Commissioner Šemeta welcomes EU-US mutual recognition of safe traders
The EU and the US agreed to mutually recognise each others' "secure traders" programmes. The EU's authorised economic operators' programme, and its US equivalent, allow security certified operators to benefit from quicker and simpler customs procedures.
Following this agreement Commissioner Šemeta said: "This means that smooth trade and secure trade will now go hand-in-hand. In recognising each other's safe traders, we are enabling them to enjoy lower costs and simpler procedures at customs, as well as greater predictability and fewer delays in moving goods."
The mutual recognition decision will bring huge benefits for certified businesses and traders, when it will become operational in June 2012, in terms of reduced costs and time delays, less red tape, greater ease and predictability in the movement of their goods, and new trade opportunities. It will also allow customs on both sides of the Atlantic to focus their resources on real risks, thereby ensuring greater supply chain security.
IP/11/1481 on Transatlantic Economic Council