WASHINGTON, DC--UPS said it applauds US President Obama on taking decisive action to reduce a major barrier to US exports. By completing the International Trade Data System (ITDS), the processing and approval times for US businesses that export American-made goods and services will be cut from days to minutes, the company said.
“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 US borders.”
President Obama signed an Executive Order February 20 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.