Just days after the President met with the Uruguayan Prime Minister to discuss trade on May 12th at the White House, U.S. Customs & Border Protection and Uruguayan Foreign Affairs signed a customs mutual assistance agreement (CMA). The Head of State meeting and subsequent execution of the CMA highlight the importance of international trade as a critical element of U.S. foreign policy. As indicated by the 65% increase of Uruguayan exports to the U.S. over the past decade, developing nations in the Western Hemisphere are becoming increasingly important trading partners of the United States. CMAs modernize international trade processes and policies and are instrumental to the economic growth of the U.S. and its trading partners.
For global logistics and trade compliance professionals, 2022 has been the year of significant changes, and CBP is keeping us on our toes as secure trade becomes an even greater focus across companies and customs organizations worldwide. As a business, your goal is to keep goods moving seamlessly, which is why it’s more important now than ever to understand how changes to the program will affect operations across your enterprise.