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Executive Order To Improve Trade |
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On February 19, 2014 President Obama signed an executive
order establishing a single portal for companies to submit
information the government requires prior to approving
imports or exports of goods.
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The Executive Order directs government agencies to to make
all the necessary arrangements in order to have the
International Trade Data System (IDTS) in place by December
31, 2016. |
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“The ITDS, as described in section 405 of the Security and
Accountability for Every Port Act of 2006 (the "SAFE Port
Act") (Public Law 109-347), is an electronic information
exchange capability, or "single window," through which
businesses will transmit data required by participating
agencies for the importation or exportation of cargo.” |
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A streamlined process would make it easier for small
businesses with limited resources to gain access to
international trade. |
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Sources:
Executive Order
By Owen
Daniels
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