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In the News: USMCA, Customs System, AEO Agreement

Tuesday, October 30, 2018
Sandler, Travis & Rosenberg Trade Report

No USMCA signing until steel and aluminum tariffs removed, Mexican minister says

“Echoing what Canadian officials have said recently, Baker said Mexico won’t accept any American proposal to agree to a quota system on metals as a way for the U.S. to remove the duties.”

[Toronto Star]

Egypt in talks with U.S. to develop customs system

“Egyptian and US officials sat down on Thursday evening to discuss America’s assistance and support to the Egyptian Customs Authority to modernize Egypt’s customs system, achieving full implementation of the single-window system which helps the speed and accuracy of work, along with tightened customs control leading to facilitating better trade and attracting investment.”

[Egypt Independent]

China, Japan sign agreement on mutual AEO recognition

“Under the agreement, companies that obtain AEO status in the two countries will enjoy simplified customs procedures, such as reduced examination or prioritized clearance, when they export products to the other country. After the agreement becomes operational, the customs clearance time for companies on both sides is expected to be cut by 30 to 50 percent.”

[Global Times]

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