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Last updated on Feb 07, 2012

APEC Pathfinder to Enhance Supply Chain Connectivity by Establishing a Baseline De Minimis Value

We applaud the APEC Leaders Declaration on 13 November 2011 in Honolulu to take the following steps amongst others to further open markets and facilitate regional trade:

- Established commercially useful de minimis values in our economies that will exempt low-value shipments from customs duties and streamline entry documentation requirements, as a key contribution to our goal of an APEC-wide 10 percent improvement in supply-chain performance by 2015; and

- Facilitate commerce and promote economic growth by pursuing liberalization of air cargo services.

 

The APEC Ministers endorsed the APEC Pathfinder to Enhance Supply Chain Connectivity by Establishing a Baseline De Minimis Value, and instructed officials to develop a capacity-building program with the goal of increasing the participation of economies in the Pathfinder.

www.apec.org/Meeting-Papers/Ministerial-Statements/Annual/2011/2011_amm/annex-a.aspx

 

The proposal was supported by the De Minimis Thresholds in APEC report by ITS Global and the Centre for Customs and Excise Studies at the University of Canberra, on behalf of CAPEC.

www.capec.org/publications.php#