Trusted Trader programs (such as PIP, C-TPAT, AEO, NEEC, etc.) are internationally recognized and align with standards set forth in the World Customs Organization (WCO) SAFE Framework, focusing on supply chain security. What are the benefits of this program? What are the key benefits and how can  you get started? Allow us to explain:

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“We did it!” Those were the words of Chairman Gita Wirjawan, Indonesia’s trade minister, after hours of negotiations to reach a final deal between 160 countries. On December 7, 2013, for the first time in nearly two decades, agreements have been reached on a global trade pact approved by the World Trade Organization (WTO). It’s the first global trade deal to be agreed upon since the WTO formed in 1995.

The deal, now dubbed the “Bali Package,” could cut the costs of trade by 10-15%. The WTO states, “The objectives are: to speed up customs procedures; make trade easier, faster and cheaper; provide clarity, efficiency and transparency; reduce bureaucracy and corruption, and use technological advances.”

Estimates conclude that the agreement could boost the global economy by as much as $1 trillion. According to CNN, the agreement will also allow developing countries to continue to stockpile food to sell at subsidized rates to the poor.

The agreement is expected to be adopted by July of 2014. Full details of the agreement can be found here.

January 1, 2014 will mark 20 years since The North American Free Trade Agreement (NAFTA) took effect on that day in 1994. The agreement was originally signed by US President H.W. Bush in December 1992, taking the place of the Canada-United States Free Trade Agreement after Mexico expressed interest in participating. NAFTA was passed by the US Congress and subsequently signed into action by US President Bill Clinton in December of 1993. The signing and putting into force of NAFTA by  Canada, Mexico and the US created a trading trifecta that is now the largest in the world and set precedence for trade deals that have followed.

While the US and Canada had an existing trade relationship, the inclusion of Mexico proved beneficial for all involved, strengthening trade with the newly added nation. Since NAFTA took effect, Agri-View states that Mexico grew to become the second largest market for U.S. corn, the top market for U.S. sorghum and the premier market for distiller's dried grains with solubles (DDGS).

According to the latest figures available, NAFTA’s signatory nations’ trade increased from $297 billion in 1993 to $1.6 trillion in 2009.

See the full article from Agri-View on NAFTA’s 20th year here.