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India and US in joint plan for data exchange.
(From Lloyds List)
THE US and India have presented a joint proposal at WTO trade talks that calls for the establishment of a global information exchange and handling mechanism to enhance customs efficiency, writes John Zarocostas in Geneva.
Trade transaction information that could be exchanged among the WTO's 148 members, notes the paper, would include data elements that relate to the movement of goods across a border such as the name of the exporting and importing party, origin of the goods, description of goods, HS classification, declared value, and shipper.
South Africa, which co-sponsored the joint text, told a session of the trade facilitation segment of the Doha round, the exchange of information could 'help prevent criminal elements' from taking advantage of the need to simplify and speed up customs procedures and ...
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