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MEA partners with ECS Group
PARIS: April 26, 2018. Middle East Airlines (MEA) ...

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Cargolux reports “best year in history”
LUXEMBOURG, GD: April 25, 2018. Cargolux says it h...

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Record 2018 start for Port of Wilmington
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IAG Cargo acknowledges World Immunisation Week
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Liverpool provides Scottish shortbread US access
PORT OF LIVERPOOL, UK: April 23, 2018. Peel Ports ...

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Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

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AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

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DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

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MEA partners with ECS Group
Cargolux reports “best year in history”
Record 2018 start for Port of Wilmington ...
IAG Cargo acknowledges World Immunisation Week
Liverpool provides Scottish shortbread US access
West Atlantic to operate Boeing's first converted 737-800...
Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro

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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.

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