Obama will sign executive order to speed exports, imports

The Washington Examiner reports:

President Obama on Air Force One Wednesday will sign an executive order to streamline U.S. exports and imports, according to the White House.

The directive “cuts processing and approval times from days to minutes for small businesses that export American-made goods and services by completing the International Trade Data System by December 2016,” the White House said.

Under the current system, some businesses are required to provide information to dozens of government agencies, which leads to a multi-day wait to move certain goods across the border.

With the president’s latest executive order, the new information system “will allow businesses to electronically transmit, through a ‘single-window,’ the data required by the U.S. government to import or export cargo.”