The presidents of Chile, Colombia, Mexico, and Peru wrapped up a presidential summit for the Pacific Alliance this week, agreeing to bring the bloc closer with the neighbouring customs union Mercosur, while confirming South Korea as a new candidate for associate member status. The leaders’ meeting, held in the Mexican coastal city of Puerto Vallarta, comes seven years since the Pacific Alliance was formed, with leaders pledging to dedicate themselves further to meeting their “strategic vision”...
CLADEC News
Overview of de minimis value regimes open to express shipments world wide
De minimis refers to the minimum value of the goods below which no duties and taxes are being collected by the Customs (see also Transitional Standard 4.13 of the WCO Revised Kyoto Convention and Art. 8.2 (d) of the WTO TFA). View List (PDF)
WCO publishes 2018 edition of SAFE Framework of Standards
Today, the WCO published the 2018 edition of the SAFE Framework of Standards, following its adoption by the Council - the Organization's highest decision-making body - at the end of June 2018. The Framework provides baseline international standards to secure and facilitate global trade. It is updated every three years to ensure that it remains relevant and reflects new opportunities, challenges and associated solutions. Launched in 2005, this unique instrument ushered in modern supply chain...
Pacific Alliance Members sign first plurilateral Mutual Recognition Arrangement
On 21 July 2018, the Pacific Alliance, a trade bloc formed by Chile, Colombia, Mexico and Peru, signed a Mutual Recognition Arrangement (MRA) of their respective Authorized Economic Operator (AEO) programmes in Puerto Vallarta (Mexico), within the framework of the XIII Presidential Summit of the Pacific Alliance. This plurilateral MRA is the first of its kind, ensuring movement of goods by strengthening the security of the international supply chain, and improving trade facilitation within the...