Summary:

India is enhancing trade facilitation by signing Mutual Recognition Agreements (MRAs) with 30 nations. These MRAs reduce compliance costs, simplify regulations, and open up new trading opportunities. Agreements have already been made with major partners such as the United States, South Korea, the UAE, Taiwan, Australia, and Malaysia. India is also advancing discussions with Japan and South Africa. The MRAs further support the expansion of the Authorised Economic Operator (AEO) program, ensuring secure trade.

India is committed to digital and sustainable trade facilitation, as demonstrated by its improved rankings in the UN Global Survey on Digital and Sustainable Trade Facilitation and the World Bank Logistics Performance Index. At the Global AEO Conference, India highlighted the importance of global collaboration in an interconnected world. The AEO program embodies a strong partnership between customs and businesses to foster secure and efficient trade.

Source: IBEF

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