In February, President Obama signed the Trade Faciliation & Enforcement Act--a.k.a. the Customs Reauthorization Bill--into law. The legislation does much more than simply reauthorize U.S. Customs & Border Protection (CBP), and several provisions will have an impact on brands and retailers.
OHL's Mary Jo Muoio, Senior Vice President of Trade Services, and Penny Ricas, Vice President of Global Account Management, dive deeper into the TFTEA with a focused review of the legislation's process simplification provisions.
CBP, along with trade working groups, have developed over 60 recommendations to improve the import process starting from the vetting of Trusted Trader programs, to filing an entry summary, the finalization of drawback claims, to liquidating entries. Hear about these concepts and consider how they can impact your business.
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