17 July 2017
AUSTRALIA SIGNS NEW TRADE FACILITATION ARRANGEMENT WITH HONG KONG
Australia has entered into a new international arrangement with Hong Kong which will improve the nation’s competitiveness and ability to trade globally.
While attending the World Customs Organization Council meeting in Brussels, Australian Border Force Acting Commissioner Michael Outram, signed an Authorised Economic Operator Mutual Recognition Arrangement (MRA) with the Customs and Excise Department of Hong Kong.
The Minister for Immigration and Border Protection Peter Dutton said such arrangements are an important step forward in strengthening Australia’s trade facilitation.
“Arrangements such as these reduce the regulatory burden for Australian exporters and make trade with Australia more appealing for international businesses, while continuing to ensure the integrity and security of our border,” Mr Dutton said.
MRAs benefit members of the Australian Trusted Trader programme, a significant international trade reform, by recognising businesses with a secure supply chain and compliant trade practices.
“It better facilitates legitimate trade by rewarding accredited businesses, and in turn provides significant benefits to our broader economy,” Mr Dutton said.
The MRA with Hong Kong demonstrates Australia and Hong Kong’s commitment to improving two-way trade and investment flows. The economic partnership is on track to receive an even greater boost after the FTA negotiations are concluded.
By improving Australia’s competitiveness in the international trade market, the country will benefit from greater job opportunities and investment in our nation.
- End -
CONSULATE-GENERAL MEDIA CONTACTS:
Mr Gavin McDougall Tel: +852 2585 4418
Ms Simmy Lam Tel: +852 2585 4482