Australian Trusted Traders will have an increased competitive edge and better access to global markets with the signing of a Mutual Recognition Arrangement (MRA) with Singapore, and the Australia-Canada MRA coming into full effect after the pilot period.
The Singapore-Australia MRA, signed on 31 May 2018, will help further stimulate the important economic and trade relationship between the two countries.
Under the Australia-Canada MRA, Australian Trusted Traders and members of the Canada Border Services Agency Partners in Protection Program will have reciprocal access to streamlined trade examination at the border.
Singapore and Canada join a growing list of countries to have signed an MRA with Australia including New Zealand, the Republic of Korea, Hong Kong and the People's Republic of China, and negotiations are underway with other major trading partners.
The MRAs are only accessible to accredited Trusted Traders. The Australian Trusted Trader (ATT) Program is a free trade facilitation and compliance program open to all Australian businesses that import, export or provide services that support traders in the international supply chain.
Under the seamless trade model established by the MRAs, Australian importers and exporters will benefit from an enhanced border treatment and faster access to market when conducting trade between these countries.
ATT works by accrediting Australian businesses with compliant trade practices and a secure supply chain. Accreditation through ATT helps businesses to deliver confidence in their international supply chain. Once accredited, businesses have access to a range of benefits that continue to be expanded.
Becoming a Trusted Trader has never been easier through a steamlined application process. Improvements to the ATT accreditation process have reduced the information required in the application, resulting in an average six–eight week turnaround on applications. For more information and to join online visit Australian Trusted Traded
For more information about the MRAs with Singapore and Canada read the Ministers media release.