AAEI briefing European businesses on 10+2

The American Association of Exporters and Importers will provide a progress report to European businesses on the major U.S. trade security and compliance programs, including the Interim Final Rule on Importer Security Filing (ISF), also known as “10+2.”
  

AAEI President and Chief Executive Officer Marianne Rowden will report on “10+2” from an importer’s perspective at the 21st European Customs Law Conference this week in Linz, Austria.
  

“European businesses want to know about the costs and the potential barriers ‘10+2’ poses to trade facilitation,” Rowden said. “The costs of ‘10+2’ compliance are still unknown.”
  

U.S. Customs and Border Protection will begin full enforcement of “10+2” in January 2010, and the regulation potentially carries heavy financial penalties for compliance failure. AAEI filed comments on “10+2” with CBP last month.
  

“We are collecting information from our members as they experience the first stages of 10+2,” Rowden said, “and we have been urging CBP to reevaluate the program.”
  

The rule requires cargo information, for security purposes, to be transmitted to CBP agents at least 24 hours before goods are shipped to the U.S

 

(Source: American Shipper).