U.S. Customs and Border Protection and the Canada Border Services Agency have increased and harmonized the value thresholds for expedited customs clearance to $2500, from $2000 in the US and $1600 in Canada. These actions deliver on a commitment under the U.S.-Canada Beyond the Border Action Plan to promote supply chain connectivity by harmonizing low-value shipment processes to expedite customs administration.
"Today's announcement will make it easier and faster for Canadian and American businesses to move goods across our shared border," said the Honourable Ed Fast, Minister of International Trade and Minister for the Asia-Pacific Gateway. "Increasing and harmonizing these thresholds will allow an additional 1.5 million shipments to be cleared on the day of arrival, instead of these goods being held up in customs clearance. This is another example of how our governments' Beyond the Border Action Plan will benefit importers and exporters and is laying the foundation for more jobs, growth and prosperity in both countries."
"Canadian and U.S. businesses are the true beneficiaries of the Beyond the Border Action Plan and the change implemented today," said Mike Tierney, president, UPS Canada. "Each day, more than $1.6 billion worth of goods cross our common border bringing the annual value of traded goods to more than $580 billion. Yet, every year $16 billion in trade activity has been lost due to border delays. This change will allow for swifter movement of goods for importers and exporters of all sizes."
Speed’s the story here, ultimately reducing time-to-market for all goods crossing the border by increasing supply chain transportation efficiency for all involved. It’s painless public sector steps like this that ripple positive economic impact. If this action benefits your business, further decrease your shipping costs with Data2Logistics. Their business intelligence technology, subject matter expertise and knowledge of the carrier marketplace will assist optimization of your transportation operations and reducing related expenses. They identify opportunities to develop partnerships with carriers and remove excess cost from your supply chain to boost your profitability.
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