Monday, October 20, 2014

U.S. MEXICO SUPPLY CHAIN AGREEMENT

U.S. Signs Mutual Recognition Agreement on Supply Chain Programs with Mexico

Tuesday, October 21, 2014
Sandler, Travis & Rosenberg Trade Report
U.S. Customs and Border Protection announced Oct. 17 its signing of a mutual recognition arrangement with Mexico that allows stronger collaboration between the Customs-Trade Partnership Against Terrorism and Mexico’s New Certified Companies Scheme. A CBP press release states that the goal of the MRA is to link the two programs “so that together they create a unified and sustainable security posture that can assist in securing and facilitating global cargo trade.” CBP adds that the MRA offers tangible and intangible benefits to program members, including fewer exams when shipping cargo, a faster validation process, common standards, efficiency for customs agencies and business, transparency between customs administrations, business resumption, front-of-the-line processing and marketability.
The U.S. has similar MRAs in place with New Zealand, Canada, Japan, Korea, Israel, Jordan, the European Union and Taiwan. CBP officials have said they are also pursuing an MRA with China.

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