English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

FIATA calls for "injection of hope"

PRESS RELEASE

October 15, 2014: Facilitating trade with minimal use of resources becomes critical when the overall economy is growing sluggishly, as it seems the case in recent times.

"Economies could do with an injection of hope" said the Chairman of the Customs Affairs Institute of FIATA (CAI), Mr Steve Morris, during the FIATA World Congress in Istanbul this week. "Trade facilitation is key to stimulate world trade", continued Mr Morris, "and expand export opportunities. Implementing De Minimis requires each economy to assess its fiscal and business needs against a balanced and achievable value. Transparency, predictability and clarity of the determination by Customs administrations of such process are paramount."

FIATA is therefore knocking on the doors of governments to consider adopting a de minimis regime (or examine their existing regimes) in an effort to harmonise this facilitation instrument as enshrined in the Revised Kyoto Convention (RKC). The recently published position paper is set to inspiring states to realise the potential benefits of a harmonised de minimis threshold, summoning on past studies and successfully implemented de minimis' programs as sound evidence. Little doubt seems to exist that a wise de minimis regime can significantly boost trade.

FIATA's position is aware of the issues in achieving a fully harmonised de-minimis threshold in differing economies, but FIATA's research has revealed that sufficiently harmonised de- minimis levels are likely to have a positive impact on the economic development of the countries where such regimes are adopted; hence the position calls governments to action and implores them to engage in discussing baseline levels capable of establishing a harmonised mechanism, at least starting at region.

More News

Written on 26/04/2017, 19:33
miami-makes-more-of-pharma-freightMIAMI: April 26, 2017. MIA Pharma Hub partner LATAM Cargo has become the first airline in America to receive IATA's Center of Excellence for Independent...
Written on 26/04/2017, 18:40
india-s-largest-container-port-opensMARSEILLE/ AHMEDABAD: April 25, 2017. CMA CGM and the Adani Ports Special Economic Zone (APSEZ) are to operate India's latest and largest container...
Written on 26/04/2017, 14:07
qatar-airways-adds-two-more-u-s-destinationsDUBAI, UAE: April 24, 2017. Qatar Airways is to begin service to San Francisco and Las Vegas next year. Other additions to its network in 2018 will...
Written on 26/04/2017, 00:10
gothenburg-avoids-landfill-in-major-new-terminalGOTHENBURG: April 25, 2017. In its largest expansion project since the 1970s, the Port of Gothenburg is to build a 220,000 sq. mt. terminal at the outer...
Written on 25/04/2017, 20:54
waco-system-adds-azerbaijan-memberLONDON: April 24, 2017. Trans Global Projects (TGP) has joined the WACO System global forwarder network as a member for Azerbaijan. Founded in the UK as...
Written on 25/04/2017, 20:38
bahrain-airline-to-operate-new-boeing-conversionWILMINGTON, OH. April 25, 2017. Bahrain-based Texel Air is the launch customer for a new conversion program by Pemco World Air Services for the...
Written on 25/04/2017, 19:43
cma-cgm-begins-indonesia-u-s-west-coast-direct-serviceJAKARTA: April 23, 2017. The CMA CGM 'Otello' has become the largest container vessel to call at the Jakarta International Container Terminal (JICT) at...
Written on 25/04/2017, 17:13
pegasus-adds-four-russian-destinations-from-londonLONDON STANSTED: April 25, 2017. Pegasus Airlines is launching new B737-800 services from London Stansted to four destinations in Russia plus Abu Dhabi,...
Written on 25/04/2017, 16:26
jd-com-to-offer-smart-supply-chain-servicesBEIJING: April 25, 2017. JD.com, China's other online retailer, has launched JD Logistics to provide smart supply chain and logistics services to a wide...
Written on 21/04/2017, 15:35
walmart-launches-gigaton-elimination-goalBENTONVILLE, AR: April 20, 2017. Walmart has launched 'Project Gigaton' to encourage its suppliers to help eliminate one billion tonnes of greenhouse gas...
Written on 20/04/2017, 19:00
samskip-grows-perishables-businessROTTERDAM: April 20, 2017. Samskip is to acquire New Jersey-based freight forwarder Rimar Consultants to expand the perishables business of its U.S....
Written on 19/04/2017, 21:26
airbus-to-trial-autonomous-drone-with-singapore-postSINGAPORE: April 18, 2017. Airbus Helicopters and Singapore Post (SingPost) are to begin trials of the Airbus Skyways drone project at the National...
Written on 18/04/2017, 21:39
niledutch-uses-ai-for-predictive-logisticsSAN FRANCISCO/ROTTERDAM. April 18, 2017. Africa box carrier and breakbulk specialist NileDutch is to use ClearMetal AI and predictive logistics technology...
Written on 18/04/2017, 18:29
united-airlines-arrives-at-watershed-momentCHICAGO: April 17, 2017. United Airlines has reported a 69.3 percent drop in net income to US$96 million for the first quarter of 2017, on a 2.7 percent...
Written on 18/04/2017, 17:54
teamsters-reach-new-airline-agreementsPURCHASE, NY: April 17, 2017. Teamsters union flight dispatchers at Atlas Air and Polar Air Cargo have voted to extend their contract with the two...
Written on 13/04/2017, 14:25
not-your-usual-award-ceremonyAMSTERDAM: April 12, 2017. The Royal Schiphol Group has recognized its business partners who have distinguished themselves through innovative business...
Written on 12/04/2017, 20:51
deutsche-post-doubles-electric-mail-fleetBONN: April 11, 2017. Deutsche Post DHL is to expand production of its StreetScooter postal service electric van from 10,000 to 20,000 units in response...
Written on 12/04/2017, 19:07
delta-cargo-weathers-2017-first-quarterATLANTA: April 12, 2017. Delta Air Lines has reported a 36 percent fall in net income to US$603 million for the first quarter of 2017 compared to the...
Written on 11/04/2017, 20:50
russia-to-begin-all-weather-lng-shipping-via-northern-sea-routeSABETTA, Russia: April 11, 2017. The world's first ice-breaking LNG tanker, named after former Total head Christophe de Margerie, has berthed at Russia's...
Written on 11/04/2017, 20:48
first-uk-export-train-leaves-london-for-chinaLONDON: April 10, 2017. The first ever container train from the UK to China has left DP World's London Gateway port pulled by DB Cargo with British...

- powered by Quickchilli.com -