Risk Management. 1. Each customs administration shall focus its inspection activities on high-risk shipments of goods and facilitate the clearance, including release, of low-risk goods in administering customs procedures. Additionally, customs administrations shall exchange information related to applied techniques on risk management, ensuring the confidentiality of the information. 2. Each Party shall endeavor to mutually accept the certification given to the economic operator by the customs administration of the exporting Party throughout its supply chain which follows international standards and promotes safer trade in cooperation with governments and international organizations. 3. The Parties shall fully implement the obligation under paragraph 2 within three years following the date of entry into force of this Agreement.
Appears in 26 contracts
Samples: Free Trade Agreement, Free Trade Agreement, Free Trade Agreement
