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Lahore
Tuesday, May 7, 2024

China, EU sign mutual recognition agreement

China and the EU signed three agreements in an attempt to step up customs cooperation at the 7th Joint Customs Cooperation Committee (JCCC).

The first is the China-EU Authorized Economic Operators Mutual Recognition Agreement. Under the agreement, the EU and China commit to recognizing each other’s certified safe traders.

The second agreement is a new Strategic Framework for Customs Cooperation for the 2014-2017, which defines priorities and objectives for China-EU collaboration in this field. Key areas of focus for the coming years will be trade facilitation, supply chain security and fighting counterfeit and illicit trade. An important new priority is a joint approach to tackling illegal waste shipments, thereby tackling an area of high concern for both sides and supporting important environmental objectives.

Another agreement is the China-EU IPR Customs Enforcement Action Plan 2014-2017, which aims to improve the clamp-down on counterfeit goods by intensifying EU-China cooperation, communication and coordination in this field.

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