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ISSN 23692391Memorandum D2331Ottawa, November 10, 2022Customs Reassessment Program for Importers In Brief 1. The definitions section has been updated 2. References to Free and Secure Trade (FAST)

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What is fast and secure trade?

Fast and secure trade refers to a streamlined process for the import and export of goods, designed to enhance the efficiency of trade while ensuring compliance with regulations and security standards.

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Importers, exporters, and customs brokers involved in international trade are typically required to file fast and secure trade documentation.

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Filling out fast and secure trade typically involves submitting the required forms with accurate information regarding the goods, their origin, and destination, along with compliance documentation as per the regulatory guidelines.

What is the purpose of fast and secure trade?

The purpose of fast and secure trade is to facilitate smoother and quicker transactions in international trade while ensuring compliance with safety and security requirements, thus minimizing delays in supply chains.

What information must be reported on fast and secure trade?

Information such as the description of the goods, their quantity, value, origin, destination, and details of any involved parties must be reported on fast and secure trade documentation.

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