US works to enhance trade with Mexico, EU

The United States continues its efforts to facilitate trade with two of its significant trading partners, Mexico and the European Union.

On the southern border, the US and Mexico recently signed a joint work plan for mutual recognition of each other’s trade security program, CBP’s C-TPAT and Mexico’s New Certified Companies Scheme (NEEC).  Both countries expect to implement the plan in two years.  This is similar to Beyond the Border initiative with our northern trading partner, Canada.

Separately, the US and the EU have renewed efforts to create a free trade zone for their mutual benefit.  Previously, the parties were unable to agree on the harmonization of taxes, tariffs, regulations and standards.  But with economic woes still engrained on both sides of the Atlantic, a free trade zone will likely save hundreds of billions of dollars — on both sides — each year, providing an incentive to find common ground.  Listen to the report from National Public Radio.

One thought on “US works to enhance trade with Mexico, EU”

  1. UPDATE:

    EU, US Fully Implement Mutual Recognition Decision

    (Friday, February 08, 2013)
    Washington—U.S. Customs and Border Protection (CBP) and the European Union (EU) today announce the mutual recognition decision between CBP’s Customs-Trade Partnership Against Terrorism (C-TPAT) program and the EU’s Authorized Economic Operator (AEO) program was fully implemented January 31.

    This final phase of the agreement provides reciprocal benefits to C-TPAT members when exporting to EU member states. These benefits which include lower risk score and less exams when shipping cargo were provided to members exporting into the U.S. in Phase I of the agreement which was implemented in July 2012. The agreement was first signed in May 2012 by CBP Deputy Commissioner David V. Aguilar and European Union Taxation and Customs Union Directorate Director-General Heinz Zourek.

    The goal of these arrangements is to link the various international industry partnership programs, so that together they create a unified and sustainable security posture that can assist in securing and facilitating global cargo trade.

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