CCIA Supports Customs Reauthorization Legislation
The Computer & Communications Industry Association on Dec. 11 applauded customs reauthorization legislation passed by the House the same day, saying it will improve the ability of small businesses to “participate” in the global economy by raising the threshold at…
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which they must pay customs duties from $200 to $800. “This provision recognizes the great importance of Internet-facilitated physical trade,” CCIA CEO Ed Black said in a news release (here). “While trade in digital services is an important component of our Internet exports, there are great economic gains to be achieved from promoting cross-border trade in goods. When global digital platforms allow small businesses to reach consumers worldwide, everyone wins.”