India-US to soon ink agreement to expedite cargo clearances: CBIC Chairman Vivek Johri

from MUM-19-06-2023

Govt likely to come out with logistics cost estimate by Sept: DPIIT Special Secretary

NEW DELHI: India and US are in advanced talks for Authorized Economic Operators (AEO)-Mutual recognition agreement to expedite cargo clearances for which cabinet will soon discuss the proposal, CBICChairmanVivekJohri said.

“Cabinet will soon approve the AEO-MARagreementbetweenIndiaUS,” he said at the Trade Facilitation conferenceorganisedbyCII.

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Johri said that under the agreement the AEOs of India will get the same benefits as those of US get andvice-versa.

The agreement will expedite the cargo movements in both countries. There are no pecuniary benefits howeverundertheagreement.

India, US have a preliminary agreement on this which will now needtobeimplemented.

India-US to soon ink agreement to expedite cargo clearances: CBIC Chairman Vivek Johri

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MUM-19-06-2023