The Canada Border Services Agency (CBSA) and Peru’s Customs administration have signed an agreement to recognize each other’s Trusted Trader programs.
The Mutual Recognition Arrangement (MRA) between CBSA and the National Superintendency of Customs and Tax Administration of the Republic of Peru (SUNAT) will contribute to increased security of the international supply chain, facilitate trade at the border, and strengthen the economic competitiveness of Canadians doing business with Peru, CBSA said in a statement.
“The CBSA is a fully engaged and active member of the World Customs Organization, regularly cooperating with its global partners to strengthen trust and security in the supply chain,” said Ted Gallivan executive vice-president, Canada Border Services Agency.
“This Mutual Recognition Arrangement will contribute to increased security of the international supply chain, facilitate trade at the border, and strengthen the economic competitiveness of Canadians doing business with Peru.”
Members of Canada’s Trusted Trader program, Partners in Protection (PIP), can save time and money at the border because their imported goods are treated as low security risks. This ultimately means a faster and more predictable customs clearance, and contributes to the protection of Canadians by helping prevent contraband from entering the country.
This MRA signifies that Peru will recognize Canada’s PIP program and will facilitate customs clearance for PIP members. In turn, the CBSA will provide reciprocal benefits to members of Peru’s Trusted Trader program, which is referred to as their Authorized Economic Operator program.
The CBSA signs MRAs with customs organizations around the world so that countries can recognize each others’ members and choose to honour similar benefits and security standards. This also means that countries will apply similar approval processes for program applicants.
The overall goal of an MRA is to strengthen trust and security in the supply chain as a method of preventing nefarious activity, such as cargo theft and pilferage.