With no Cinderella story last night, as of October 1, 2013 at 12:01 AM, the Federal Government is officially shut down. As a result, all “non-essential” federal workers will be furloughed and federal agencies cannot continue their routine operations. However, not all agency operations will cease. Agencies can continue to provide essential services and those funded outside the appropriation process. While the length of the shutdown still remains uncertain, there will be a clear impact on trade operations both domestically and around the globe.

The shutdown will have varying effects on each government agency. For importers, Customs and Border Protection (CBP) will retain up to 90 percent of its existing employees, while for exporters, the Commerce Department's Bureau of Industry and Security (BIS) will retain only 40 percent of its personnel.

Please see full alert below for more information.

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Topics:  Customs and Border Protection, Department of State, Essential Employees, FDA, Furloughs, Government Shutdown, OFAC, U.S. Commerce Department

Published In: General Business Updates, Elections & Politics Updates, Immigration Updates, International Trade Updates, Labor & Employment Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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