As the flow of international trade increases, being an accredited Australian Trusted Trader can facilitate improved speed to markets, particularly important for companies trading in time sensitive cargoes. It’s also a signal to international export markets that your company has robust trade compliance and supply chain security processes.
It's estimated that around 30% of cross border trade is conducted via companies who are accredited in the program. The Government intends to increase this to 75% by 2025 and is in line with the Government’s commitment to increase exports for the Priority Six sectors under the Modern Manufacturing Initiative, as well as brokering new deals with non-traditional trade partners.
Benefits of accreditation include:
- Account manager for the program
- Priority treatment of goods at the border
- Mutual recognition agreements with key trading partners
- Duty deferrals
- Consolidated cargo clearance
- Origin Waivers
How do you become accredited?
It’s free to become accredited, however, in order to receive accreditation companies are required to demonstrate strong trade compliance practices and robust processes within their supply chains.
Once accredited, there is a requirement to maintain trade compliance obligations and supply chain security processes. Australian Border Force is currently ramping up assurance reviews and any failures to maintain standards could result is accreditation being cancelled.