THE third annual Australian Trusted Trader Symposium is taking place this week in Melbourne, bringing together government and business together.
In an address at the symposium’s gala dinner on Wednesday (8 August), minister for law enforcement and cyber security Angus Taylor said the ATT program continued to grow, demonstrating its significant benefits and the competitive edge it provides in global markets.
“More than 200 business and service providers have now been accredited as Trusted Traders, representing $55bn of Australia’s two-way trade value,” he said.
“The benefits implemented during 2017-18 are collectively worth almost $350m to Trusted Traders, a tenfold increase on the previous financial year. We have an ambitious plan to grow the program to 1,000 Trusted Traders by 2020.”
ATT recognises businesses with a secure supply chain and compliant trade practices, and rewards them with a range of exclusive trade facilitation benefits.
Australian Border Force Commissioner Michael Outram APM attended the symposium and said the ATT program allowed the ABF to provide businesses with the best possible trade facilitation and enforcement arrangements for our nation to thrive.
“Trusted Traders have a strong track record of doing the right thing, allowing the Australian Border Force to focus our attention on entities that present a higher or unknown risk,” Commissioner Outram said.
“The program also provides an opportunity for Government to work with business to address the economic and community protection risks posed by criminal syndicates exploiting vulnerabilities in increasingly complex supply chains.”