Export NZ welcomes trade security agreement

Export New Zealand welcomes trade security agreement

Media Release 2 July 2007

Export New Zealand welcomes the international move forward in security as New Zealand and the United States signed an international agreement to recognise each country’s supply chain security schemes over the weekend in Belgium.

The Mutual Recognition Arrangement is part of the World Customs Organisation's global trade security initiative, designed to improve supply chain security compliance. In return, exporters should see fewer delays at international borders. New Zealand and the United States are the first countries to sign.

“This world-first will mean a more secure supply chain for exporters, translating into reduced inspections and speedier delivery of goods,” said Bob Walters, CEO of Export New Zealand.

This move demonstrates support and co-operation between the US’s Partnership Against Terrorism Program and NZ Customs' Secure Exports Scheme. Benefits could include fewer delays at borders as fewer inspections may be needed. If goods can move more quickly through customs, it will mean better transit times for New Zealand products.

In all, 140 countries are committed to the World Customs Organisation's Framework of Standards to Secure and Facilitate Global Trade supply chain security initiative.

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