Obama Signs Order to Speed Up Import/Export Reporting

Obama Signs Order to Speed Up Import/Export Reporting

Obama Executive Order, endorsed by UPS, creates ‘single window’ for export/import data from US companies.

Obama’s signing of the Executive Order creates the International Trade Data System (ITDS) which streamlines the process of import/export approval from days to possibly minutes.  Endorsed by UPS, the belief is that this will greatly assist the small and medium-sized companies that depend on global trade to grow and reach the 95 percent of consumers that live outside U.S. borders.

Find out more about the International Trade Data System on IndustryWeek’s companion site, mhlnews.com

 

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