Rise of Ecommerce Creates New Risk Scenarios for Customs Agencies
Across America, individuals and small businesses are increasingly buying and selling goods and services online. According to U.S. Census Bureau, the total online transactions in the U.S. grew from $3 trillion in 2006 to $5.4 trillion in 2012, to about a third of U.S. GDP. Increasingly, these transactions are cross-border: the United States is the world’s most popular market for the world’s ecommerce shoppers, and itself has 34 million online shoppers that buy from abroad. Beh