesses” can be found here.
More information on the WTO Trade Facilitation Agreement can be found here.
