Today, what’s made in Oregon isn’t likely to stay in Oregon-- or even in America. Small businesses and their online commerce are growing – especially in Oregon -- and customs law needs to reflect the increasingly global marketplace.
That’s why Senator Wyden (D- Ore.) and Senator Thune (R- S.D.), introduced the Low Value Shipment Regulatory Modernization Act of 2013, which raises the threshold at which shipments coming into the U.S. are exempt from tariffs from $200 to $800.
Raising the threshold makes it easier for small businesses who depend on the global marketplace to operate more efficiently and avoid some of the high costs associated with shipping internationally. Businesses can more efficiently move goods across borders and receive returns from international customers faster and at lower cost. As the government’s administrative costs for shipments $800 or less are significantly reduced, taxpayers win too.
Bottom line: the Low Value Shipment Regulatory Modernization Act allows small businesses to focus on growing their business and for international e-commerce to be quick commerce.