CBSA signs Mutual Recognition Agreement with Peru to enhance supply chain security, facilitate trade and strengthen the economic competitiveness of Canadian businesses

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CBSA signs Mutual Recognition Agreement with Peru to enhance supply chain security, facilitate trade and strengthen the economic competitiveness of Canadian businesses

Canada News Wire

OTTAWA, Ontario, June 23, 2022

OTTAWA (ON), June 23, 2022 /CNW/ – Strong partnerships between customs organizations and businesses enhance the security and integrity of our global supply chain.

Today, the Canada Border Services Agency (CBSA) announced the signing of a Mutual Recognition Agreement (MRA) with the National Superintendency of Customs and Revenue of the Republic of Peru (SUNAT) to honor everyone’s Trusted Trader programs. The signing took place on the margins of the Council sessions of the World Customs Organization in Brussels, Belgium.

This MRA will help increase international supply chain security, facilitate border trade and strengthen the economic competitiveness of Canadians doing business with Peru.

Members of from Canada The Trusted Trader, Partners in Protection (PIP) program can save time and money at the border as their imported goods are treated as low security risks. This ultimately means faster and more predictable customs clearance and helps protect Canadians by helping to prevent contraband from entering the country. This ARM means that Peru will recognize from Canada PIP program and facilitate customs clearance for PIP members. In turn, the CBSA will provide reciprocal benefits to members of from Peru Trusted Trader program, which is called their Authorized Trader program.

The CBSA signs MRAs with customs organizations around the world so that countries can recognize each other’s members and choose to honor similar benefits and security standards. It also means that countries will apply similar approval processes for program applicants. The overall goal of an MRA is to build trust and security in the supply chain as a method of preventing nefarious activities, such as cargo theft and looting.

Border management is a shared international responsibility. Threats and opportunities arising from global migration and trade are more effectively addressed by working together. Expanding the international network of accredited low-risk companies enables Customs administrations to focus on targeting shipments of higher or unknown risk.

Quotation

“The CBSA is a fully engaged and active member of the World Customs Organization, regularly cooperating with its global partners to build trust and security in the supply chain. This mutual recognition agreement will help increase international supply chain security, facilitate cross-border trade and strengthen the economic competitiveness of Canadians who do business with Peru.”

Ted Gallivan
Executive Vice President, Canada Border Services Agency

Fast facts

  • Trusted Trader programs facilitate legitimate trading by providing streamlined border processes for pre-approved, low-risk trusted traders.

  • Supply chain security and integrity are enhanced through Customs-Business partnerships.

  • Trusted Trader programs also help the CBSA keep Canadians safe by allowing the agency to focus its resources on areas of high and unknown risk.

  • Peru is from Canada second bilateral trading partner of the South and central Americaand the second destination for Canadian direct investment in the region.

  • The 2009 Canada-Peru Free Trade Agreement is the cornerstone of our bilateral trade relationship. Canadian merchandise exports to Peru almost reached $1.1 billion in 2021, while Canadian merchandise imports Peru were close to $4 billion.

  • In addition to this ARM with Peruthe CBSA has signed MRAs with the customs administrations of Australia, hong kong, Israel, Japan, Mexico, New Zealand, Singapore, South Korea and United States.

Related links

Partners in Protection: Mutual Recognition
world customs organization

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SOURCE Canada Border Services Agency

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