On Aug. 4, during a Detroit Field Office virtual trade week event, U.S. Customs and Border Protection (CBP) advised trade to be on the lookout for the Federal Register notice that will officially launch the Customs-Trade Partnership Against Terrorism (CTPAT) Trade Compliance program, putting an end to Importer Self-Assessment.
The Importer Self-Assessment (ISA) Program was absorbed into CTPAT as CTPAT Trade Compliance back in March 2020. Security and compliance are now part of the U.S. Authorized Economic Operator (AEO) Program.
CBP hopes to have the formal Federal Register announcement published by the end of the calendar year alongside a handbook for industry guidance.
CTPAT TRADE COMPLIANCE FAQS
What is Trade Compliance?
Trade compliance refers to an importer’s ability to meet regulatory requirements administered by CBP and other government entities.
CBP’s goal is to partner with importers who can demonstrate their readiness to assume the responsibility of managing and monitoring their compliance through self-assessment.
Why should an Importer consider joining the CTPAT Trade Compliance Program?
The CTPAT Trade Compliance Program provides opportunities for importers who demonstrate a commitment to compliance to receive related benefits that are meaningful, measurable, and reportable. The Program offers benefits to importers who demonstrate a commitment to ensuring compliant import transactions.
Visit the CTPAT Trade Compliance FAQ website for more information.
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