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New EC Regulation on Supply Chain Security |
The European Commission has adopted a regulation aiming at increased security for shipments entering or leaving the EU and providing greater facilitation for compliant operators. It introduces a framework for better risk analysis of goods crossing EU borders. From 1 January 2008, reliable traders (Authorised Economic Operators) respecting high standard security criteria will benefit from trade facilitation measures and from 1 July 2009 the electronic exchange of advance information between traders and customs authorities on all goods entering or leaving the EU, will be introduced. The regulation also requires customs authorities to exchange information electronically on exports in order to speed up export procedures
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Subsidiaries
22-23 May 2008
