Markets affected: (All)
Measure: On June 9, CT Strategies, in collaboration with CBP and the University of Houston’s BTI Institute, released a study assessing CBP’s CTPAT program. A synopsis of the final report is below.
Why this matters: The report provides current insight for companies considering CTPAT membership, existing members looking to maximize their program benefits, port authorities interested in improving operational efficiency, academic researchers focused on trade, and leaders in the international community that is concerned with the advancement of trade facilitation.
Summary: The study surveyed and interviewed CTPAT (Customs-Trade Partnership Against Terrorism) members and program administrators to examine the program’s effectiveness, identify areas of weakness, and provide suggestions for improvement. The report highlights that about half of CTPAT participants indicated that the benefits of CTPAT membership outweigh the costs and specific areas of recommended improvement noted in the study include:
·Promote unofficial benefits and individualized benefits by entity type
·Continue to improve program-wide consistency through policy, communication, and technology
·Provide increased, improved, and more frequent training/interactions for CTPAT officials, CBP stakeholders, and industry partners
·Develop and collect program data to accurately evaluate the Program’s progress and set a potential foundation for the development of return on investment (ROI) metrics for members
The above information appeared at https://ct-strategies.com/2021/06/09/cts-research-a-wholistic-assessment-of-cbps-ctpat-program/
More information: A copy of the study is available below.Assessment-of-Customs-Trade-Partnership-Against-Terrorism-CTPAT-Program-report