Customs authorities have approved an ID system for companies that benefit them during trade with other countries within the bloc.
The decision will benefit global trade and it is hoped that countries that have not yet signed the agreement will do so soon.
Federico Mazzella30 March, 2017
In an attempt to fast-track the start of the project, the two countries committed to holding periodic meetings.
Representatives from the two countries signed the agreement to streamline commercial transactions and make them more transparent.