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Algirdas Šemeta

EU Commissioner for Taxation and Customs Union, Audit and Anti-Fraud

"Boosting security in the global supply chain"

Statement on EU-US agreement to secure the global supply chain

Washington, 4 May 2012

"Today an important step forward has been taken in EU-US trade relations– and in securing the global supply chain.

After several years of negotiations, the EU and USA have agreed to mutually recognise each other's "trusted traders".

In other words, reliable companies that are security certified under the EU AEO system, and the US C-TPAT system, will enjoy easier, cheaper and more predictable procedures at customs.

This has been much anticipated by the thousands of European AEO certified companies, and will open up new trade opportunities on both sides of the Atlantic.

In short, mutual recognition will facilitate business and promote trade at a time when such measures are much needed for economic growth.

Moreover, today's accord offers benefits to each and every citizen, through greater supply chain security.

By mutually recognising each other's reliable companies, the EU and USA will be able to re-focus resources on where security risks really lie.

Customs will become even more effective in the protection it provides for us all on a daily basis.

On Monday, I will meet with US Secretary Napolitano to discuss how we can cooperate further in ensuring the security of the global supply chain.

From what we have achieved together to date, I am confident that we will be able to confirm a common commitment and high level of ambition in going forward.

Transatlantic cooperation on supply chain security improves the business environment, accelerates trade and contributes to the safety of our citizens.

Today's mutual recognition decision, therefore, is one to truly be welcomed."

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