Hello, I am Jerry Greenwell, the Trade Ombudsman for the U.S. Census Bureau’s Foreign Trade Division.
Many of you have been waiting patiently for the release of the new Foreign Trade Regulations, which is referred to as the FTR.
That time has finally arrived. The new FTR has been published in the Federal Register.
The FTR becomes effective thirty days from publication.
We are also providing the trade an additional ninety days to implement the new requirements.
After the 90 day implementation period, you must file your export information electronically through the Automated Export System.
So, how do the new regulations affect you? If you file paper Shipper’s Export Declarations, STOP!
These new regulations have tougher penalty provisions that affect everyone in the export process.
Also, all AES filers are faced with new filing deadlines by mode of transportation for reporting export information.
We are entering a new era on export compliance.
Do you want to know more? Click on the link below for additional details.