The Strengthening of US and European Economies03-11-2014, Door: Hans de Bruin
"90% of global trade takes place by container and 20 million containers pass through 220 ports around the world. At all of the large ports that export goods to the United States, US Customs Services verifies the origin of goods. Ports such as Hong Kong implement their own procedures, and Hong Kong and US customs officials work side by side. As a consequence of US insistence on its own procedures, ships are required to remain offshore for extended periods of time because goods cannot be cleared," says Jochum Haakma, Board Member of the American Chamber of Commerce and currently also Global Executive Director Business Development at TMF Group (offices in 81 countries), serving FDI companies all over the world.
"Implementing security along the supply chain is complicated, and intense collaboration with businesses occurs to ensure processes are as efficient as possible. Mutual recognition of American C-TPAT and European AEO standards will result in an increasingly efficient setup of processes between Europe and the United States, in partnership with the companies and traders involved."
Faster Delivery and Faster Trade Flows
In addition, the Safe and Secured Trade Lanes, with supply chains certified by Customs Services, will facilitate faster delivery and faster trade flows between the US and Europe. By diminishing the bureaucratic burden, in collaboration with all of the stakeholders along the supply chain, compliance will improve, as well as control over the trans-border flows of goods.
Improved Convenience and Predictability
"Through wide ranging standardization and formalization, we will achieve supply chains with lower costs, less delay, less red tape and improved convenience and predictability. A free trade zone between the United States and Europe based on the Free Trade Agreement is in the pipeline. The objective is a model in which both economies are in a position to reinforce each other's strengths. This extremely complicated process is currently underway, and will offer both Europe and the United States important opportunities for future growth,” according to Jochum Haakma, Board Member of the American Chamber of Commerce.
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