On 1 July 2016, the Australian Border Force (ABF) voluntary trade facilitation initiative, Australian Trusted Trader (ATT), opened to all Australian businesses active in the international supply chain.
More than 300 businesses across industry have already submitted expressions of interest. By 2020, ATT is expected to grow to over 1000 Trusted Traders, covering 30 per cent of Australia’s two-way trade volume.
The program supports partnership between government and businesses that are recognised and trusted as highly secure and low-risk enterprises, allowing the ABF to focus on high-risk consignments and businesses that are more likely to be non-compliant.
Customs-to-customs Mutual Recognition Arrangements (MRA) will enable government border agencies to recognise and accept each other’s audits, controls and authorisation, and remove a lot of the regulatory burden faced when doing international business. Australia’s first MRA was signed with New Zealand in July.
When conducting trade between MRA partner countries, Australian Trusted Traders will receive preferential border treatment and a suite of trade facilitation benefits including a dedicated Account Manager and priority service when requesting advanced rulings on tariff, valuation and origin.
To apply for ATT, your business must have an Australian Business Number (ABN), two years of trading history, and be financially solvent. The program is open to importers, exporters and service providers.
For more information, or to apply, visit www.border.gov.au/trustedtrader. Ai Group members seeking advice may contact Louise McGrath, Ai Group’s National Manager – Business and International Advisory Services.