cost of customs formalities

It is designed to benefit commercial entities and customs administrations, to reduce the cost of customs formalities and to respond to commercial challenges involving safety and protection, detecting counterfeiting and money laundering and also protecting health and the environment.

It also means the adoption of a firm stance in the negotiations on trade facilitation procedures in order to lower the costs of customs formalities, which can account for up to 15% of the value of the goods traded, as well as effective recording of the origin of goods and updated customs controls.