ASEAN, EU Launch Customs Transit System to Boost Trade



Roy Mabasa | Manila Bulletin

Three weeks after the conclusion of the negotiation on the massive Regional Comprehensive Economic Partnership (RCEP) between the Association of Southeast Asian Nations (ASEAN) and its five dialogue partners, ASEAN and the European Union (EU) launched a new online Customs Transit System aimed to boost trade in the region. 

Called the ASEAN Customs Transit System (ACTS), the online management platform will reduce intra-ASEAN trading challenges and enable companies to benefit fully from the ASEAN Economic Community (AEC) and the free movement of goods across the ASEAN region.

ACTS is simplifying the movement of goods across the region, making it more efficient and cost-effective.

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