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Canada, Israel Sign Customs Deal

by Mike Godfrey, Tax-news.com, Washington

01 August 2017


Canada and Israel have reached a Mutual Recognition Arrangement (MRA) regarding their respective Trusted Trader programs.

Trusted Trader programs are designed to enhance the security and integrity of the global supply chain through the establishment of customs-to-business partnerships and by providing streamlined border processes to pre-approved, low-risk traders.

The MRA ensures that the Canada Border Services Agency's (CBSA's) Partners in Protection program members will be recognized by, and receive trade facilitation benefits from the Israel Tax Authority (ITA). The CBSA will reciprocate by providing similar benefits to members of Israel's Authorized Economic Operator program.

Ralph Goodale, Canada's Minister of Public Safety, commented: "The signing of a Mutual Recognition Arrangement with the Israel Tax Authority is a reflection of the great cooperation between customs administrations aimed at achieving the common goals of growing our economies by facilitating trade; keeping our citizens safe by recognizing our low-risk traders; focusing our respective resources on higher or unknown risk; and strengthening our relationships."

TAGS: tax | business | value added tax (VAT) | export duty | Israel | excise duty | Canada | import duty | trade | Tax

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