Advantages of entering CPTPP, Customs Sample Clauses

Advantages of entering CPTPP, Customs. The enhanced customs commitments in the CPTPP region will benefit exporters through increased efficiency at the border and expedited release of goods. This should lead to a lower cost of trade, and simplified customs procedures for traders. CPTPP will require Customs agencies to provide advance valuation rulings for imports which would provide certainty and predictability for New Zealand exporters, and would make compliance with Customs laws, regulations and requirements easier. New Zealand businesses often report that uncertainty about the treatment of their goods can represent a significant cost or barrier to trade. The New Zealand Customs Service would require some additional resources to administer advance rulings on customs valuation19, but the cost of this would be outweighed by the benefit to New Zealand exporters of advance valuations in other CPTPP countries. The chapter would also support the New Zealand Customs service in its mission to protect New Zealand’s borders, with mechanisms for closer cooperation between other customs agencies, including information sharing aimed at aiding in the investigation of fraudulent activities by traders.
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