Roskam To Get Briefed in Barrington On the Adverse Effect Of New Foreign Trade Regulations on Exports

Barrington, IL -- (SBWIRE) -- 03/17/2014 -- Congressman Peter Roskam, of the Illinois 6th District, will visit Corporation for International Business (CIB) on Wednesday, March 19th to learn more about U.S. Foreign Trade Regulations which will adversely affect U.S. exports and companies in his District and, across the United States. Congressman Roskam, with his primary foreign policy staff member, Mike Dankler, will invest an hour on the 19th meeting with CIB business owners and meeting employees. Roskam is Chief Deputy Whip and serves on the key Committee on Ways and Means and its sub-committee on Trade which oversees Customs and Border Protection.

The Congressman will get a briefing on regulations scheduled to go into effect on April 5, 2014. These regulations will require U.S. businesses using the international temporary export document, the ATA Carnet, to file Electronic Export Information (EEI).

"The new regulations negatively impact thousands of businesses, large and small, that use the ATA Carnet to promote their products and services overseas. The ATA Carnet was designed to be a do-it-yourself, affordable system to take samples, goods for fairs and exhibitions, and tools of the trade abroad, temporarily. The new requirements present a significant administrative barrier to U.S. exporters trying to sell overseas, expand exports, increase American jobs, and adds to the cost of doing so," commented Bruce A. Wilson, Chairman of Kernow Capital Corporation, the parent of Corporation for International Business.

These regulations could also significantly hamper use of the ATA Carnet by foreign visitors to the U.S. which will reduce U.S. exports as well. Purchases made by business visitors to the U.S. of hotels, car rentals, meals etc. in the U.S. are counted as U.S. exports. For example, European symphony orchestras touring the U.S. make thousands of purchases (exports) with foreign funds in the U.S. while touring.

Corporation for International Business is a small, family business that has been operating in Barrington for 25 years. They issued 7,100 ATA Carnets for a total merchandise value of $2.35B in 2013.

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Producers, newscasters, designers, jewelers and overseas travelers with urgent needs are no longer hostage to airline schedules or weather delays.

Barrington, IL -- (ReleaseWire) -- 08/02/2013 -- Boomerang Carnets* now offers same-day carnet export document delivery in Midtown Manhattan for the convenience of local carnet users. Picking up a carnet in Manhattan saves the overnight shipping costs and avoids weather delays. Local carnet delivery makes Same Day and After Hours service more convenient as well. Boomerang carnets' Manhattan office is located at the street-level premises of Urban Express, 229 West 36th Street (between 7th and 8th Avenues), a Manhattan messenger service.

Corporation for International Business President Curt Wilson comments, "The expansion of our local delivery network to Manhattan provides convenience, cost savings, reliability and improved service. First, local Same Day delivery is more convenient because it doesn't rely on the airlines' counter-to-counter service which made us hostage to their schedules. Second, there are cost savings for Manhattan-area businesses that pick-up their carnet rather than pay for overnight delivery. Third, local delivery is more reliable because it avoids the inevitable inclement weather delays that plague overnight air couriers. Lastly, when quick turnaround is desired, we process a carnet in Illinois and deliver it in New York metropolitan area in a few hours."

Local pick-up and delivery accommodates the quick turnaround required for industries such as film and video production, news reporting and fashion. The enhanced Midtown delivery service supports the nearby jewelry industry as well. With a partner like Urban Express, carnet delivery is streamlined for anyone who is under time-pressure or prefers to pick-up their carnet locally.

Mr. Wilson adds, "We're pleased to add Midtown Manhattan to our network of local carnet delivery centers at O'Hare, DFW, LAX and JFK."

About *boomerang carnets
*boomerang carnets is a brand of Corporation for International Business, an appointed ATA Carnet Service Provider of the United States Council for International Business.

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