The Canada Border Services Agency announced Oct. 28 its signing of a mutual recognition agreement with the European Union’s Taxation and Customs Union to honor each other’s trusted trader programs.
Under this MRA members of Canada’s Partners in Protection program will have their goods treated as low-risk and cleared by EU Customs faster. The CBSA will do the same for members of the EU’s authorized economic operator program. Canada has previously established similar MRAs with the U.S., Australia, Hong Kong, Israel, Japan, Mexico, New Zealand, Peru, Singapore, and South Korea.
According to the CBSA, MRAs signify that countries apply similar security standards and validation processes when approving program applicants. The key goal of mutual recognition is to strengthen trust and security in the supply chain to prevent criminal activity, such as cargo theft and pilferage and smuggling contraband. Mutual recognition also contributes to trade by streamlining processing at the border for certified trusted traders.
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