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This Part shall apply to customs procedures required for clearance of goods traded between the two Parties, in accordance with their national laws, rules and regulations.
Article 11 General Provisions
The Parties recognise that the objectives of this Agreement may be promoted by the simplification of customs procedures for their bilateral trade.
Customs procedures of both Parties shall conform where possible with the standards and recommended practices of the World Customs Organisation.
The Customs administrations of both Parties shall actively work together to develop mutually beneficial solutions to minimise risks and to maximise opportunities for facilitating customs clearances. In this regard, the Customs administrations shall consider negotiating an arrangement on detailed areas of future co-operation within 1 year from the date of entry into force of this Agreement.
The Customs administrations of both Parties shall periodically review customs procedures with a view to their further simplification.
Article 12 Paperless Trading
With a view to implementing the APEC Blueprint for Action on Electronic Commerce, in particular the Paperless Trading Initiative, the Customs administrations of both Parties shall have in place by the date of entry into force of this Agreement an electronic environment that supports electronic business applications between each Customs administration and its trading community.
Article 13 Risk Management
In order to facilitate the clearance of low risk transactions, the Parties agree that customs compliance activities should be focused on high risk goods and travellers. Accordingly, each Party undertakes that compliance activities at the time of entry shall not normally exceed 10 per cent of total customs transactions.
The Parties shall not use a threshold value of goods as a sole basis for the selection of goods for customs inspection.
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