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Budget 2016 is investing 1.5 million over two years into export security initiatives and $7.1 million over four years to reduce compliance costs, speed up border clearances and increase the effectiveness of risk assessment tools say Customs Minister Nicky Wagner. “International trade is vital to New Zealand’s economy. Trade volumes are forecast to grow by 30% between 2015 and 2020. That is why it is important for our borders to become more streamlined while increasing our risk assessment capabilities,” Ms Wagner says. “To reduce compliance costs and speed up border clearances for exporters, the government will look at establishing a Secure Trade Lane with Australia. “The Secure Trade Lane will accelerate border clearances by shifting information requirements from traders to third parties and coordinate border management across customs agencies. Source: Beehive.govt.nz




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