The European Union and the U.S. have agreed to recognize each other’s air cargo security regimes under a hard fought agreement that took effect on June 1.
The accord will eliminate duplication of security controls and the need to implement different regimes depending on the destination of shipments, the EU’s executive Commission said.
“This is a big step forward and it will have a major business impact,“ Siim Kallas, the European Transport Commissioner, said. “Cutting out the duplication of security procedures will mean huge savings for cargo operators in terms of time and money.”
Security measures can account for up to 4 percent of airlines’ revenue and the additional cost of duplicate transatlantic measures can account for a fifth of the security cost, according to the Commission.
Air cargo between the U.S. and the 27-nation EU totals more than a million tons a year in each direction. The goods transported are worth more than $134 billion and account for 27 percent of the EU’s air cargo traffic by value.
Under the deal, the U.S. Transportation Security Administration recognizes the security procedures of EU member states and the EU accepts the TSA’s cargo screening program.
In recent months, several EU member states signed bilateral deal with the U.S.
Contact Bruce Barnard at email@example.com.