China and EU to strengthen customs co-operation

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Yesterday the EU and China, which trade more than €1bn-worth each day,  signed three agreements to boost Customs co-operation. They will now recognise each other’s certified safe traders; they have set out a new strategic framework for Customs, which could help cut illegal trade such as counterfeit goods and illicit waste shipments; and they have signed a Customs Enforcement Action Plan, which will also help clampdown on fake goods.

“By agreeing to mutually recognise each other’s safe traders, the EU and ...