MRA Takes Effect on AEO Recognition Between Singapore and Australia
A mutual recognition arrangement between Singapore and Australia on authorized economic operator programs takes effect May 15, Singapore Customs said in a May 6 circular. Under the MRA, members of trusted trader programs in Singapore and Australia -- Secure Trade…
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Partnership and Australian Trusted Trader, respectively -- will now receive “facilitated customs clearance” in the other country. Singapore companies that are non-members of STP but are exporting to or importing from ATT companies, and Australian companies that are non-members of ATT but are exporting to or importing from STP companies, may still receive benefits if they include their business partner’s AEO code on their export or import declaration.