The European Commission has adopted a regulation aiming at increased security for shipments entering or leaving the EU and providing greater facilitation for compliant operators. It introduces a framework for better risk analysis of goods crossing EU borders. From 1 January 2008, reliable traders (Authorised Economic Operators) respecting high standard security criteria will benefit from trade facilitation measures and from 1 July 2009 the electronic exchange of advance information between traders and customs authorities on all goods entering or leaving the EU, will be introduced. The regulation also requires customs authorities to exchange information electronically on exports in order to speed up export procedures.
The measures introduced aim at increasing the level of protection offered by customs controls for goods entering or leaving the European Community.
These measures should produce faster and better targeted customs controls that facilitate legitimate trade but tighten minimum security and safety requirements. They consist of the introduction of a new risk management framework; granting the status of authorised economic operator to reliable traders; introducing the requirement for pre-arrival and pre-departure information to be given to the customs authorities on all goods brought into or out of the customs territory of the Community; facilitating information exchange between customs administrations. For more information
Posted in
Supply Chain Security (AEO)
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