On May 26, 2010, U.S. Customs and Border Protection (CBP) announced the signing of a Memorandum of Understanding with the General Administration of Customs of the People's Republic of China on Supply Chain Security and Facilitation. CBP considers the CBP-China Customs Memorandum of Understanding to be a key component of a cooperative security and trade relationship between the two nation's customs agencies.
"This memorandum will create a cooperative mechanism for CBP and the General Administration of Customs to collaborate on supply chain security standards and enhance CBP's implementation of a layered enforcement strategy," said Deputy Commissioner David Aguilar, who signed the MOU on behalf of CBP.
The MOU was signed during the Strategic and Economic Dialogue, which took place in Beijing May 24 - 25. The Strategic and Economic Dialogue is an ongoing mechanism for addressing the challenges and opportunities that the U.S. and China share on a wide range of bilateral, regional, and global areas of immediate and long-term strategic and economic interest.