Obama Signs Executive Order To Trim Trade Red Tape

Law360, New York (February 19, 2014, 6:20 PM EST) -- President Barack Obama on Wednesday signed an executive order to speed up the creation of a single, electronic portal for businesses to submit information related to shipments that cross U.S. borders, a move intended to save time and money for importers and exporters.

The executive order calls for the development, by the end of 2016, of an International Trade Data System that would allow businesses to provide import and export data to the U.S. government through a “single window,” according to a fact sheet put out...
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