<\/p>\n\n\n\n
KUALA LUMPUR, Dec 1 (Bernama) — ASEAN member states are\nspeeding up their economic integration by mitigating intra-Asian trade\nchallenges and accelerating seamless trade in goods by roads with the new ASEAN\nCustoms Transit System (ACTS).<\/p>\n\n\n\n
The ACTS was developed to streamline cross-border customs\nprocesses with the aim of accelerating land transit movements and\nreducing the time and expense of carrying out regional trade in goods.<\/p>\n\n\n\n
The broader objective is to reduce intra-ASEAN trading\nchallenges and enable companies to benefit more from the ASEAN Economic\nCommunity (AEC) and the free movement of goods across the ASEAN region.<\/p>\n\n\n\n
The 37th ASEAN Summit was held earlier this month\nand the ACTS live operation which was implemented on Nov 2\nsignalled a clear illustration of ASEAN\u2019s commitment.<\/p>\n\n\n\n
Royal Malaysian Customs Department senior assistant director\nDr Ramlah Mukhtar said pilot tests were taken between January and October\n2020 to evaluate how components under the ACTS can be utilised by\nCambodia, Laos, Malaysia, Singapore, Thailand, and Vietnam.<\/p>\n\n\n\n
“Myanmar will join the system in 2021 and we foresee\nBrunei, the Philippines and Indonesia joining later and their participation\nwill be included in the enhancement of the ACTS application and system,”\nshe said during a virtual press conference of the official launch of ACTS here\nMonday.<\/p>\n\n\n\n
ASEAN Federation Forwarders\nAssociations (AFFA) executive director Iman Ghandi said\nACTS was developed to streamline cross-border Customs processes,\naimed at accelerating transit movements, and reducing the time and expense of\ncarrying out regional trade in goods.<\/p>\n\n\n\n
“The ASEAN Customs Transit System is simplifying the\nmovement of goods across the region, making it more efficient and\ncost-effective.<\/p>\n\n\n\n
\u201cUnder ACTS, the private sector can make a single\nCustoms transit declaration that covers the transport of goods across multiple\nASEAN countries, without the need to make repeated Customs declarations or\nchange vehicles at each border. It will also reduce the inventory costs of producers,”\nhe added.<\/p>\n\n\n\n
The system is managed by a permanent ACTS Central Management\nTeam based in the ASEAN Secretariat in Jakarta, with support from the European\nUnion-funded ARISE Plus programme.<\/p>\n\n\n\n
ARISE Plus has provided extensive ACTS training for\nstakeholders in the public and private sectors, including Customs authorities,\ngovernment transport agencies, freight forwarders, transporters, banks and\ninsurance companies.<\/p>\n\n\n\n
— BERNAMA<\/p>\n","protected":false},"excerpt":{"rendered":"
KUALA LUMPUR, Dec 1 (Bernama) — ASEAN member states are speeding up their economic integration by mitigating intra-Asian trade challenges and accelerating seamless trade in goods by roads with the new ASEAN Customs Transit System (ACTS). The ACTS was developed to streamline cross-border customs processes with the aim of accelerating land transit movements and reducing the time […]<\/p>\n","protected":false},"author":29,"featured_media":86822,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[288,300,318],"tags":[],"_links":{"self":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/103983"}],"collection":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=103983"}],"version-history":[{"count":0,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/posts\/103983\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=\/wp\/v2\/media\/86822"}],"wp:attachment":[{"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=103983"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=103983"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/namnewsnetwork.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=103983"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}