»»Russia - China Custom Protocol Reduces Costs for Exporters
The protocol signed last March 26, by the heads of the Russian and Chinese customs on the “organisation of experimental exchange of information in mutual trade“, will also reduce the costs for exporters. The Protocol regulates the electronic exchange of information on goods and means of transport when goods are being imported into each country.
This information should, at least in theory, allow for an easier and quicker control of the veracity of exporters’ customs declarations.
Thus, the Protocol aims to speed up customs registration at border points of control.
It should be underlined that the electronic exchange of such information also aims to result in a reduction of the costs being incurred by exporters. Indeed, as the information on exported goods will be electronically available for the customs authorities of the country of importation, the exporter is likely to bear to a lesser extent the heavy administrative burden of filling in all the necessary documents.
(source)
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