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Mexico and Hong Kong Sign Customs Co-operation Agreement

Mexico’s Ministry of Finance and Public Credit announced on 31 March the signing of a customs co-operation agreement between the Tax Administration Service (Servicio de Administración Tributaria, or SAT) and the Hong Kong Customs and Excise Department. According to a press release by Mexican authorities, the agreement will enable the two sides to agree on technical co-operation mechanisms and enhance collaboration to validate international trade security regimes in order to ensure the correct application of customs laws to prevent, investigate and combat customs violations. The agreement allows a party to provide mutual assistance either in response to a request from the other party or on its own initiative and to carry out monitoring activities on goods and means of transportation. Also included in the arrangement are provisions regarding use and confidentiality of information.

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