The Australian Trusted Trader Scheme: Realizing Benefits for Importers
As the global marketplace evolves with technology and becomes increasingly interconnected, importers will require a streamlined customs process married to an efficient and secure supply chain to remain effective and maintain their competitive edge.
One way Australia supports importers in achieving this goal is through the Australian Trusted Trader (ATT) scheme. This voluntary program, which prioritizes security and compliance, offers a myriad of advantages, particularly when it comes to training and dedicated account representatives.
The Australian Trusted Trader Scheme, administered by the Australian Border Force (ABF), is a mutually beneficial program designed to foster cooperation between the government and businesses engaged in international trade. This program, which began in 2016, is open to importers, exporters, and other supply chain stakeholders. Its primary aim is to provide a secure and efficient trade environment that benefits both the Australian government and participating businesses.
The Australian Trusted Trader Scheme offers importers an array of benefits. The tailored training provided under the scheme equips importers with the knowledge and skills needed to thrive in the global marketplace. For importers, the ATT scheme is a powerful tool for achieving operational excellence in international trade, fostering growth, and increasing competitiveness.
The key benefits include:
·???????? Lighter Touch - One of the most significant benefits of the ATT scheme is the ability to streamline customs processes. Trusted traders are seen as low-risk, which results in expedited customs clearance. This means reduced waiting times at the border, quicker access to goods, and increased supply chain efficiency. Importers can move their products to market faster, cutting down on storage and handling costs.
·???????? Supply Chain Security While speed is crucial in international trade, it cannot come at the cost of security. Trusted traders are required to maintain rigorous security standards. This means they are better equipped to protect their supply chains from security breaches, counterfeits, and other threats. With the ATT scheme, importers can minimize security risks and safeguard their reputation.
·???????? Reduced Compliance Costs Participating in the ATT scheme means that importers are subject to fewer compliance checks and audits. This, in turn, reduces compliance costs. The investment in meeting the scheme's requirements is outweighed by the savings on inspections and associated fees, making the scheme a financially wise choice for importers.
·???????? Account Manager One of the most valuable aspects of the Australian Trusted Trader Scheme is the provision of a dedicated account representative. Each participant is assigned an account manager who serves as a single point of contact for all customs-related matters. This account representative becomes intimately familiar with the importer's business, its unique needs, and the intricacies of its supply chain. This personalized service fosters a cooperative and collaborative relationship, enhancing communication and problem-solving.
·???????? Training and Support The ATT scheme places a strong emphasis on training and development. Importers receive personalized training to meet their specific needs, ensuring that they are well-informed about customs regulations and procedures. This training is valuable for importers, as it helps them navigate the complexities of international trade. Furthermore, these training sessions are often tailored to address any areas of concern or improvement for the participating businesses.
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The combined benefits of expedited customs procedures, enhanced security, and dedicated account representatives result in operational advantages. Importers can reduce lead times, minimize risks, and ensure a more predictable and efficient supply chain. This, in turn, improves customer service and overall business performance.
The application process has become more streamlined in recent years and is well supported by the ABF. DHL Global Forwarding is available to support importers at any stage in the application process and subsequent reviews and revalidations.
If you are still considering joining the program I would encourage you to review the website and take a look at the case studies and then review the list of currently accredited businesses.
If you would like more information I have included some useful links below and would suggest that you reach out to myself or your local Customs Representative.
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Useful links
international trade | customs | circular economy | excises | sustainability
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