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Marketwired
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Minister Blaney Signals Discussion With Israel on Customs Mutual Recognition Arrangement / Declaration of Intent signed in Israel

Finanznachrichten News

TEL AVIV, ISRAEL -- (Marketwired) -- 09/16/14 -- Canada Border Services Agency

Editors Note: There is a photo associated with this press release.

The Honourable Steven Blaney, Minister of Public Safety and Emergency Preparedness, and Yair Lapid, Minister of Finance of the State of Israel, yesterday signed a Declaration of Intent to begin negotiations on a customs Mutual Recognition Arrangement between the two countries.

The Canada Border Service Agency's Partners in Protection program and the Israel Tax Authority's Authorized Economic Operator program both enhance border and trade chain security. Negotiations on a Mutual Recognition Arrangement between both programs are expected to begin in November 2014.

Quick Facts

--  To ensure the security and prosperity of Canadians, the Canada Border
    Services Agency works cooperatively with its international partners to
    combat contraband trade and prevent transborder crime.

--  Canada and Israel share a strong trade relationship. A Canada-Israel
    Free Trade Agreement has been in force since 1997, and both countries
    signed a Customs Mutual Assistance Agreement in December 2012.

--  The Partners in Protection program is designed to make border processes
    more efficient for low-risk, pre-approved businesses recognized as
    trusted traders.

--  A Mutual Recognition Arrangement (MRA) signifies that both countries
    apply similar security standards and similar site validations when
    approving companies for membership in their respective Authorized
    Economic Operator programs.

--  An MRA allows both countries to recognize each other's members and may
    grant them similar benefits. Canada currently has MRAs with the United
    States, Japan, the Republic of Korea, and Singapore.

Quotes

"Our Government has been clear in our support of Israel as a great friend and ally. I am pleased to have signed this Declaration of Intent which indicates the strength of the continued relationship between our two countries. The Declaration and future Mutual Recognition Arrangement will increase cooperation between Israeli and Canadian customs administrations and will allow us to continue to work together to expand our international trade network and improve trade chain security."

Steven Blaney, Minister of Public Safety and Emergency Preparedness

Associated Links

Partners in Protection

Partners in Protection: Mutual Recognition Arrangements

Canada-Israel Free Trade Agreement

News Release: Canada and Israel sign a Customs Mutual Assistance Agreement

Follow us on Twitter (@CanBorder), join us on Facebook or visit our YouTube channel.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20140916-968354_photo_800.jpg

Contacts:
Jason Tamming
Press Secretary
Office of the Minister of Public Safety
and Emergency Preparedness
613-991-2924

Canada Border Services Agency
Media Line
613-957-6500

© 2014 Marketwired
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