The Asean Customs Transit System was officially launched at a virtual event on Nov 30, 2020. (Photo: ACTS) Jakarta (VNA) – The online ASEAN Customs Transit System (ACTS) was officially launched on November 30 to accelerate trade in goods by road within Southeast Asia. In 2017, ASEAN economic ministers set the twin goals of reducing trade transaction costs by 10 percent by 2020 and doubling intra-bloctrade between 2017 and 2025. ACTS has been developed to realise this goal to allow businesses to lodge e-transit declarations directly to ASEAN customs authorities and track the movement of their goods from loading to delivery. Being developed with the support of the European Union, ACTS is simplifying the movement of goods across the region, making it more efficient and cost-effective. Following trials in Cambodia, Laos, Malaysia, Singapore, Thailand, and Vietnam, the system has now been formally launched. The first successful ACTS transit movement occurred on October 23-24 when a truck travelled from Singapore via Malaysia to Thailand. The system will soon be available in Myanmar, and, depending on business needs, may later be expanded to Brunei, Indonesia and the Philippines. Now transporters can make a single customs transit declaration that covers the transport of goods across multiple countries, without the need to make repeated customs declarations or… Read full this story
- ASEAN Chair 2020: Responsibility and opportunity for Vietnam
- Vietnam, ASEAN, and free trade pacts
- Solutions discussed to boost exports to ASEAN
- ASEM customs directors-general meeting opens in Quang Ninh
- 13th ASEM Customs Directors-General and Commissioners’ Meeting opens in Quang Ninh
- ASEM customs agencies adopt action plan for 2020-2021
- ASEM customs agencies adopt action plan
- ASEAN nations boost cooperation in fighting drug trafficking at sea
- Miss ASEAN Capital 2020 contest launched
- ASEAN pushes joint bid to host 2034 World Cup
ASEAN customs transit system launched have 297 words, post on en.vietnamplus.vn at December 2, 2020. This is cached page on Talk Vietnam. If you want remove this page, please contact us.
