ASEAN Customs Heads Launch Action Plan to Implement Mutual Recognition Agreement
The directors-general of customs for all 10 Association of Southeast Asian Nations member states launched a joint plan to fully implement the ASEAN Authorized Economic Operator Mutual Recognition Agreement by 2025, Singapore Customs announced. The joint plan is based on…
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the Strategic Plan of Customs Development on AEO and was announced during the opening ceremony of the directors-generals' June 7 meeting in Singapore. Lawrence Wong, Singapore's minister for finance, told the gathering that the action plan "would enable successfully validated businesses to have reduced documentary and cargo inspections across all ASEAN countries, on top of other benefits." Wong also highlighted two other areas of customs collaboration -- greater work with ASEAN's major trading partners and common e-commerce standards.