The Retail Industry Leaders Association (RILA) applauded the introduction of legislation today that would increase the value of goods brought into the United States duty free, to $1000.
Kelly Kolb, vice president of global supply chain policy offered the following statement:
The Customs De Minimis Adjustment Act of 2010, introduced by. Rep. Bill Owens (D-NY) would increase the value of goods that can be brought into the United States duty free, from $200 to $1000 and without customs entry procedures. Under the current law, the de minimis amount has been set at $200 for well over a decade.
“With the increases in demand over the last 17 years and higher inflation, raising the limit on duty free goods entering the U.S. makes perfect sense.
“We commend Congressman Owens for introducing legislation that will help make it more cost-effective and efficient for businesses to bring goods into the United States, thereby creating more opportunities for trade, boosting economic growth and lowering prices for consumers.
RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.
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Brian Dodge SVP, Communications & State Affairs Phone: 703-600-2017 Email: brian.dodge@rila.org