EU-US agreement on global supply chain
4 May 2012, Brussels. Today an important step forward has been taken in EU-US trade relations and in securing the global supply chain. After several years of negotiations, the EU and USA have agreed to mutually recognise each other's "trusted traders".
Commissioner for Taxation and Customs Algirdas Šemeta said: "Today's agreement is a major step forward in the EU-US trade relationship. At a time when businesses need all the support they can get, this will make life easier and cheaper for many transatlantic traders. It will also help to ensure that security checks on traded goods are more focussed and effective, further improving the protection that customs provides for each and every citizen."
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