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The Customs Administration, Ministry of Finance, announced that the Mutual Recognition Arrangement (MRA) on Authorized Economic Operators (AEO) between Taiwan and Israel entered into force on December 4, 2014, the date from which traders are eligible to enjoy benefits provided by Taiwan Customs and Israel Customs under the MRA. The announcement said the implementation of the MRA will effectively enhance trade security and facilitation for both sides, and thus promote bilateral trade.
The MRA was signed in December 2013. After completing a successful three month Pilot test from July to October this year, both Customs administrations decided to formally implement the MRA. The Customs Administration explained that, to receive MRA benefits from Israel Customs, Taiwan Security and Safety AEO importers/exporters need to log in the “Taiwan AEO Certification and Management System” and confirm their intention to participate in the MRA. Taiwan Customs implemented its AEO program at the end of 2009, and there are approximately 300 Security and Safety AEOs. In view of the fact that the trade volume between Taiwan and Israel in 2013 amounted to NT$42.5 billion, the operation of the MRA will substantially promote both countries’ economic and trade development. Currently, Taiwan has signed MRAs on AEO with the United States, Singapore, and Israel. It is expected that more AEO MRAs will be signed between Taiwan and other countries in the near future, which can effectively bolster Taiwan’s competitive edge in the international economic and trade community. |
