In the trade, there is much buzz about US Customs’ ongoing Trade Transformation efforts, by which the agency seeks to facilitate and secure US imports and exports by:
- Driving down transactions costs to the trade
- Creating efficiencies that result in expedited clearance and review processes; and
- Aligning security and trade targeting and enforcement efforts around an “all-threats” agenda.
Many of the initiatives that comprise Trade Transformation, such as ACE improvements, Simplified Entry, and Centers of Excellence and Expertise, have been reported on extensively in this blog and elsewhere. But for those who like to look at the “big picture,” US Customs, in its July 2012 CBP Trade Newsletter (page 8), provides the following graphic (reprinted below) that shows these initiatives in the context of the trade timeline.