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In the Trade Term: EEI, I talked about all the different types of acronyms used in the export trade community. Some of you may still be trying to decipher that acronym-heavy sentence.
This leads me to the Trade Term: FTR.
The FTR stands for the Foreign Trade Regulations [PDF], Title 15 Code of Federal Regulations Part 30. It is vitally important that you know your role and responsibility in the export transaction under the authority of the FTR. The FTR sets forth the legislative mandate for reporting your Electronic Export Information (EEI) into the Automated Export System (AES). The FTR includes critical information for all parties involved in the export transaction, such as, but not limited to:
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