WTO's 2023 World Trade Report Calls for "Re-Globalization"
The World Trade Organization (WTO) released its 2023 World Trade Report, urging “re-globalization” in response to signs of trade fragmentation. The report highlights the benefits of broader economic integration and global cooperation to address security, poverty, inequality, and environmental sustainability issues. Despite emerging trade tensions, the report emphasizes the crucial role of trade openness in tackling a variety of global challenges. Read the 2023 World Trade Report.
CBP Teases Rulemaking on E-commerce Pilot Programs
U.S. Customs and Border Protection (CBP) indicated this week that it expects to publish a notice of proposed rulemaking on required data submissions related to e-commerce. The rules would apply to de minimis shipments for Section 321 and Entry Type 86 imports. Brandon Lord, the CBP official responsible for the two pilot programs, acknowledged at the National Customs Brokers & Forwarders Association’s (NCBFAA’s) 2023 Government Affairs Conference in Washington, DC, that an NPRM is “the highest priority” at CBP. However, he did not indicate when the proposed rulemaking will be published. Imports valued at $800 or less are eligible for duty and tax-free entry into the U.S. For more information on the Section 321 Data Pilot, please click here.
COAC to Hold Quarterly Meeting Next Week
U.S. Customs and Border Protection (CBP) announced that the Commercial Customs Operations Advisory Committee (COAC) will have its next quarterly meeting on Wednesday, September 20, 2023. It will be open to the public only as a virtual meeting. There is no on-site, in-person option for the public. The agenda includes votes and updates from COAC’s subcommittees and working groups, including the Intelligent Enforcement Subcommittee, the Next Generation Facilitation Subcommittee, the Rapid Response Subcommittee, and the Secure Trade Lanes Subcommittee, which is making recommendations on de minimis shipments. For more information, see CBP’s updated COAC webpage.
CBP Announces Dates for 2024 Trade Summit
U.S. Customs and Border Protection (CBP) announced the dates today of its 2024 Trade Facilitation and Cargo Security Summit. The event will be held March 26-28, 2024, in Philadelphia at the Philadelphia Marriott Downtown hotel. CBP says the event will be hosted in person and webcasted. See the flyer.
