August 10, 2017
Canada and Australia sign Mutual Recognition Arrangement
Trusted Trader programs enhance the security and integrity of the global supply chain through the establishment of customs to business partnerships and by providing streamlined border processes to pre-approved, low-risk traders.
What's new: The Canada Border Services Agency (CBSA) and Australia’s Department of Immigration and Border Protection (DIBP) have signed a Mutual Recognition Arrangement (MRA). CBSA announced the signing on July 24, 2017.
With the new MRA, Australia is included as a partner in CBSA's "Partners in Protection" program and importers will receive trade facilitation benefits. Members of Australia’s “Trusted Trader” program will receive similar, reciprocal benefits when shipping to Canada.
The CBSA reports that Canada’s total exports to Australia in 2016 were valued at $1.96 billion Canadian Dollars, and Canada’s total imports from Australia in 2016 were worth over $2.0 billion.
Additional information about the MRA:
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