Customs Administration. 1. Customs procedures of each Party shall conform, where possible, and to the extent permitted by its respective laws, regulations and policies, to international standards and recommended practices established by the World Customs Organization. 2. Each Party shall ensure that its customs procedures are administered to facilitate trade in an impartial, uniform and transparent manner and avoid arbitrary and unwarranted procedural obstacles. 3. The Customs Administration of each Party shall periodically review its customs procedures with a view to exploring options for their simplification and the enhancement of mutually beneficial arrangements to facilitate trade between the Parties. 4. Each Party shall ensure that goods are released within a period no longer than that required to ensure compliance with its customs laws and regulations.
Appears in 8 contracts
Samples: Malaysia Australia Free Trade Agreement, Free Trade Agreement, Free Trade Agreement
