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Posts tagged #TradeModernization

Citizen Portal News US
Citizen Portal News US
@citizenptnewsus.bsky.social
2 months ago
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Committee votes 7‑0 to send resolution urging CBI modernization and formal USVI role to Rules The Economic Development & Agriculture Committee unanimously voted to report Resolution 36‑0194, which urges Congress and the U.S. Trade Representative to modernize the Caribbean Basin Initiative (CBI), expand eligible services (digital, clean energy, services), permanently reauthorize the program, and formally include the U.S. Virgin Islands as a stakeholder/implementation partner.

Senator Angel Bocas Jr. is pushing for a major overhaul of the Caribbean Basin Initiative, aiming to elevate the U.S. Virgin Islands as a key partner in modernizing trade for a climate-resilient future.

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#US #ClimateResilience #TradeModernization #CitizenPortal #DigitalServices

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Citizen Portal News US
Citizen Portal News US
@citizenptnewsus.bsky.social
2 months ago
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Guam hearing spotlights plan to adopt UN trade customs system to modernize ports and recover lost revenue Agency witnesses urged passage of Bill 234-38 to adopt UNCTAD's ASYCUDA customs-management platform, citing improved revenue capture, public-health screening and border security; estimated upfront cost is roughly $2 million, with a 24'2-month implementation timeline and an annual maintenance estimate of about $150,000. No committee vote was taken.

Guam is on the verge of a major transformation as lawmakers consider adopting a UN-backed customs system that could recover millions in lost revenue and modernize outdated processes.

Learn more here!

#US #TradeModernization #RevenueRecovery #CitizenPortal #PublicHealthSafety

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