THE NEW TRADE FACILITATION AGREEMENT:
IMPLICATIONS FOR U.S. EXPORTERS
Mark J. Segrist
Managing Member – Chicago Office
Sandler, Travis & Rosenberg, P.A.
Bureaucratic delays and “red tape” pose a burden for moving goods across borders for traders. Trade facilitation – the simplification, modernization and harmonization of export and import processes – has therefore emerged as an important issue for the world trading system.
On February 22, the WTO announced that the historic Trade Facilitation Agreement (TFA) negotiated at the 2013 Bali Ministerial Conference had taken effect. The TFA contains provisions for expediting the movement, release and clearance of goods, including goods in transit. It also sets out measures for effective cooperation between customs and other appropriate authorities on trade facilitation and customs compliance issues.
WTO estimates show that the full implementation of the TFA could reduce trade costs by an average of 14.3% and boost global trade by up to $1 trillion per year, with the biggest gains in the poorest countries.
Mark Segrist will examine the TFA implementation protocols, their timing, and implications for U.S. exporters.
Mr. Segrist holds a J.D. from the John Marshall Law School and a B.S. in business administration from the University of Nebraska. He is admitted to practice before the U.S. Court of International Trade, the U.S. District Court for the Northern District of Illinois and the Illinois Supreme Court. He is a member of the bar in Illinois, the Chicago Bar Association’s Customs and International Trade Law Committee, and the Chicago Customs Brokers and Forwarders Association. He is proficient in German.
Wednesday, April 19, 2017
6111 North River Road, Rosemont, IL
11:45 a.m. – Registration
12:00 p.m. – Luncheon Program
2:00 p.m. – Adjourn
ITA/GC members and their guests – $50; Non-members – $75
Please Make Your Reservations Early: Contact the ITA/GC by 4:00 p.m., Monday, April 17
Tel: 773/725-1106 firstname.lastname@example.org Fax: 773/725-2294