Common use of Customs and Trade Facilitation Clause in Contracts

Customs and Trade Facilitation. The agreement is positive for traders from both sides as it goes further than the WTO Trade Facilitation Agreement of 2017. It provides enhanced rules of good governance for custom procedures and high levels of transparency. Business will be properly consulted prior to the adoption of new rules. The rules in force will be reviewed regularly to meet the needs of business and reduce red tape. Moreover, the EU and Mercosur will undertake to apply modern, and whenever possible, automated procedures for the efficient and expedited release of goods. The agreement recognises the importance of customs and trade facilitation in trade relations and in the evolving global trading environment. The chapter aims to boost EU- Mercosur trade by providing enhanced rules of good governance for customs procedures. The agreed text includes provisions resulting in maximum transparency, consultation of business prior to the adoption of new rules, streamlining of procedures, regular reviews of the rules in force with a view to meeting the needs of business, reducing red tape, and speeding up clearance – all the while ensuring enforcement. The EU and Mercosur will apply modern, and whenever possible, automated procedures for the efficient and expedited release of goods, resorting to risk management and pre- arrival sending of documentation in order to speed up clearance. Parties will have the possibility to develop joint initiatives including technical assistance, capacity building and measures to provide effective services to the business community. The agreement allows for cooperation in establishing mutual recognition of Authorised Economic Operator programmes, if they are compatible and based on equivalent criteria and benefits. In this area, the agreement goes beyond the WTO TFA. This is the case for consultation of business, transparency or measures applying to goods re-entering after repair. The detailed provisions ensure maximum transparency and give traders and the public access to relevant information on customs legislation and procedures. Stakeholders will have an opportunity to comment on new customs-related initiatives before their adoption.

Customs and Trade Facilitation. The agreement is positive for traders from both sides as it goes further than EU and Mexico are signatory parties of the WTO Agreement on Trade Facilitation (TFA) within the framework of the World Trade Organization. While the EU-Mexico Agreement of 2017currently in force contains only provisions on customs cooperation, the new agreement contains an ambitious Chapter on Customs and Trade Facilitation. It provides enhanced rules has been developed on the basis of good governance for custom procedures and high levels the provisions of transparencythe TFA, going even further in certain areas. Business will be properly consulted prior to the adoption of new rules. The rules in force will be reviewed regularly to meet the needs of business and reduce red tape. Moreover, the EU and Mercosur will undertake to apply modern, and whenever possible, automated procedures for the efficient and expedited release of goods. The agreement recognises the importance of customs and trade facilitation in trade relations and in the evolving global trading environment. The chapter This Chapter aims to boost EU- Mercosur EU-Mexico trade by providing agreeing on enhanced rules of good governance for customs procedures. The agreed text includes provisions resulting in maximum transparency, consultation of business prior to the adoption of new rules, : streamlining of procedures, regular reviews making them more efficient, and thereby saving time, money and red tape for all companies. It sets common principles and provides for enhanced cooperation and exchange of information between the customs authorities of the rules in force EU and Mexico with a view to meeting facilitate, where possible, import, export and transit requirements and procedures. Substantial provisions on transparency ensure that the needs of businesstraders and public has access to relevant information on customs legislation, reducing red tape, decisions or administrative policies and speeding up clearance – all the while ensuring enforcementthat for new customs-related initiatives interested persons have an opportunity to comment before their adoption. The EU and Mercosur will Mexico undertake to apply modernsimplified, modern and whenever possible, where possible automated procedures for the efficient and expedited release of goods, resorting where appropriate to risk management management, streamlined requirements on data and pre- documentation, release of goods at the first point of arrival, and pre-arrival sending of documentation in order to speed up clearance. Parties will have the possibility to develop joint initiatives including technical assistance, capacity building and measures to provide effective services to the business communityprocessing. The agreement allows EU and Mexico will issue, upon request, binding preliminary information to traders on the tariff classification of goods and origin (advance rulings), which will provide them with legal certainty and stability in the customs treatment of their international trade. In addition, the EU and Mexico will provide for cooperation an impartial and transparent system for addressing complaints by operators about customs rulings and decisions. With a view to expediting procedures, they will adopt and maintain risk management systems for high- risk goods and post-clearance audits to ensure compliance with customs and other related laws or regulations. The EU and Mexico will cooperate in establishing the mutual recognition of their Authorised Economic Operator Operators programmes, if they provided that the programmes are compatible and based on equivalent criteria and benefits. In this areaFurthermore, the agreement goes beyond the WTO TFA. This is the case for consultation of businessEU and Mexico agreed on enhanced provisions regarding other areas such as penalties, transparency or measures applying to goods retransit, single window, customs brokers and pre-entering after repair. The detailed provisions ensure maximum transparency and give traders and the public access to relevant information on customs legislation and procedures. Stakeholders will have an opportunity to comment on new customs-related initiatives before their adoptionshipment inspections.